The year 2011 was marked by currency and market turbulences, political unrest and devastating natural disasters which resulted in far-reaching social and economic changes. In this challenging environment the Kuehne + Nagel Group firmly stayed on course for its strategic objectives. The company concentrated on further increasing the attractiveness of its industry-specific logistics offering, and focused its investments on regions with a large market potential. The Group made complementary acquisitions and, at the same time, main- tained a high level of internal efficiency as measured by the ratio between gross profit and EBIT. Net earnings were slightly above the previous year and reached with CHF 606 million a new record high (currency adjusted: increase of 12.2 per cent). Due to the strong Swiss Franc, turnover decreased by 3.3 per cent to CHF 19,596 million (currency adjusted: increase of 9.3 per cent). The Board of Directors is satisfied with the results 2011 and is confident that the implementation of the global strategy will again contribute to the positive deve- lopment of the Group in 2012.
§ 1613. Dissolution of land bank
A land bank may be dissolved as a type C not-for-profit corporation sixty calendar days after an affirmative reso- lution approved by two-thirds of the membership of the board of directors. Sixty calendar days advance written notice of consideration of a resolution of dissolution shall be given to the foreclosing governmental unit or units that created the land bank, shall be published in a local newspaper of general circulation, and shall be sent certified mail to the trustee of any outstanding bonds of the land bank. Upon dissolution of the land bank all real property, personal property and other assets of the land bank shall become the assets of the foreclosing governmental unit or units that created the land bank. In the event that two or more foreclosing governmental units create a land bank in accordance with section sixteen hundred three of this article, the withdrawal of one or more foreclosing governmental units shall not result in the dissolution of the land bank unless the intergovernmental agreement so provides, and there is no foreclosing governmental unit that desires to continue the existence of the land bank.
The Board of Directors also confirmed that it will propose to the Shareholders’ Meeting to approve the payment of a total dividend of € 1.13 gross per share, of which € 0.93 was already paid in December 2013. The Annual Financial Report is available on Governance Statement and the Remuneration Report. The latter will be submitted for approval of shareholders at the Shareholders’ meeting of May, 14 th 2014.
grant. However, the exercise price and/or the number of granted options shall be adjusted in case of dividend paid by Bang & Olufsen a/s and in case of corporate actions that dilute the value of the options.
The stock options will not vest and become exercisable until at least three years after the date of grant and the stock options will expire if not exercised no later than five years from the date of grant. Vesting of the stock options may at the discretion of the Board of Directors be conditioned on achievement of the company’s budgeted results or financial key figures/ratios.
member of the supervisory board of GFA Castillon.
Non-voting director of the board of directors of Schneider Experience and qualifications Electric SA (May 2013-October 2013) (France); member of the Magali Herbaut graduated from the École Supérieure de supervisory board of Schneider Electric SA (France); President Commerce in Grenoble and earned an MBA from Laval University of Bell Labs and Chief Strategy Officer of Alcatel-Lucent (USA / (Canada). She began her career as an auditor for the firm Deloitte, France); member of the board of Trustees of Johns Hopkins then joined Schneider Electric in 1996 as a management controller University (USA); member of the Nasdaq Listing and Review for Schneider Electric Automation GmbH. Mrs. Herbaut spent two Council (USA); member of the External Advisory board of the years as a management controller for Schneider Electric CIA (USA); member of the Advisory board of Royal Oak Capital Automation Inc. in the US, before becoming Chief financial officer (USA); Director of CINTT (USA); member of the board of for Normabarre (2000-2003) for the Medium Voltage/Low Voltage Managers of the Applied Physics Lab (USA); Director of GIV Regional Facilities Unit (2003-2007), later taking charge of the Global Private Equity (USA); Professor at the University of Alombard plant (2007-2008). She managed the Electrical Wiring Maryland (USA); member of the board of directors of business in the LifeSpace Business Unit for the EMEAS region Georgetown University (USA); member of the board of Visitors at between 2009 and 2012, and then on a global scale in 2013 as the Stanford Freeman Spogli Institute (USA).
