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sse:charter4

ARTICLE 4

OFFICERS AND STAFF

  1. Officers: The officers of the Company shall consist of (i) a Chair, preferably a former SSE employee, and who shall serve as Chair for a two year renewable term, (ii) a President and Chief Executive Officer (“CEO”), who shall be the current Financial Manager of the ASSU, (iii) a Secretary, who shall be appointed by the CEO, subject to the approval of the Board of Directors, and (iv) any such other officers as shall be determined and appointed by the Board of Directors or by the CEO, with the approval of the Board of Directors, in accordance with this Charter. If no former ASSU Financial Manager is willing to serve as chair, the CEO shall serve as Chair.
  2. Chair: The Chair shall preside over the meetings of the Board of Directors in accordance with this Charter. The Chair shall have the specific powers provided under this Charter and such other powers as may be conferred upon the Chair from time to time by the Board of Directors.
  3. President and CEO:
    1. Subject to the authority of the Board of Directors, the CEO shall have general charge and supervision of the business of the Company.
    2. The CEO shall report to the Board of Directors concerning the business of the Company and, at the request of any Director, shall report to the Directors concerning such aspects of the business of the Company as such Director may specify. The CEO shall present a written report to the Directors at each regular meeting of the Board of Directors.
    3. After consultation with, and subject to the approval of, the Board of Directors, the CEO shall appoint and prescribe the powers and duties of such other officers and employees of the Company as the CEO shall deem appropriate.
    4. The CEO shall have the power to (i) implement the policies and decisions of the Board of Directors, (ii) act within the parameters for investment established by the Board of Directors in accordance with this Charter, and (iii) exercise any authority granted to the CEO under this Charter or otherwise delegated to the CEO by the Board of Directors.
  4. Secretary: The Secretary and any assistant secretary shall have the power to perform the duties described below and such other duties as may be prescribed from time to time by the Board of Directors:
    1. to notify the Directors of the time and place of all meetings of the Board of Directors in accordance with this Charter, to keep a full and fair record of its proceedings, and to furnish to each Director, prior to each meeting of the Board of Directors, a copy of the minutes of the preceding meeting;
    2. to certify as true and complete, copies of this Charter and of resolutions and other actions of the Board of Directors; and
    3. to keep at the office of the Board of Directors a certified copy of this Charter as amended from time to time.
  5. Employee Compensation: All employees of the Company shall be employees of the ASSU; however, determination of such employees' compensation shall be made by the CEO, subject to the approval of the Board of Directors, without reference to other University compensation policies. The Board of Directors shall set the compensation of the CEO.
sse/charter4.txt · Last modified: 2013/11/25 22:42 by assu-editor