Common use of Governance and Operation Clause in Contracts

Governance and Operation. The operation of the governing board of the Charter School shall be as set forth in this paragraph. i. The governing board of the Charter School shall consist of no fewer than five (5) members as of December 31, 2014, and shall consist of no fewer than seven (7) members as of April 15, 2014 and thereafter. ii. No more than one (1) member of the governing board shall be employed by or be otherwise compensated by the Charter School. iii. No more than one (1) member of the governing board shall be employed by the management company (if any) operating the Charter School. iv. Membership and composition of the governing board shall be subject to and at all times shall operate in compliance with the by-laws of the Charter School and the Illinois Open Meetings Act. v. Members of the governing Board of the Charter School shall have duties and responsibilities consistent with the Illinois General Not-For-Profit Corporation Act of 1986, and as stated in the Agreement or the Application. vi. Members of the governing board of the Charter School shall provide responsible stewardship and shall meet all legal and ethical obligations. vii. The governing board shall hold meetings at least four times per year at a date, time, and place which is convenient to the public of Winnebago and Xxxxx Counties, Illinois; and shall issue appropriate notice of said meetings in accordance with the time and publication requirements of the Illinois Open Meetings Act. viii. Appropriate notice must be given for meetings of any committee (e.g., executive, finance, personnel, development, and audit committees) or advisory board at which the business of the Charter School may or will be discussed. ix. In order to conduct business, the Charter School must have a quorum, which is defined as a majority of a quorum of the members of the governing board. To the extent an act of the Charter School requires a vote by its board members, such act shall require an affirmative vote of the quorum of the board members.

Governance and Operation. The operation of the governing board of the Charter School shall be as set forth in this paragraph. i. The governing board of the Charter School shall consist of no fewer than five (5) members as of December 31, 2014, and shall consist of no fewer than seven (7) members as of April 15, 2014 and thereaftermembers. ii. No more than one (1) member of the governing board shall be employed by or be otherwise compensated by the Charter School. iii. No more than one (1) member of the governing board shall be employed by the management company (if any) operating the Charter School. iv. Membership and composition of the governing board shall be subject to and at all times shall operate in compliance with the by-laws of the Charter School and the Illinois Open Meetings Act. v. Members of the governing Board of the Charter School shall have duties and responsibilities consistent with the Illinois General Not-For-Profit Corporation Act of 1986, and as stated in the Agreement or the Application. vi. Members of the governing board of the Charter School shall provide responsible stewardship and shall meet all legal and ethical obligations. vii. The governing board shall hold meetings at least four times per year at a date, time, and place which is convenient to the public of Winnebago and Xxxxx Counties, Illinois; and shall issue appropriate notice of said meetings in accordance with the time and publication requirements of the Illinois Open Meetings Act. viii. Appropriate notice must be given for meetings of any committee (e.g., executive, finance, personnel, development, and audit committees) or advisory board at which the business of the Charter School may or will be discussed. ix. In order to conduct business, the Charter School must have a quorum, which is defined as a majority of a quorum of the members of the governing boardmembers. To the extent an act of the Charter School requires a vote by its board members, such act shall require an affirmative vote of the quorum of the board members.