Powers of Management Clause Samples
The "Powers of Management" clause defines the authority and responsibilities granted to the managers or directors of an organization. It typically outlines the scope of decisions they can make on behalf of the company, such as entering into contracts, managing assets, or overseeing daily operations. This clause ensures that there is clear guidance on who can act for the company and what actions they are permitted to take, thereby preventing disputes and ensuring efficient governance.
Powers of Management. The directors must, subject to the Business Corporations Act and these Articles, manage or supervise the management of the business and affairs of the Company and have the authority to exercise all such powers of the Company as are not, by the Business Corporations Act or by these Articles, required to be exercised by the shareholders of the Company.
Powers of Management a. The management of the competition shall be vested in the Association whose members shall be elected in accordance with Rules and Regulations of the Cornwall County Football Association. They shall have powers to apply, act upon and enforce the Rules of the Competition and shall also have jurisdiction over all matters affecting the Competition, including any not provided for in the Rules. Any action by the Association must be taken within 28 days of the Association being notified.
b. The Association shall have the power to inflict fines upon Clubs in the case of breaches of the Rules, and if necessary to order matches to be replayed except where otherwise provided for.
c. With the exception of Rule 3h, for all alleged breaches of a Rule the Association shall issue a formal written charge to the Club concerned. The Club charged shall be given 7 days from the date of notification of the charge to reply. In such reply a Club may:
i. Accept the charge and submit in writing a case of mitigation for consideration by the Association on the papers; or
ii. Accept the charge and notify that it wishes to put its case of mitigation at a hearing before a Committee convened by the Association; or
iii. Deny the charge and submit in writing supporting evidence for consideration by the Association on the papers; or
iv. Deny the charge and notify that it wishes to put its case of mitigation at a hearing before a Committee convened by the Association.
v. Accept the charge and pay, within 14 days from the date of notification, the fine imposed.
d. Where the Club charged fails to respond within 7 days, the Association shall determine the charge in such manner and upon such evidence as it considers appropriate.
e. Where required, hearings shall take place as soon as reasonably practicable following receipt of the reply of the Club as more fully set out above. Having considered the reply of the Club (whether in writing or at a hearing), the Association shall make its decision and, in the event that the charge is accepted or proven, decide on the appropriate penalty (with reference to the Fines Tariff where applicable).
f. The maximum fine for any breach of a Rule shall be £250 and, when setting any fine, the Association must ensure that the penalty is proportional to the offence, taking into account any mitigating circumstances.
g. No Participant under the age of 18 can be fined.
h. Subject to a Club’s right of appeal in accordance with Rule 4 below, all fines and charges must...
Powers of Management. (A) The Management Committee may appoint sub-committees and delegate such of their powers as they deem necessary. The decisions of all sub- committees shall be reported to the Management Committee for ratification. The Management Committee shall have power to deal only with matters within the Competition and not for any matters of misconduct that are under the jurisdiction of The FA or Affiliated Association.
Powers of Management. The membership for the coming season, having been decided at a Annual General Meeting held no later than the 30th of June each year, the SJFL shall have the right, irrespective of other provisions in this Rule, to refuse to permit a Club to withdraw its team(s) in order to join another Competition and my hold the Club to its engagements.
Powers of Management. The board must, subject to the BCA and these Articles, manage or supervise the management of the business and affairs of the Company and has the authority to exercise all such powers of the Company as are not, by the BCA or by these Articles, required to be exercised by the shareholders of the Company.
Powers of Management. The Management Committee may appoint sub-committees and delegate such of their powers as they deem necessary. The decisions of all sub-committees shall be reported to the Management Committee for ratification. The Management Committee shall have power to deal only with matters within the Competition and not for any matters of misconduct that are under the jurisdiction of The FA or Affiliated Association. Subject to the permission of the Sanctioning Authority having been obtained, the Management Committee may order a match or matches to be played each Season, the proceeds to be devoted to the funds of the Competition and, if necessary, may call upon each Club (including any club which may have withdrawn during the Season) to contribute equally such sums as may be necessary to meet any deficiency at the end of the Season. Each member of the Management Committee shall have the right to attend and vote at all Management Committee meetings and have one vote thereat, but no member shall be allowed to vote on any matters directly appertaining to such member or to the Club so represented or where there may be a conflict of interest. (This shall also apply to the procedure of any sub-committee). In the event of the voting being equal on any matter, the Chairman of the Management Committee shall have a second or casting vote. The Management Committee shall have powers to apply, act upon and enforce these Rules and shall also have jurisdiction over all matters affecting the Competition. Any action by the Competition must be taken within 28 days of the Competition being notified. With the exception of Rules 6(I), 8(H), and 9, for all alleged breaches of a Rule the Management Committee shall issue a formal written charge to the Club concerned. The Club charged shall be given 7 days from the date of notification of the charge to reply. In such reply a Club may: Accept the charge and submit in writing a case of mitigation for consideration by the Management Committee on the papers; or Accept the charge and notify that it wishes to put its case of mitigation at a hearing before the Management Committee; or Deny the charge and submit in writing supporting evidence for consideration by the Management Committee on the papers; or Deny the charge and notify that it wishes to put its case of mitigation at a hearing before the Management Committee. Where the Club charged fails to respond within 7 days, the Management Committee shall determine the charge in such manner and upon s...
Powers of Management. The Powers of Management include all powers to take any action or no action in managing the Partnership's business and affairs as may be necessary or appropriate to achieve the Partnership's purposes, including the power:
(a) to purchase or otherwise acquire, construct, deal in, sell, lease or otherwise dispose of full or fractional interests in real property, depreciable property or personal property of any kind, including buildings, machinery, equipment or otherwise; to sell, assign, transfer, convey, lease, loan, exchange or otherwise dispose of all or any part of the Partnership Assets; provided that the purchase or other acquisition of any such interests has the consent of 80% of the Members of the General Partner based on their Percentage Interests in the entity which is the General Partner;
(b) to invest or otherwise participate in other partnerships, corporations or other entities; provided that the purchase or other participation in any items other than publicly traded stocks (excluding derivatives), investment grade bonds, Treasury bonds, Treasury bills, and Treasury notes, commercial paper, mutual funds, money market funds, and cash shall have the consent of 80% of the Members of the General Partner based on their Percentage Interests in the entity which is the General Partner;
(c) to provide or contract for services of any kind; to make, enter into, deliver and perform contracts, agreements and other undertakings; to contract for the services of accountants, lawyers, investment managers, appraisers, contractors, or other service providers and to delegate powers to any such person, whether ministerial or discretionary; to retain or employ employees; to appoint any individual as an officer of the Partnership; and to delegate to any such officers or employees any of the Powers of Management; provided that no spouse of a Partner and no organization with which a spouse of a Partner is employed or associated may receive compensation in connection with any such contract with or employment by the Partnership; and provided further that no Partner, no child, sibling, or other non-spouse relative of a Partner, and no organization with which a Partner or a child, sibling, or other non-spouse relative of a Partner is employed or associated may be so employed or contracted with and receive compensation without the consent of 80% of the Members of the General Partner, based on their Percentage Interests in the entity which is the General Partner;
3.1. (d) to ...
Powers of Management. 10 3.2. Authority to Exercise Powers of Management.........................................................12 3.3. Managing Partner...................................................................................13 3.4. Reliance by Third Parties on General Partners......................................................14
Powers of Management. In its first meeting, the Board of Managers shall adopt a resolution specifying the authorities and responsibilities of the Executive Manager.
Powers of Management. In order to properly perform its duties hereunder, Management shall have the power and authority to do all things necessary and proper to carry out the Services set forth in Section 3.