Humboldt State University Sponsored Programs Foundation
HSUSPF 2004-BOD 001
Revision #1 - 28 September 2006
RESOLUTION ON THE MEMBERSHIP OF THE EXECUTIVE COMMITTEE
WHEREAS, The Bylaws of the Humboldt State University Sponsored Programs Foundation (HSUSPF) establish the Executive Committee and its responsibilities, and authorize the Board of Directors to design its membership through a resolution; therefore, be it
RESOLVED: That the Board of Directors of HSUSPF appoint the Executive Committee composed of the President, Vice President, Secretary, Treasurer, Chair of the Finance Committee, and Chair of the Personnel Committee, and any other Director that the Board of Directors may establish from time to time by resolution only if the authorizing resolution specifically states that the Director shall be a member of the Executive Committee; and be it further
RESOLVED: That the Board of Directors of HSUSPF formed on 10 March 2005 an Audit Committee whose membership shall be comprised of the members of the Executive Committee excluding the HSUSPF President and Treasurer and including the HSU Internal Auditor. The Audit Committee will be responsible for: retaining Independent Auditors, setting the Independent Auditors compensation, confer with the Independent Auditor in order to assure that the financial affairs of the organization are in order, and review and approve the audited financial report.
RESOLVED: That the President report all activity of the Executive Committee of HSUSPF to the Board of Directors at the earliest possible time, no later than the next regular or special meeting of the Board of Directors after the activity.