199.07 Duties of directors.
210 words·~1 min read·
/wi/chapter-199/199-07-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
199.07 Duties of directors. The board shall have the following duties:
(1)To establish the policy of the corporation regarding appearances before regulatory agencies, legislative bodies and other public authorities, and regarding other activities which the corporation has the authority to perform under this chapter.
(2)To employ an executive director under s. 199.075 who shall have the following powers and duties, subject at all times to the direction and supervision of the board:
(a)To implement the policy established by the board under sub.
(1).
(b)To employ and discharge employees of the corporation.
(c)To supervise the offices, facilities and work of the employees of the corporation.
(d)To have custody of and maintain the books, records and membership rolls of the corporation under this chapter.
(e)To prepare and submit to the board annual and quarterly statements of the financial and substantive operations of the corporation, and financial estimates for the future operations of the corporation.
(f)To attend and participate in meetings of the board as a nonvoting director.
(g)To file annually with the board a current financial statement which includes the information required under s. 199.12
(4).
(h)To exercise such other powers and perform such other duties as the board delegates.