Powers of the Governing Body Sample Clauses

The "Powers of the Governing Body" clause defines the authority and decision-making capabilities granted to the organization’s main leadership group, such as a board of directors or trustees. This clause typically outlines the scope of actions the governing body can take, including managing finances, setting policies, entering contracts, and overseeing operations. By clearly delineating these powers, the clause ensures that there is no ambiguity regarding who is authorized to act on behalf of the organization, thereby promoting effective governance and reducing the risk of unauthorized actions.
Powers of the Governing Body. The Governing Body shall have such powers as may be required to discharge its duties in terms of paragraph 11 of this Constitution. The Governing Body shall further have such powers as may be conferred upon it in accordance with the Trust Deed which a capital sum and certain movable property are vested in the Trustees of the Trust for the benefit of the School. Any Governing Body appointed in terms of this Constitution shall accept the benefits, powers and obligations conferred upon it by the Trust Deed. In particular, the Governing Body shall the power, from funds available to it for this purpose, to grant and withdraw additional benefits or allowances or subsidies which are contemplated in the Trust Deed and, subject to the Act, the Educators Employment Act and the Labour Relations Act, to employ, determine the conditions of service of, and suspend or dismiss in accordance with such conditions of service, the supernumerary staff contemplated by the Trust Deed.
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Powers of the Governing Body 
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Related to Powers of the Governing Body

  • Powers of the Board The Board shall have the power to do any and all acts necessary, convenient or incidental to or for the furtherance of the purposes described herein, including all powers, statutory or otherwise. Subject to the other provisions of this Agreement, the Board shall have the authority, on behalf of the Company, to do all things necessary or appropriate for the accomplishment of the purposes of the Company. Subject to the other provisions of this Agreement, the Board shall have full power to act for and to bind the Company to the extent provided by Delaware law.

  • Powers of the Advisor Subject to the express limitations set forth in this Agreement and the continuing and exclusive authority of the Board over the management of the Company, the power to direct the management, operation and policies of the Company, including making, financing and disposing of investments, shall be vested in the Advisor, which shall have the power by itself and shall be authorized and empowered on behalf and in the name of the Company to carry out any and all of the objectives and purposes of the Company and to perform all acts and enter into and perform all contracts and other undertakings that it may in its sole discretion deem necessary, advisable or incidental thereto to perform its obligations under this Agreement.

  • Powers of Board The directors may, at any time, with respect to a committee appointed under Articles 19.1 or 19.2: (1) revoke or alter the authority given to the committee, or override a decision made by the committee, except as to acts done before such revocation, alteration or overriding; (2) terminate the appointment of, or change the membership of, the committee; and (3) fill vacancies in the committee.

  • Powers of Members Pursuant to Section ▇▇-▇▇-▇▇▇ of the Act, the Members are authorized: (a) to make all decisions regarding the Company’s operations and legal affairs, including but not limited to: i. the sale, development, lease, or other disposition of the Company's assets; ii. the purchase or acquisition of other assets; iii. the management of all or any part of the Company's assets; iv. the borrowing of money and granting of security interests in the Company's assets; v. the pre-payment, refinancing, or extension of any loan affecting the Company's assets; vi. the compromise or release of any of the Company's claims or debts; and vii. the employment of persons, firms, or corporations for the operation and management of the Company's business; and (b) to execute and deliver: i. all contracts, conveyances, assignments, leases, sub-leases, franchise agreements, licensing agreements, management contracts, and maintenance contracts covering or affecting the Company's assets; ii. all checks, drafts, and other orders for the payment of the Company's funds; iii. all promissory notes, loans, security agreements and other similar documents; and iv. all other instruments of any kind relating to the Company's business and affairs.

  • Powers of the Company The Company shall have the power and authority to take any and all actions necessary, appropriate or advisable to or for the furtherance of the purposes set forth in Section 2.05.