Title
Resolution - Approval of Board of Directors’ Travel and Expense Reimbursement Policy - J Rickman/M Butler
Other Info
Submitted By: Julie Rickman
Department: Compliance and Regulatory
Financial Impact and Cost/Benefit Considerations: None
Discussion
Pursuant to the Board’s Policy on Policies, the Board of Directors (“Board”) routinely reviews all Board policies as part of its policy management. Under the Board’s approved review schedule, the Board may now consider review of the Board of Directors’ Travel and Expense Reimbursement Policy (“Policy”).
This Policy was adopted to address how and when members of the Board of Pedernales Electric Cooperative, Inc. (“PEC” or “Cooperative”) are reimbursed, with PEC funds, for travel and other expenses related to PEC business. This includes the reimbursement of expenses incurred by Directors when fulfilling their required education, training, and certifications outlined in PEC’s Bylaws Article 3, Section 2.
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE that pursuant to its regular review of Board policies, the Board has reviewed and adopts the Board of Directors’ Travel and Expense Reimbursement Policy, with such changes, if any, as were approved by the Board; and
BE IT FURTHER RESOLVED that the Chief Executive Officer, or designee, is hereby authorized to take all such action as may be necessary to implement this resolution.