Establishment of board of trustee and its function

by • 17/01/2013 • GeneralComments (0)337

Q-2:     Explain the establishment of board of trustee & its function.

Ans:     ESTABLISHMENT OF BOARD OF TRUSTEE [Rule 3]

The company within 2 months after the establishment of the Fund shall:

(a)        Intimate the Federal Government the names, addresses and other particulars of the persons nominated by the company to represent the management on the Board of Trustees.

(b)        Where there is no C.B.A., the company shall hold election of 2 workers as trustees.

(c)        When after election C.B.A. comes into existence, it shall nominate two persons in place of those previously elected.

The trustees shall hold office for 2 years.

The company shall provide the Board office accommodation at its cost.

The company or workers shall fill any casual vacancy as the case may be.

 

FUNCTION OF BOARD [Rule 4]

(a)        Hold annual meetings after working results of the company are available to determine allocation.

(b)        Consider individual cases of forfeiture of shares of workers.

(c)        Appoint executive committee.

(d)        Decide any question through circulation of papers.

(e)        Decide quorum and issue notice of meeting.

(f)         Entrust to secretary the maintenance of office and records of the Board. Some of the sentences are mental academic essays online in http://order-essay-online.net landscapes

Pin It

Leave a Reply