Common use of Board of Directors Composition Clause in Contracts

Board of Directors Composition. The governing authority of the SCHOOL is the Findlay Digital Academy Board of Directors, which hereby assumes all of the obligations of the SCHOOL hereunder. The Board of Directors shall have a primary interest in furthering the educational, financial and operational success of the SCHOOL. Membership on the Board of Directors shall be determined consistent with the SCHOOL’s Code of Regulations, but shall exclude any person prohibited from membership on the Board of Directors by Revised Code Chapters 102 or 3314, or R.C. Sections 2921.42 -.44. A description of the process by which the Directors shall be selected and removed in the future must be in the Code of Regulations included in Exhibit 1, Part C. The SPONSOR shall be promptly notified in writing of any changes in members, including names of resignations and changes to contact information, within five (5) business days of such change. No Director may serve if restricted from doing so by Ohio Revised Code 3314.02(E) or any other applicable law, rule or regulation. All Directors must provide a signed Conflict of Interest Disclosure Form to the SPONSOR as soon as feasible following the Board member’s appointment and on an annual basis. All Directors shall have clean BCI and FBI criminal background checks in accordance with R.C. 3319.31, which must be renewed every five years unless the Director has lived in Ohio for the past five (5) years in which case only a BCI check must be repeated. The School shall provide confirmation that results are clean before the expiration of the previously completed background check, and must provide the Sponsor copies of criminal records checks available for viewing only within a reasonable period of time upon demand. SPONSOR agrees to keep the BCI and FBI checks and the information contained therein strictly confidential and not to share with any third parties except for its legal counsel. Directors must complete training on an annual basis by the SCHOOL’s legal counsel, by a state agency, or by a trainer approved by the SPONSOR regarding public records and open meetings, and if required by SPONSOR pursuant to an issue identified by the SPONSOR, ethics and conflicts laws. The SCHOOL shall provide the names the current Board of Directors members on the SCHOOL’s website. Upon request, the Sponsor shall also have access to the names electronic mail addresses of the Directors.