Common use of Independence and impartiality Clause in Contracts

Independence and impartiality. 1. Investment Board Members shall in the performance of their duties as Members of the Investment Board act in the best interest of the ▇▇▇▇▇▇▇ Holding Fund. 2. Investment Board Members shall comply with the obligations entrusted to them on the Investment Board in a comprehensive, timely, honest, and diligent manner, using their knowledge and expertise, and observing applicable laws and regulations. 3. Investment Board Members shall take pertinent decisions on those issues connected with the duties assigned to the Investment Board, shall perform the tasks necessary to take such decisions, and may not delegate such obligation to a third party. 4. Investment Board Members shall be impartial and shall adopt decisions based on merit, they shall avoid direct or indirect conflicts of interest, and they shall comply with the highest standards of conduct of the Investment Board. 5. Investment Board Members shall remain uninfluenced by their own interests, or external pressures, and shall make no commitments or accept any benefit that might potentially or apparently undermine the performance of their tasks or duties.

Appears in 1 contract

Sources: Internal Rules of Procedure

Independence and impartiality. 1. Investment Board Members shall in the performance of their duties as Members of the Investment Board act in the best interest of the ▇▇▇▇▇▇▇ Holding Fund. 2. Investment Board Members shall comply with the obligations entrusted to them on the Investment Board in a comprehensive, timely, honest, and diligent manner, using their knowledge and expertise, and observing applicable laws and regulations. 3. Investment Board Members shall take pertinent decisions on those issues connected with the duties assigned to the Investment Board, shall perform the tasks necessary to take such decisions, and may not delegate such obligation to a third party. 4. Investment Board Members shall be impartial and shall adopt decisions based on merit, they shall avoid direct or indirect conflicts of interest, and they shall comply with the highest standards of conduct of the Investment Board. 5. Investment Board Members shall remain uninfluenced by their own interests, or external pressures, and shall make no commitments or accept any benefit that might potentially or apparently undermine the performance of their tasks or duties.

Appears in 1 contract

Sources: Internal Rules of Procedure