Board Engagement

Definition:

An engaged, diverse board whose members serve as role models and support NMSDC through well-defined roles and responsibilities.

Implementation Recommendations:

The Initiative Working Committee made the following recommendations to the NMSDC Board of Directors at its annual meeting on October 31, 2012:

  1. Establish an Audit Committee with responsibility for selecting an auditor and subsequently reviewing the auditor's report 
    Current Status: In progress
  2. Re-scope the Finance Committee with the responsibility to recommend annual budgets and monitor financial results
    Current Status: In Progress

  3. Establish a Board Development Committee
    Current Status: In progress

Current Status:

The Implementation Team reviewed the recommendations to determine cost of implementation, feasibility of implementation and timeframe to implement, and presented the findings to the Executive Committee in spring 2013.