§ 646 - Board of directors - Vermont Statutes

§ 646. Board of directors

(a) The Vermont film corporation shall be governed and all of its powers exercised by a board of directors consisting of at least seven members. The governor shall appoint two members, the Vermont council on the arts shall appoint two members, and the appointees of the governor and the council shall jointly appoint at least three additional members at least one of whom shall be a member of the Vermont business community. The governor and the council shall ensure that the membership of the board includes geographic representation of all regions of the state. Vacancies on the board shall be filled in the same manner as the original appointment.

(b) The board shall:

(1) Adopt bylaws for the corporation, including provisions relating to the terms of board members.

(2) Be authorized to appoint an executive director and such clerical assistance as it deems advisable and fix their compensation and prescribe their duties.

(3) Serve without compensation except for expenses actually and necessarily incurred by them in the performance of their duties.

(4) Hold regular meetings and such special meetings as it deems necessary at which a majority of the directors shall constitute a quorum for the transaction of any business unless the bylaws of the corporation require a larger number.

(5) Have the authority to adopt rules, not inconsistent with law, to carry out the purposes of this chapter. (Added 1995, No. 190 (Adj. Sess.), § 7.)