ORDER OF THE BOARD Clause Samples

The 'Order of the Board' clause establishes the authority of a company's board of directors to issue formal directives or decisions that must be followed by the company and its officers. In practice, this clause clarifies that resolutions or instructions made by the board take precedence over individual actions or decisions by company officers or employees. For example, if the board passes a resolution regarding company policy or financial matters, all relevant parties are required to comply with that directive. The core function of this clause is to ensure organizational clarity and hierarchy, making it clear that the board's decisions are binding and must be implemented throughout the company.
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ORDER OF THE BOARD. Lim ▇▇▇ ▇▇▇▇ @ ▇▇▇▇▇▇ ▇▇▇
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ORDER OF THE BOARD. Teh Wing Kwan
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ORDER OF THE BOARD. Boh Tuang Poh
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ORDER OF THE BOARD. Dr. Ge Hailin
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ORDER OF THE BOARD. ▇▇▇ ▇▇ Chuan
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Related to ORDER OF THE BOARD

  • The Board (a) The Board may, subject to the provisions of paragraphs (a) and (b) of this Section 2.6 with respect to the number of and vacancies in the position of Director and the provisions of Section 3.3 hereof with respect to the election of Directors by Members, designate any person who shall agree to be bound by all of the terms of this Agreement as a Director. The names and mailing addresses of the Directors shall be set forth in the books and records of the Company. The number of Directors shall be fixed from time to time by a written instrument signed by, or by resolution approved at a duly constituted meeting by vote of, a majority of the Board, provided however that the number of Directors shall at all times be at least one and no more than ten as determined, from time to time, by the Directors pursuant to this Agreement. (b) Each Director shall serve as a Director for the duration of the term of the Company, unless his or her status as a Director shall be sooner terminated pursuant to Section 4.2 hereof. If any vacancy in the position of a Director occurs, the remaining Directors may appoint a person to serve in such capacity, provided that, at any time the Company is registered under the Company Act, such appointment is in accordance with the Company Act. The Directors may call a meeting of Members to fill any vacancy in the position of Director, and shall do so at any time the Company is registered under the Company Act and such meeting is required by the Company Act. (c) In the event that no Director remains to continue the business of the Company, the Investment Manager shall promptly call a meeting of the Members, to be held within 60 days after the date on which the last Director ceased to act in that capacity, for the purpose of determining whether to continue the business of the Company and, if the business shall be continued, of electing the required number of Directors to the Board. If the Members shall determine at such meeting not to continue the business of the Company or if the required number of Directors is not elected within 60 days after the date on which the last Director ceased to act in that capacity, then the Company shall be dissolved pursuant to Section 6.1 hereof and the assets of the Company shall be liquidated and distributed pursuant to Section 6.2 hereof.