Title
Draft Resolution - Review and Approval of Equity Management Plan Policy - K Jones
Other Info
Submitted By: Kat Jones
Department: Finance
Financial Impact and Cost/Benefit Considerations:
Discussion
Pursuant to the Board’s Policy on Policies, the 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 Equity Management Plan Policy.
The purpose of the Equity Management Plan Policy is to document the intent of the Board of Directors to continue maintaining a financially healthy Cooperative through equity stabilization.
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS that pursuant to its regular review of Board policies, the Board has reviewed and adopts the Equity Management Plan Policy, with such changes, if any, as were approved by the Board; and
BE IT FURTHER RESOLVED that the Chief Executive Officer, or designees, are hereby authorized to take all such action as may be necessary to implement this resolution.