Title
Resolution - Approval to Review and Reaffirm/Amend Audit Committee Charter - P Graf
Other Info
Submitted By: Don Ballard
Department: General Counsel
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 Board's Committee Guidelines require that the Board annually review the charters of all Standing Committees and either reaffirm the charters or amend them. All Board members will be members of each Standing Committee. On July 15, 2013, the Board voted to dissolve all standing committees except the Audit Committee. The Audit Committee charter was last reviewed and approved by the Board on June 17, 2017.
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS that the Board has reviewed the charter of the Audit Committee and adopts amendments to the charter of the Audit Committee as presented to and discussed by the Board this day, with such changes, if any, as were discussed and approved by the Board; and
BE IT FURTHER RESOLVED that the Chief Financial Officer, is hereby authorized and directed to take all such action as may be necessary to effectuate this resolution.