{
  "url": "https://openlegislation.uk/eu-regulation-2014-557/annex/division-6/division-1",
  "json_url": "https://openlegislation.uk/eu-regulation-2014-557/annex/division-6/division-1.json",
  "legislation": "eur/2014/557",
  "legislation_title": "Council Regulation (EU) No 557/2014 of 6 May 2014 establishing the Innovative Medicines Initiative 2 Joint Undertaking (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2014-557",
  "path": "annex/division/6/division/1",
  "kind": "division",
  "number": "1",
  "heading": "Without prejudice to paragraph 2, each Member shall have a percentage out of 100 voting rights corresponding to the percentage of its contribution to the IMI2 Joint Undertaking.",
  "text": "The Union shall hold 50 % of the voting rights. The voting rights of the Union shall be indivisible. Each Member may allocate its voting rights among its representatives in the Governing Board. The Members shall use their best efforts to achieve consensus. Failing consensus, the Governing Board shall take its decisions by a majority of at least 75 % of all votes including the votes of those who are absent.\nThe chairperson of the Governing Board shall be appointed on a rotating annual basis by the Union and the other Members, in turn.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2014/557/annex/division/6/division/1",
    "retrieved_at": "2026-11-01T14:47:38.484255+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}