Common use of Duties of the Board of Directors Clause in Contracts

Duties of the Board of Directors. The business of the Corporation shall be managed and controlled by a Board of Directors (the “Board”). The Board shall also manage and control all the property of the Corporation and shall represent the Corporation with full power of authority to act for it in all things legal whatsoever. The Board of Directors shall: (1) Act in accordance of this Article and all bylaws; (2) Establish and Review the budget for presentation to the Membership for their consideration and vote; (3) Receive grievances from the Membership and act upon their complaints to the best interest of the Corporation; (4) Review all by-law amendments submitted by the Members; (5) Have the ability to submit by-law amendments; (6) Submit to the Corporation all records belonging to the Corporation which are in their possession upon resignation, retirement, or removal from office; (7) Ensure retention of records of the Corporation’s conduct of business as required by law and as needed for the effective management of the business of the Corporation; (8) Have the ability to hire or co-opt non-voting assistants as required for the effective management of Corporation business and Board meetings; (9) Trustees may be granted reimbursement for any reasonable expenses incurred in the performance of their duties and for any membership dues in other related organizations as approved by the Board.

Appears in 5 contracts

Sources: Bylaws, Bylaws, Bylaws