External Directors definition
Examples of External Directors in a sentence
External Directors are not members of IMRO and they are appointed by the Board on the basis of their particular expertise and skills they can bring to the workings of the Board.
According to the provisions of the Companies Law as at the date of this Agreement, the number of External Directors serving on the Board shall be at least two (2).
The provisions of this Article 37 shall not apply to External Directors, whose remuneration shall be in accordance with the relevant provisions of the Law.
If the nomination of the External Directors may not be made by all Designating Shareholders at the same time due to the date of expiry or termination of the directorship term of the external Directors at different dates, then the first External Director shall be nominated by the Designating Shareholder then holding the largest voting power in the Company, and the other Designating Shareholder shall nominate the subsequent External Director to be elected.
The directors payment in accordance with the Companies Regulations (Rules Pertaining To Payments and Expense to External Directors), 5760 - 2000, for directors in office and those who will serve in office for the Company from time to time in accordance with the Company's organs approval pursuant to the law.