Senior Management and Boards of Directors Sample Clauses
The 'Senior Management and Boards of Directors' clause defines the roles, responsibilities, and authority of a company's top executives and its governing board. Typically, this clause outlines the decision-making powers, oversight duties, and reporting structures that senior management and directors must follow, such as approving major transactions or setting corporate policies. Its core function is to ensure clear governance and accountability within the organization, helping to prevent conflicts and establish a framework for effective leadership and oversight.
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Senior Management and Boards of Directors. 1. No Party may require financial institutions of another Party to engage individuals of any particular nationality as senior managerial or other essential personnel.
2. No Party may require that more than a simple majority of the board of directors of a financial institution of another Party be composed of nationals of the Party, persons residing in the territory of the Party, or a combination thereof.
Senior Management and Boards of Directors. 1. Neither Party may require that an enterprise of that Party, that is a covered investment, appoint to senior management positions natural persons of any particular nationality. 2. A Party may require that a majority of the board of directors, or any committee thereof, of an enterprise of that Party that is a covered investment, be of a particular nationality, or resident in the territory of the Party, provided that the requirement does not materially impair the ability of the investor to exercise control over its investment.
Senior Management and Boards of Directors. 1. Neither Party may require financial institutions of the other Party to engage individuals of any particular nationality as senior managerial or other essential personnel.
Senior Management and Boards of Directors. A Party shall not require that an enterprise of that Party that is a covered investment appoints natural persons of a particular nationality as members of boards of directors, or to a senior management position, such as executives or managers.
Senior Management and Boards of Directors. Neither Party may require that an enterprise of that Party that is an investment of an investor of the other Party appoint to senior management positions individuals of any particular nationality.
Senior Management and Boards of Directors. 1. Neither Party may require that an enterprise of that Party that is a covered investment appoint to senior management positions natural persons of any particular nationality.
2. Neither Party may require that a majority of the board of directors, or any committee thereof, of an enterprise of that Party that is a covered investment, be of a particular nationality, or resident in the territory of the Party.
3. Neither Party may require that less than a majority of the board of directors, or any committee thereof, of an enterprise of that Party that is a covered investment, be of a particular nationality, or resident in the territory of the Party, where that requirement would materially impair the ability of the investor to exercise control over its investment.
Senior Management and Boards of Directors. 1. Neither Party may require financial institutions of the other Party to engage individuals of any particular nationality as senior managerial or other essential personnel.
2. Neither Party may require that more than a minority of the board of directors of a financial institution of the other Party be composed of nationals of the Party, persons residing in the territory of the Party, or a combination thereof. Article 12.9: Non-Conforming Measures
1. Articles 12.2 through 12.5 and 12.8 and Section A of Annex 12.9 do not apply to:
(a) any existing non-conforming measure that is maintained by a Party at:
Senior Management and Boards of Directors. 1. No Party may require its companies to appoint individuals of any particular nationality to senior management positions.
2. A Party may require that a majority of the members of the management bodies of an enterprise be of a particular nationality, provided that the requirement does not materially impair the ability of the investor to exercise control over its investment.
Senior Management and Boards of Directors. In accordance with its domestic law and regulation, a Contracting Party may allow enterprises to appoint senior management positions to natural persons of any particular nationality, provided that they are nationals of a State that has diplomatic relations with both Contracting Parties.
Senior Management and Boards of Directors. 1. A Party shall not require financial institutions of the other Party to engage individuals of any particular nationality as senior managerial or other essential personnel.
2. A Party shall not require that more than a minority of the board of directors of a financial institution of the other Party be composed of nationals of the Party, persons residing in the territory of the Party, or a combination thereof. 1. Articles 12.2 through 12.5 and Article 12.8 shall not apply to: (a) any existing non-conforming measure that is maintained by a Party at: (i) the central level of government, as set out by that Party in Section A of its Schedule set out in Annex III; or (ii) a local level of government; (b) the continuation or prompt renewal of any non-conforming measure referred to in subparagraph (a); or (c) an amendment to any non-conforming measure referred to in subparagraph (a) to the extent that the amendment does not decrease the conformity of the measure, as it existed immediately before the amendment, with Article 12.2, 12.3, 12.4, or 12.8.5 2. Articles 12.2 through 12.5 and Article 12.8 shall not apply to any measure that a Party 5 For greater certainty, Article 12.5 shall apply to an amendment to any non-conforming measure referred to in subparagraph
(a) only to the extent that the amendment decreases the conformity of the measure, as it existed on the date of entry into force of the Agreement, with Article 12.5. adopts or maintains with respect to sectors, sub-sectors, or activities, as set out by the Party in Section B of its Schedule set out in Annex III. 3. A non-conforming measure set out in an entry in a Party's Schedule set out in Annex I or II as not subject to Article 9.3 (National Treatment), 9.4 (Most-Favored-Nation Treatment), 10.2 (National Treatment), or 10.3 (Most-Favored-Nation Treatment), shall be treated as a non-conforming measure not subject to Article 12.2 or 12.3, as the case may be, to the extent that the measure, sector, sub-sector, or activity set out in the entry is covered by this Chapter.