Title
Draft Resolution - Approval of Directors Compensation Policy - D Ballard
Other Info
Submitted By: Renee Oelschleger for Don Ballard
Department: General Counsel
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 Directors Compensation Policy. The purpose of this policy is to set compensation for the members of PEC's Board of Directors.
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 Directors Compensation 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 authorized to take all such actions as may be necessary to implement this resolution.