Title
Resolution - Approval of the Appointment of Audit Committee and Audit Committee Chairperson
Other Info
Submitted By: Sylvia Romero for Don Ballard
Department: Legal Services
Financial Impact and Cost/Benefit Considerations:
Expenditure of Cooperative funds estimated in the amount of $0; expenditures of staff time estimated in amount of 0 hours (other than ordinary processing requirements).
Discussion
The Cooperative's Board Committee Guidelines provide that each standing committee of the Board has a chairperson who is appointed annually by the Board President and approved by the Board. Those appointments take place at the first Regular or Special Board Meeting following the Cooperative's Annual Meeting.
On July 15, 2013, the Board voted to dissolve all standing committees except the Audit Committee. The Board may now consider appointment of the Audit Committee and the Audit Committee Chairperson.
The 2017-2018 Audit Committee members are:
• Paul Graf, Committee Chairperson
• Amy Akers, Committee Member
• Randy Klaus, Committee Member
At its Regular Meeting in July, 2018, the Board voted to postpone the selection of officers until its August Board meeting. Consequently, the appointment of members to the Audit Committee and naming of the Chairperson will also occur at the August Regular Board meeting.
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS that Directors Amy Akers, Randy Klaus, and Milton Rister are hereby appointed/reappointed and affirmed as members of the Audit Committee, effective as of August 20, 2018.
BE IT RESOLVED BY THE BOARD OF DIRECTORS that Director Amy Akers is hereby appointed and affirmed as the chairperson of the Audit Committee, effective as of August 20, 2018.