Title
Draft Resolution - Review and Approval of Capital Credits Policy - J Davis
Other Info
Submitted By: Robyn Miller on behalf of John Davis
Department: Chief Financial Office
Financial Impact and Cost/Benefit Considerations: None
Discussion
Pursuant to the Board’s Policy on Policies, the Board routinely reviews all policies as part of its policy management. Under the Board’s approved review schedule, the Board may now consider review of the Capital Credits Policy. The Policy was placed into new format. No other substantive changes are drafted.
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 Capital Credits Policy 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 Executive Officer, or his designees, are hereby authorized to take all such action as may be necessary to implement this resolution.