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