§ 10-1117
226 words·~1 min read·
/md/economic-development/10-1117A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–1117.
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.