MANAGEMENT/OPERATIONS COMMITTEE Clause Samples

MANAGEMENT/OPERATIONS COMMITTEE. The Management/Operations Committee will be composed of the following members from each company: SICPA Jacques Van Droogenbroeck, Managing Director, Security Ink Division Representative from R&D Representative from Manufacturing Account Executive* FLEX PRODUCTS ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, President Marketing Director Production Manager R&D Director Account Executive* * An Account Executive will be designated by each company. The responsibility of that person will be to coordinate meetings as needed, assure complete and prompt response to communications, promote understanding and communicate status of the business to his team. The Management/Operations Committee will carry out the long range plan established by the Strategic Committee. The Committee will develop the operations plans for the alliance. It will set priorities and allocate scarce resources to assure compliance with the plan and ensure success of the alliance. It will be responsible for organizing ad hoc teams that will be responsible for specific projects, such as new product development. It will ensure that production schedules are met, new product development is undertaken, new products are introduced on a timely basis, and that cost reduction programs are implemented and meet their objectives. The Committee is also responsible to review market needs, identify new product requirements, assess competitive threats, develop guidelines for ownership of jointly developed technology and analyze the economics of the business. This Committee is a working committee and has overall responsibility for the day-to-day execution of the plans. The Committee will meet twice each quarter, one in person and once telephonically. The Committee will submit to the Strategic Committee quarterly reports within twenty-one days after the quarter ends.