The Board shall: (1) develop a public and internal strategic plan that includes: (i) performance goals and measures; (ii) a mission statement and core values; (iii) an analysis of strengths, weaknesses, opportunities, and threats; (iv) action plans; and (v) yearly and long-term goals and objectives; (2) review strategic plans and update the plans annually to measure performance; (3) approve compensation plans for the Chief Executive Officer and employees of the Corporation; (4) designate a person to review and approve expense reimbursements of the Chief Executive Officer and employees of the Corporation in accordance with standards established by the Board; (5) designate a person to receive ethics complaints and any complaints involving the Board, the Chief Executive Officer, and employees of the Corporation; (6) establish policies that govern: (i) severance packages for employees that involuntarily leave employment; (ii) tuition reimbursement and limits for employees; (iii) eligible expense reimbursement requirements that include: 1. the types of expenses that are considered part of Corporation functions; 2. limits on reimbursements and time frames for submission; and 3. allowable travel expenses including any out-of- state travel; (iv) the use of all Corporation equipment, personal property, and real property and whether any property may be transferred to a departing employee; and (v) whistleblower complaints and protections for those filing complaints; and (7) conduct an annual performance review of the Chief Executive Officer.
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