5.2 BOARD OF DIRECTORS RESPONSIBILITIES

SECTION 5.2:

Board of Directors Responsibilities

The Board of Directors as a whole is responsible for the stewardship of the Society and:

  • Supervises the management of the affairs of the Society.
  • Undertakes to act honestly and in good faith with a view to the best interests of the Society and the community.
  • Exercises the degree of care, diligence and skill that a reasonably prudent person would in comparable circumstances.
  • Acts in accordance with its obligations contained in the Society’s constitution, by-laws, and Board and Members resolutions.
  • Considers the following matters as a Board and does not delegate them to a committee:
  • Any submission to the members of a question or matter requiring the approval of the members of the Kamloops Sports Legacy Fund Society.
  • The filling of a vacancy among the directors or the appointing of additional directors.
  • Approval of the annual budget and financial statements of the Society.
  • Appointment and reconfirmation of the Executive Director.
  • Approval of the job description or code of conduct for the Executive Director.
  • Approval of a succession plan for the replacement of key personnel.