Governance and Organization

Contents


ACADEMIC COUNCIL ............................................................................................................................ 3
ADMINISTRATIVE ORGANIZATION ................................................................................................. 3
AUTHORIZED SIGNERS ......................................................................................................................... 4
BOARD DISCRETION .............................................................................................................................. 4
BOARD OF TRUSTEES ............................................................................................................................ 5
Authority of Members ............................................................................................................................ 5
Authorization........................................................................................................................................... 5
Characteristics......................................................................................................................................... 5
Conflict of Interest .................................................................................................................................. 5
Duties........................................................................................................................................................ 5
Election .................................................................................................................................................... 6
Handling of Complaints ......................................................................................................................... 6
Legal Counsel .......................................................................................................................................... 7
Oath or Affirmation of Officer or Employee ........................................................................................ 7
Officers ..................................................................................................................................................... 7
Remuneration .......................................................................................................................................... 8
Vacancies ................................................................................................................................................. 8
BOARD OF TRUSTEES MEETINGS ..................................................................................................... 8
CATEGORIES OF PERSONNEL .......................................................................................................... 11
CHECK SIGNING.................................................................................................................................... 11
DEBT MANAGEMENT .......................................................................................................................... 12
FACILITIES AND NAMING GUIDELINES ........................................................................................ 20
FINANCIAL COMPLIANCE ................................................................................................................. 21
MERGER OR CONSOLIDATION ........................................................................................................ 23
ORGANIZATIONAL STRUCTURE ..................................................................................................... 24
PRECEPTORSHIP AGREEMENTS ..................................................................................................... 24
PRESIDENT.............................................................................................................................................. 25
RECORDS RETENTION ........................................................................................................................ 27
RESERVE FUNDS ................................................................................................................................... 34
SELECTION OF ADMINISTRATORS ................................................................................................. 36
UNCOLLECTABLE DEBT WRITE-OFF ............................................................................................ 37
WEBSITE USER PRIVACY ................................................................................................................... 39
APPENDIX ................................................................................................................................................ 41