Nominate Directors Sample Clauses
The 'Nominate Directors' clause establishes the process by which individuals or entities are given the right to propose candidates for positions on a company's board of directors. Typically, this clause outlines who has nomination rights—such as shareholders holding a certain percentage of shares—and may specify procedures or timelines for submitting nominations. Its core practical function is to ensure a transparent and orderly method for board appointments, thereby promoting fair representation and preventing disputes over director selection.
Nominate Directors. Nominate members of the boards of directors of corporations, and appoint representatives or trustees in connection with investments of the Trust whenever or wherever such right of nomination or appointment is available.