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The corporation's name might consist of its governing board members' title (for example, The Trustees of Princeton University is a New Jersey nonprofit corporation). These board members (trustees, regents, etc.) are fiduciaries for the corporation. In some cases, the institution might not have separate legal personhood; the trustees transact in ...
Duties of the board include adopting the annual budget, serving as a board of finance and approving township contracts. In January of each year, the trustee presents to the board an annual report showing the receipts, expenditures, investments and debts of the township. The approved report is then published in local papers for public inspection.
Trustees are generally held to a "prudent person" standard in regard to meeting their fiduciary responsibilities, though investment, legal, and other professionals can, in some jurisdictions, be held to a higher standard commensurate with their higher expertise. [13]-Trustees can be paid for their time and trouble in performing their duties ...
A township trustee or a town trustee is an official with authority who is elected over civil township government. The role of a trustee, or board of trustees, may involve helping the poor with basic necessities, provided that they have exhausted all other options of support. [ 1 ]
AGB believes that board assessments or self-examinations help establish a clearer understanding of members’ primary roles and responsibilities, develop a consensus on objectives and plans to improve the board, and help clarify the performance expected by all board members. [44] These assessments should be completed annually. [44]
A board of directors is an executive committee that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws ...
A Meeting of the School Trustees by Robert Harris. A board of education, school committee or school board is the board of directors or board of trustees of a school, local school district or an equivalent institution. [1] [2] [3] The elected council determines the educational policy in a small regional area, such as a city, county, state, or ...
Florida State University Board of Trustees 216 Westcott Building Formation 2001 Type Governing Board Headquarters Tallahassee, Florida Location United States Chair Peter Collins Website Official website The Florida State University Board of Trustees (BOT) is the governing body of Florida State University and a member of the State University System of Florida. The university is located in the ...