Duties of Board of Directors. All corporate powers of the Corporation shall be exercised by or under the authority of its Board of Directors; the business and affairs of the Corporation shall be managed under the direction of its Board of Directors. The Board of Directors shall appoint a Chairman, who shall preside at meetings of the Board of Directors and of the stockholders and who shall exercise the usual powers pertaining to that office. The Chairman of the Board shall not be an officer of the Corporation.
Duties of Board of Directors. During the term of the Member's employment, the Member shall serve as a member of the Board of Director's and, in so doing, shall perform normal duties and responsibilities associated with such position, including, without limitation, working with the other members of the Board of Director's to plan the development of the Company's philosophy and structure, growth plan and strategic alternatives, develop financing sources, evaluate the Company's capital structure and recommend any appropriate changes, serving as liaison with and otherwise managing the Company and its relationship with members of the CWA local unions, and carrying out such other or different duties as may be assigned him by the other members of the Company's Board of Director's. During the term of this Agreement, Member shall devote so much of his business time and attention to the business and affairs of the Company as he, in his sole discretion, deems appropriate, subject to the general direction, approval and control of the Board of Director's.
Duties of Board of Directors
