Common use of Responsibilities of Governing Board Clause in Contracts

Responsibilities of Governing Board. The Governing Board shall a) approve an annual budget and work plan, b) approve any and all indebtedness incurred by XXXX, c) approve the initiation of any litigation by XXXX (not including the authorization of defense brought against MERA or the initiation of a cross-complaint), and d) provide oversight of the Executive Board’s implementation of MERA’s ongoing activities (as set forth in Article V below). In connection with d), the Governing Board retains the ultimate legal authority to undertake any action that state law requires the full governing board to approve and, by majority vote, to direct the Executive Board on a matter or to determine that a task otherwise delegated to the Executive Board shall be handled or reviewed by the full Board.

Responsibilities of Governing Board. The Governing Board shall a) approve an annual budget and work plan, b) approve any and all indebtedness incurred by XXXXMERA, c) approve the initiation of any litigation by XXXX MERA (not including the authorization of defense brought against MERA or the initiation of a cross-complaint), and d) provide oversight of the Executive Board’s implementation of MERA’s ongoing activities (as set forth in Article V below). In connection with d), the Governing Board retains the ultimate legal authority to undertake any action that state law requires the full governing board to approve and, by majority vote, to direct the Executive Board on a matter or to determine that a task otherwise delegated to the Executive Board shall be handled or reviewed by the full Board.