Statutory Auditor Clause Samples
The Statutory Auditor clause designates an independent auditor responsible for examining and verifying a company's financial statements in accordance with applicable laws and regulations. This clause typically outlines the process for appointing the auditor, their term of service, and their duties, such as reviewing financial records and reporting findings to shareholders or regulatory authorities. Its core function is to ensure transparency and accuracy in financial reporting, thereby enhancing stakeholder confidence and compliance with statutory requirements.
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Statutory Auditor. The Company will have one statutory auditor (kansayaku) (the “Statutory Auditor”), who will be designated by VIA. The Statutory Auditor may be removed at any time by VIA. lithe Statutory Auditor ceases acting as Statutory Auditor for any reason, the Representative Director may designate a replacement who is approved in writing by VIA. Each Shareholder shall take all necessary or desirable actions within its control to ensure the appointment of such replacement.
Statutory Auditor. The statutory auditors will be a Big Four Firm, appointed as per the terms of the Shareholders’ Agreement. The Company shall, and the Founders shall ensure that the Company shall, continue to have the statutory auditor appointed in accordance with this Clause as their statutory auditor for so long as the Investors continue to hold Shares (directly or indirectly) in the Company.
Statutory Auditor. The Company shall have an auditor nominated with full consent of both parties or the auditor shall be nominated by the general shareholders meeting.
Statutory Auditor. In addition to the independent certified public accountant to be employed pursuant to Section 7.2 hereof, the Company shall have one (1) statutory auditor to be nominated by Teijin and to be elected by resolution of the General Shareholders' Meeting.
Statutory Auditor. The Corporation shall have a principal Statutory Auditor and a corresponding alternate who shall have the functions set forth in the Commercial Code. Both shall serve terms of three (3) years in their offices and their appointment or removal corresponds to the Shareholders’ Meeting. If not replaced upon expiration of the aforementioned term, the officers governed by this Article shall continue to perform their duties with all powers inherent to their office until the appointment of their respective replacements. The principal Statutory Auditor and his alternate who shall exercise their functions during the first statutory period are designated in Chapter XI of this Charter and By-laws.
Statutory Auditor. The Company shall have one statutory auditor who shall be elected at a general meeting of shareholders and the parties agree to cause vote their shares so as to elect such statutory auditor nominated by the Major Shareholders.
Statutory Auditor. The Parties shall cause the JVC to have one statutory auditor elected at a general meeting of shareholders of the JVC. VaxGen or the other Parties shall be entitled to nominate the statutory auditor upon mutual agreement among the Parties.
Statutory Auditor. 5.11.1. The Company, at all times, shall appoint and retain such reputed firm as may be acceptable to the Principal Investor Majority as the independent, external, statutory auditors of the Company (“Auditor”) in accordance with Applicable Law.
Statutory Auditor. Hanil Valence Co. shall have one (1) statutory auditor, who shall be elected at a shareholders meeting and perform the duties as provided in the Articles of Incorporation and in accordance with the Korean Commercial Code. The term of office of the statutory auditor shall commence from the date of acceptance of office and expire at the close of the ordinary general meeting of shareholders convened with respect to the last fiscal year which ends on or before a date two (2) years from the date of acceptance of office.
Statutory Auditor. The JVC shall appoint one (1) statutory auditor ----------------- who shall be nominated by PPV at a meeting of shareholders.