Page 47 - 2025 April Report
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Board of Directors’ meeting minutes (draft) (9)
4. Compensation
Since the Board Chair service requires additional commitment, the GNC believes that additional compensation should be considered. The range is to be determined by the Compensation Committee.
The GNC believes that since Board Chair service requires more of a time commitment than typical Committee Chair service, the Board Chair should receive more than regular paid Committee Chair compensation.
5. ProcessforInterruptedTerm
In the event that the Board Chair cannot continue to serve for a full term and is for any reason unable to recommend a successor, the GNC in consultation with the CEO will recommend a successor Board Chair to the Board to complete the current term.
Officer Selection
1. Selection Process
The Board Chair in consultation with the CEO will recommend Officers annually to the Board
at the March Board meeting.
2. Qualifications
Officers must be active Directors
3. Terms
a. 1-year term b. Renewable
4. ProcessforInterruptedTerm
a. The Board Chair in consultation with the CEO will recommend a successor Officer to
the Board to complete the current term.
b. If there is a lack of consensus between the Board Chair and the CEO, the matter will be taken to the GNC for submission of a recommendation to the full Board.
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