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Composition. The Board of Directors shall consist of no fewer than 10 and no more than 15 Directors, including the seven Officers enumerated in Article IX, paragraph 1, and up to eight Directors who are not Officers.
General Powers. The Board of Directors shall exer¬cise overall direction and control over the affairs of the Association including the formulation of As¬sociation program and policies.
Responsibilities of the Board of Directors
(a) Understand the purpose of the organization and have general knowledge of how the organization is functioning. Assure adherence to the purposes of the organization and monitor effectiveness in achieving results and compliance with the Articles of Incorporation, Bylaws and tax exempt status.
(b) Set organizational goals and policy; oversee its administration by competent staff. Review, adopt and monitor long-range and annual plans and budgets. Review regular financial reports. Ensure timely completion of annual audits and filing of required tax returns.
(c) Provide for competent legal counsel to assure compliance with applicable local, state and federal laws, including timely filing of reports and meeting procedures.
(d) Appoint and regularly review the performance of the President.
(e) Assure a personnel program that provides competent staff. Assure that staff compensation and professional consulting fees are reasonable.
(f) Ensure adequate financial resources to conduct the Association’s activities.
(g) Provide for regular meetings of the Board and its committees with adequate reports on – and discussion of – organizational activities.
(h) Provide for prudent and sound investment and management of Association funds and assets not expended directly for charitable purposes, to yield a reasonable return without undue risk.
(i) Protect the Association’s property, including reasonable provision for safekeeping, replacement and divestment procedures that will benefit the organization.
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