Responsible Function definition

Responsible Function. : means the function responsible for the individual transaction with Related Parties in accordance with the provisions of the Company's internal regulations or, failing that, the body or person delegated if no internal Company structure is used. With specific reference to transactions carried out through Subsidiaries, the Responsible Function is that function of the Company competent for the prior examination or approval of the individual transaction that the Subsidiary intends to carry out.
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Related to Responsible Function

  • Responsible Vendor means a vendor with adequate financial resources (or the ability to obtain such resources), who can comply with the delivery requirements, and who is a qualified and established firm regularly engaged in the type of business that provides the goods and/or services herein.

  • Responsible adult means a parent, guardian or other adult specifically authorized by law or authorized by a parent or guardian to have custody or control of a minor.

  • Responsible Contractor means a Contractor that has the capability in all material respects to perform the specifications of the Contract. In determining whether a Contractor is a Responsible Contractor, the Agency may consider various factors including, but not limited to, the Contractor’s competence and qualifications to provide the goods or services requested, the Contractor’s integrity and reliability, the past performance of the Contractor and the best interest of the Agency and the State.

  • Responsible charge means direct control and personal supervision of engineering or surveying work.

  • responsible Minister , in relation to a scheme, means the Minister to whom the administration of the relevant scheme Act is for the time being committed by the Governor;