Duties of the Board. Management of the Severance Pay Scheme pertains to the Board. The Board shall ensure that activities are properly organised. The Board shall establish plans and budgets for activities linked to the Scheme. The Board shall keep itself informed of developments in the Scheme's financial status and shall ensure that its activities and accounts are subject to adequate controls. The Board shall exercise supervision to ensure that management of the Scheme’s assets takes place in accordance with the Articles of Association and Board resolutions. The Board determines how the Articles of Association are to be interpreted and may adopt resolutions on matters of principle. The Board shall process and decide upon appeals. The Board may appoint a special appellate body to handle appeals. The Board shall prepare and propose amendments to the Articles of Association, based on the Severance Pay Agreement in force at the time in question. Furthermore, the Board shall exercise its authority by means of statutes or articles or other means that naturally pertain to the Board.
Appears in 3 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement