"This mendacity was a clear and deliberate attempt to hide the source of the donations
by the Board President and the Chair of the Curriculum Committee to further ensure that Dover students received a creationist alternative to Darwin's theory of evolution.
The proposed transaction may not be consummated before the fifteenth calendar day after the effective date of this order, or later than three months after the effective date of this order, unless such period is extended for good cause
by the Board or the Federal Reserve Bank of Chicago, acting pursuant to delegated authority.
He accused Bolin of acting in bad faith, and stated that her actions suggest strongly that her "principal purpose was not to discuss a point of difference with the Association and its Board, but to attack the organization itself." He stated further that the fact that Bolin released her letter of resignation to the press prior to its receipt
by the Board of Directors "indicates it was not written to protest a difference of opinion, but was deliberately calculated to attack and injure the National Association for the Advancement of Colored People." (61)
Annual dues for all categories of membership shall be due as determined
by the Board of Directors.
The bylaws were amended to state that officer vacancies shall be filled by the chair of CalCPA, subject to approval
by the Board of Directors.
Perform such functions of the Board as may be delegated to it
by the Board. 2.
"If a woefully wrong-headed or ill-advised decision is taken
by the board which leads to monetary damages, the best defense for any board member is a no-vote recorded in the corporate minutes," writes attorney Anthony Mancuso in How to Form a Nonprofit Corporation (Nolo Press, 1990).
The second type calls for civilian investigators selected
by the board to conduct the inquiry, with the board making the decision.
Aramony's salary and benefits had been set annually
by the board. His travel and expense records were periodically available for board review, along with every other piece of relevant information about the management of United Way of America.
The resolution will not be easy, for it involves fundamental issues relating to how assets are defined
by the Board's conceptual framework.
In the absence of prior written approval
by the Board, and by any other Federal financial institution regulatory agency where necessary pursuant to section 8(e)(7)(B) of the Act (12 U.S.C.
firm is deemed to have (1) consented to supplying the audit workpapers of the foreign firm in response to a request
by the board or SEC and (2) secured the agreement of the foreign firm to such production as a condition of its reliance on the opinion.
"We are carefully scrutinizing the curriculum passed
by the board and watching how local districts implement the guidelines.
AT&T's succession struggle is just another case where the important duty of management succession was handled ineptly
by the board of directors.