§ 10-1117

Maryland § 10-1117

• Jurisdiction: Maryland
• Article gec: Economic Development
• Title: 10

Text

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.