- 1
- It is understood that the term “member of the board of directors” means:
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- a)in the case of the Netherlands a “bestuurder” or a “commissaris”;
- b)in the case of Ukraine a member of any organ which activities or responsibilities are similar to the activities or responsibilities of a board of directors.
- 2
- It is further understood that “bestuurder or commissaris” of a Netherlands company means persons, who are nominated as such by the general meeting of shareholders or by any other competent body of such company and are charged with the general management of the company and the supervision thereof, respectively.