Examples of JV Board in a sentence
Please outline your leadership and management structure including proposed JV Board Directors and the senior management team operating the JV.
The Joint Venture Board of Directors is the primary means for governing the joint venture, and the JV CEO reports directly and only to the JV Board.
The JV Board has an explicit charter and delegation of authority framework that defines its role in relation to JV Management, JV Board Committees, and the Boards and Management of the Parent Companies.
The JV Board will receive monthly construction updates on build progress.
The JV Board is responsible for performing the roles of a traditional Corporate Board, including: (i) setting strategy and direction; (ii) approving major capital investments; (iii) ensuring strong performance management and managing financial risk; (iv) protecting shareholder and public interests, including legal, safety, ethics and environmental considerations; and (v) overseeing CEO and top-management hiring, evaluation, compensation and succession planning.
In addition, current collaboration with faculty in agronomy and agricultural economics brings to lighttradeoffs at regional, macroeconomic scales.
Absent compelling, unusual circumstances, the JV Board should range from 4 to 10 members.
Each shareholder has appointed to the JV Board at least one representative who is a senior executive of the parent company, and who is able to truly represent the interests of the parent company and command internal resources to support the venture.
The joint venture service and supply agreements with the shareholders are disclosed and made available to all JV Board members, are actively monitored and governed, and ideally, unless there are compelling business reasons otherwise, are set up on an arms- length basis with externally-sourceable specifications, with market-based pricing, and with the JV having the option to source externally.
The JV Board has established – and at least annually updates – a set of skills it seeks from Director candidates.