Title
Resolution - Authorizing Exception to Conflict of Interest Policy for Engagement of Outside Counsel
Other Info
Submitted By: Sylvia Romero
Department: Legal Services
Financial Impact and Cost/Benefit Considerations: N/A
Discussion
The Board may consider the engagement of outside legal services for CEO search, recruitment, and employment. The Board may consider an exception to PEC's Conflict of Interest Policy so that qualified counsel may be retained.
Section 5.3 of the Conflict of Interest Policy provides that "The minutes of all Board meetings should record all disclosures, votes, authorizations, and other actions taken under this Policy."
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE ("Board"), that the Board seeks qualified and efficient outside legal counsel for services related to CEO search, recruitment, and employment; and
BE IT FURTHER RESOLVED that the Board authorizes an exception to PEC's Conflict of Interest Policy to engage outside legal counsel for services related to CEO search, recruitment, and employment; and
BE IT FURTHER RESOLVED that the Board President and General Counsel are authorized to take all such actions as needed to implement this resolution.