Remuneration Policy of Directors, Supervisors and Senior Management Members
The Bank has formulated a clear regulation on the remuneration of directors, supervisors and senior management members. The remuneration for Chairman of the Board of Directors, President, Chairman of the Board of Supervisors and executive vice presidents shall be paid in accordance with the rules on remuneration reform for central enterprises, which consists of basic annual remuneration, performance- based annual remuneration and incentive income linked to term appraisal. The remuneration for other senior management members and shareholder supervisors consists of basic annual remuneration and performance-based remuneration, with part of performance-based remuneration paid in a deferred manner. Independent directors as well as external supervisors and employee supervisors are remunerated by the Bank while non-executive directors are not remunerated by the Bank. The Bank remunerates directors, supervisors and senior management members who are employed by the Bank with salaries, bonuses, employer contributions to social insurance, enterprise annuity, supplementary medical insurance and housing provident fund, as well as other monetary income.
The Auditing Act requires that we comply with the principles of professional ethics. We per- formed this audit in accordance with good au- diting practice in Finland. Good auditing prac- tices require us to plan and perform the audit in order to obtain reasonable certainty as to whether the financial statements or Report of the Board of Directors contain any mate- rial misstatements and whether the mem- bers of the Supervisory Board and the Board of Directors or the CEO are guilty of an act or of negligence that may make the compa- ny liable for damages or whether they have violated the Limited Liability Companies Act, the Insurance Companies Act or the articles of association.
MR. ORBIVITANO R. DIAZ (Director) was appointed as member of the Board in the year 2008. He holds a degree of Bachelor of Science in Nursing at World Citi Medical Center and graduated in the year 1995.
He became a Registered Nurse in the same year.
Prior to joining Eastwest, Mr. Diaz worked as Medical Liaison Officer in Aetna Healthcare Inc., in the year 1996. He worked in Orange Healthcare Inc., as Manager for Underwriting and Account Support from year 2000 until 2003. He also worked as Senior Vice President for Corporate Relation Department in One Pacific Prime Solutions, Inc., from 2004 to 2008.
• The Royal Thai Army Command and General Staff Course
• The Joint State-Private Sector Regular Course, National Defence College
• Directors Certification Program (DCP) ,Thai Institute of Directors Association
• Finance for Non-Finance Directors (FND), Thai Institute of Directors Association
serve on the audit committees of boards of more than two other publicly held companies unless the Board determines that such simultaneous service would not impair the ability of the individual to effectively serve on the Company's Audit Committee. Members of the Board should not serve on the board, or serve as an officer, of any company that may cause a significant conflict of interest with their service as a member of the Company’s Board. Board members should normally avoid serving on the board, or serving as an officer, of a service provider, contractor, consultant or other party with whom the Company does a significant amount of business, particularly when such participation might create an impression of favoritism or conflict of interest. All directors shall inform the Chair of the Board, the Chair of the Governance Committee and the Company's Secretary of any activity that may rise to the level of a significant conflict of interest, such as an affiliation with a material competitor or supplier of the Company. The Governance Committee shall be advised of such activity, and shall make a recommendation to the Board on the continued appropriateness of Board or committee membership under these circumstances. Board members will take any such action as the Governance Committee deems to be necessary or appropriate in order to effect the intent of this section.
In addition to those specific matters requiring prior Board approval pursuant to the Corporation's by-laws or applicable laws, the Board shall be responsible for approving the following:
(a) interim and annual financial statements, provided that the Board may delegate to the Audit, Finance and Risk Committee the responsibility to review such financial statements and make its recommendations to the Board;
The independent Directors will select from among their number a Director immediately following each annual meeting who will serve as the Chairman and assume responsibility for providing leadership to enhance the effectiveness and independence of the Board. The Chairman also manages the affairs of the Board so as to assist the Directors in carrying out their responsibilities and enhance the effectiveness and cohesion of the Board as a whole. The Chairman is a regular attendee at meetings of Board Committees. The Chairman should encourage open discussion and debate at Board meetings and have frequent dialogue with other Directors and senior management. The Chairman should also have recurring interactions with regulators.
