Independent members of the Board of Directors definition

Independent members of the Board of Directors means members of the Board of Directors who satisfy the criteria and conditions stipulated in Paragraph 2, Article 50 of this Charter.
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Independent members of the Board of Directors means members of the Board of Directors who satisfy the criteria and conditions stipulated in Clause2, Article 50 of this 3 Clause 32, Article 4, Law on Credit Institutions4 Clause 31, Article 4, Law on Credit Institutions5 Clause 28, Article 4, Law on Credit InstitutionsCharter.
Sample 1

Examples of Independent members of the Board of Directors in a sentence

  • Independent members of the Board of Directors were determined by approval of the independent members’ candidate lists comprising two persons in the Ordinary General Assembly meeting on 22 March 2018, in accordance with the Board of Directors resolution No. 2018/13 dated 28 February 2018.

  • To set the terms for payment of remuneration and compensation of expenses for Jere Calmes, Kcell JSC member of the Board of Directors, in accordance with the Policy on remuneration and reimbursement of expenses of Independent members of the Board of Directors of Kcell JSC for performing their duties, approved by the Annual General Meeting of Shareholders on 29 May 2019.

  • Independent members of the Board of Directors receive cash-settled Phantom DSUs. Each Phantom DSU entitles the holder to a cash payment equivalent to the value of a number of common shares (including deemed dividends, if applicable) to be paid upon the individual ceasing to be a Director for any reason, subject to the right to defer payment until up to December 31 of the year following their departure from the Board.

  • Independent members of the Board of Directors fully satisfy the “independence criteria” as laid down under.

  • Independent members of the Board of Directors do not receive performance-related compensation, severance payments or benefits.

  • Independent members of the Board of Directors assume roles in multiple committees as there are 2 independent members in the Board of Directors.

  • Independent members of the Board of Directors shall refrain from actions that may compromise their independent status.

  • Independent members of the Board of Directors shall prepare reports on performance of the Board of Directors.

  • Independent members of the Board of Directors shall disclose information on changes or circumstances occurring after their election to the Board of Directors, as a result of which they cease to be independent under applicable corporate governance standards.

  • Independent members of the Board of Directors and non-managerial members of the Board of Directors should constitute the majority of members of a sub-committee, and one of such people should be appointed as the head of the sub-committee pursuant to a decision of the Board of Directors.

Related to Independent members of the Board of Directors

  • Company Board of Directors means the board of directors of the Company.

  • The Board of Directors or "Board" means all those persons appointed to perform the duties of directors of the society;

  • Member board means a state agency in a member state that acts in the sovereign interests of the state by protecting the public through licensure, regulation, and education of physicians as directed by the state government.

  • Executive Committee means the Executive Committee of the Board.

  • Board of Directors means the board of directors of the Company.

  • entire Board of Directors means the total number of directors which the Corporation would have if there were no vacancies.

  • the Board means the board of directors of the Company;

  • Independent Directors means the members of the Board of Directors who are not officers or employees of the Manager.

  • Board or Board of Directors means the Board of Directors of the Company.

  • Member of the Board means an individual who is a member of the Board or of the board of directors of a Subsidiary or an Affiliate.

  • Disinterested Board Members means those members of the Board of a Fund that are not deemed to be "interested persons" of the Fund, as defined by the Act.

  • Board of Director or “Board” means the Board of Directors of Omaxe Limited, as constituted from time to time.

  • Board of Directors or Board means the Board of Directors of Prakash Steelage Limited, as constituted from time to time.

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

  • Nomination Committee means the nomination committee of the Board established in accordance with Article 114;

  • Independent Board Committee means the independent board committee of the Company

  • CPF Board means the Central Provident Fund Board, a body corporate established under the Central Provident Fund Act (Cap. 36);

  • ordinary member of the committee means a member of the committee who is not an officer of the Association under Rule 21;

  • Sub-Committee means a committee of a committee created by the board.

  • Guarantor’s Board of Directors means the board of directors of the Guarantor or any committee of that board duly authorized to act generally or in any particular respect for the Guarantor hereunder.

  • New Directors means any director whose election by the Board or whose nomination for election by the Company's stockholders was approved by a vote of at least two-thirds of the directors then still in office who were Present Directors or New Directors.

  • Board Committee means those individual Directors who have been appointed by the Board of Directors with the powers and responsibilities specified in Article V and to which has been delegated any fiduciary responsibilities of the Board of Directors with respect to the Plan.

  • Independent Member of the board means a member of the board who has no business, family or other relationship that raises a conflict of interests regarding the CCP concerned or its controlling shareholders, its management or its clearing members, and who has had no such relationship during the five years preceding his membership of the board;

  • Chairman of the Board means the Chairman of the Board of the Corporation.

  • Committees means Committees of the Board for the time being in force.

  • Parent Directors means the Directors elected or appointed pursuant to Articles 53 – 56 inclusive;