Board counsel definition
Examples of Board counsel in a sentence
All parties listed below act as fiduciaries to one or more of the retirement plans, with the exception of Board counsel and certain private fund managers.
The Board must authorize reimbursement to members, Board staff and Board counsel for all reasonable and proper expenses incurred in performing their duties.
On a case-by-case basis, the Executive Director will determine which private fund advisory boards Staff, on behalf of the Board, should join or observe, taking into account the merits and risks of participation including evaluation of the governing documents, in conjunction with Board counsel, to ensure that no express fiduciary role is undertaken.
Such information may also be disclosed to the Board, counsel or third party service providers in the ordinary course of business.
The Chief Legal Officer is authorized to consult, as appropriate, with the Chairman of the Audit Committees of the Board, counsel to the Companies and counsel to the independent Directors/Trustees, and is encouraged to do so.