Specialist in Financial Stability at the Banco de la República, Bogotá.
Instructor at Northwestern University, USA, Universidad de los Andes and
Pontificia Universidad Javeriana, Colombia, and author of several publications.
Board of Directors Experience: ISA, Financiera de Desarrollo Nacional and ISAGEN Degree in Economics from Los Andes University, Cum Laude, Master's Degree in Economics from Los Andres University, and Master's and PhD in Economics from Northwestern University, Evanston, Illinois, with concentration in
Achievement Award. New Mexico Business Weekly has recognized her as one of New Mexico’s Women of Influence, as well as one of New Mexico’s top 100 Power Brokers, and she has been inducted into the National Association of Distinguished Counsel. She is a former member of the Board of Directors of Albuquerque Economic Development, and, over the past 30 years, she has been active in Museum support as a member of the Art Advisory Committee,
Article XI - Bylaw Approval, Adoption and Amendments
These Bylaws may be altered, repealed, or amended by the affirmative vote of two-thirds of the members present and voting at any regular or special meeting of the Auxiliary, provided that notice of the proposed alteration, repeal, or amendment is contained in the notice of such meeting, which has been emailed (or mailed to those without email service) not less than 14 days in advance of the meeting. No amendment to the Bylaws shall become effective until approved by the Board of Directors of the Auxiliary of Bethesda Hospital, Inc. and the Board of Trustees of Bethesda Hospital, Inc.
Board Affiliations: St. Margaret’s Episcopal School Board of Trustees, Commerce National Bank, N.A. and First American Trust, F.S.B., and Taller San Jose
Rev. Christopher Smith
Fr. Christopher Smith has served as a priest of the Roman Catholic Diocese of Orange for over 31 years. He holds a Masters in Divinity from St. John’s Seminary and a Masters in Religious Education from Fordham University. He has served in a number of capacities in the diocese, including Parochial Vicar, Director of the Office for Religious Education, Vicar for Religious Education, and 15 years as Pastor of St. Joseph Church in Santa Ana. He is a member of the Board of Directors of St. John’s Seminary, the Advisory Board of the Sisters of St. Joseph Education Network, the Advisory Board of the Vatican II Institute, the Board of Directors of Taller San Jose and is the Coordinator of Mission Education for Concern America. He is also the Chairperson of the Editorial Council of The Orange County Catholic. He currently serves as Episcopal Vicar for Priests and Director of the Ministry to Priests Office in the Diocese of Orange.
Universal Break (UB) has been carefully considered across all programs to identify any exceptions, such as programs with stages
It was moved by Annie-Claude and seconded by Sabrina Semaoune that, based on the recommendation of Academic Council at the January 15, 2021 meeting, the Board of Directors approve the proposed 2021-2022 Academic Calendar in its amended form.
3.1. MEMBERS OF THE BOARD OF DIRECTORS
The Board of Directors is made up of 14 members, who in accordance with industry practice do not exercise an executive function within the Bank. Notwith standing this, some of them do exercise managerial duties within the Group, or did so in the past.
transformation initiatives. Her focus has been growth companies where she developed employment brand strategies that helped grow the workforce
exponentially while establishing company reputation as a leading employer of choice.
Both Yahoo and Southwest were listed on the Fortune 100 Best Companies To Work For in America and the Fortune 500 during her tenure. Sartain serves on the Board of Directors of Peet's Coffee & Tea, Inc., (Nasdaq: PEET), the leading super- premium coffee company. She is an adviser/board member to several start-up companies and consults with corporate clients. Sartain also served as chairman of the board of the Society for Human Resource Management in 2001 and was named fellow of the National Academy of Human Resources in 1998. She holds an MBA from the University of North Texas and a BBA from Southern Methodist University. She was named by Human Resources Executive as one of the 25 most powerful women in HR in 2005, and is also the author or co-author of three books on HR and Employer Branding.