Governance Board Sample Clauses

Governance Board. 1. The Governance Board shall be comprised of one representative appointed by Australia and two representatives appointed by Timor-Leste. The representatives on the Governance Board shall not have any direct financial or other commercial interest in the operation of the Greater Sunrise Special Regime that would create any reasonable perception of, or actual, conflict of interest, and they shall disclose details of any material personal interest in connection with their position on the Governance Board.
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Governance Board. The Governance Board shall be comprised of one representative appointed by Australia and two representatives appointed by Timor-Leste. The representatives on the Governance Board shall not have any direct financial or other commercial interest in the operation of the Greater Sunrise Special Regime that would create any reasonable perception of, or actual, conflict of interest, and they shall disclose details of any material personal interest in connection with their position on the Governance Board. The Governance Board shall have the following powers and functions: providing strategic oversight over the Greater Sunrise Special Regime; establishing and overseeing an assurance and audit framework for revenue verification and offshore petroleum regulation and administration. This shall include: issuing an annual 'Statement of Expectation' to frame the operation and management of the Greater Sunrise Special Regime to guide the work of the Designated Authority; reporting requirements of the Designated Authority in accordance with Article 6(3)(b) of this Annex; and engaging an independent qualified firm to conduct an annual audit in accordance with international auditing standards so as to provide a high level of assurance over the completeness and accuracy of revenues payable from Petroleum Activities in the Special Regime Area including monthly reporting, incorporating an explanation for variances between forecast and actual revenue; making decisions on Strategic Issues referred to it under Article 6(4) of this Annex, in accordance with paragraphs 5 and 6 of this Article; approving amendments to the Interim Petroleum Mining Code and any regulations thereunder; approving the final Petroleum Mining Code and any regulations thereunder, and any amendments thereto; other than as necessary for Strategic Issues, meet three times a year with the Designated Authority and receive reports under Article 6(3)(b) of this Annex; and conferring any additional powers and functions on the Designated Authority. Subject to paragraph 4 of this Article, the following is an exhaustive list of Strategic Issues: assessment and approval of a Development Plan pursuant to Article 9(2) of this Annex and any material change to a Development Plan as defined in that Development Plan, pursuant to Article 9(4) of this Annex; approval of the decision by the Designated Authority to enter into or terminate the Greater Sunrise Production Sharing Contract, or propose any material changes to that C...
Governance Board. The Parties shall form a governance board to facilitate communications between them (the "Governance Board"). The Governance Board shall be composed of senior management of both Empire and IBM, and such other persons as may be mutually agreed by the Parties. The Governance Board shall provide general oversight and guidance to the Parties, including serving as the arbiter with respect to issues arising during and from meetings, committees, and work groups formed by the Parties (e.g., change request, reliability).
Governance Board. 4.1 The parties shall form a Governance Board known as the Neighbourhood Policing Governance Board consisting of the following members: • The Corporate Director of Community and Culture, Nottingham City Council • The Leader of the Council • The Divisional Commander of the Police City Division • The Chief Executive of Nottingham City Homes • The Chief Executive of the Crime and Drugs Partnership • The Senior Divisional Officer of the City Division of Nottinghamshire Fire and Rescue Service
Governance Board. A Governance Board consisting of staff, parents, and community members will govern the school (the “Appleton Bilingual School Governance Board”). The Appleton Bilingual School Governance Board will determine and oversee the mission and strategic plan, coordinate public relations strategies, establish policies as well as, oversee and approve the budget of the school.
Governance Board. 5.1.1 The Parties shall form a Governance Board to establish and resolve major policy decisions concerning operations under this Agreement, consider requests for Changes and any other matters relating to this Agreement, any SOW and the operations of the Parties affected thereby which are not resolved by the JSC. The Governance Board shall be comprised of two representatives. One representative shall be designated by Provider and one representative shall be designated by Customer. Upon execution of this Agreement, the initial Customer Governance Board representative shall be *, and the initial Provider Governance Board representative shall be *, each of whom shall have full authority to act on behalf of Provider but collectively shall count as a single representative. Thereafter, each Party shall notify the other in writing as to changes in its appointee to the Governance Board. Each such appointee shall serve at the pleasure of the appointing Party. A Party may designate a substitute representative in the event that a designated representative is unable to attend or participate in a Governance Board meeting. All decisions of the Governance Board, whether reached by consensus or by the decision of the Customer representative on the Board as provided below, shall be final and binding upon the Parties.
Governance Board. The Contractor shall:
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Governance Board. A Governance Board consisting of staff, parents, and community members will govern the school (the “Xxxxxxx Xxxxxx Elementary Charter School Governance Board”). The Xxxxxxx Xxxxxx Elementary Charter School Governance Board will determine and oversee the mission and strategic plan, coordinate public relations strategies, establish policies as well as, oversee and approve the budget of the school subject to the terms of this Agreement and specific authorization by XXXX. No individual member of a Charter School Governance Board has the right or authorization to individually exercise the rights listed below. The Governance Board has the rights, subject to the terms and limitations of this Charter Agreement, necessary pursuant to state law to carry out the terms of this Charter Agreement including:
Governance Board. 3.1 In order to coordinate the operation of Dedicated Assets for the purposes contemplated herein, the Parties shall form a governance committee (the “Governance Board”). The Seller and the Buyer shall each have the right to nominate two representatives to the Governance Board (which representatives may be modified or changed from time to time by the Seller and the Buyer, respectively, upon written notice to the other Party within ten (10) days of such modification or change).
Governance Board. A Governance Board consisting of staff, parents, and community members will govern the school (the “Tesla Governance Board”). The Tesla Governance Board will determine and oversee the mission and strategic plan, coordinate public relations strategies, establish policies as well as, oversee and approve the budget of the school subject to the terms of this Agreement and specific authorization by AASD. No individual member of a Charter School Governance Board has the right or authorization to individually exercise the rights listed below. The Governance Board has the rights, subject to the terms and limitations of this Charter Agreement, necessary pursuant to state law to carry out the terms of this Charter Agreement including:
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