GOVERNANCE
Who are the Board of Directors?
The minimum number of directors required to conduct business.
What is a quorum?
What is a committee?
Who are the members?
The Greater Magnolia Parkway Chamber of Commerce advances economic growth in the community, provides access to resources and advocates for business
What is our Mission?
IRS code section referring to trade associations, business leagues & professional societies.
What is 501(c)6?
A document to protect the organization by recording the time & location of a the meeting, participants & outcome of the motions but are NOT a place to record conversations, assignments or reports.
What are the minutes?
True or False: A draft budget for each event is required by the second meeting and can be adjusted as needed and should be created by the Committee Chair/Shadow.
What is True!
What is six.
In charge of setting committee agendas, running committee meetings, assigning committee tasks and moving progress forward at the committee level.
Who is the Committee Chair.
Disclosed at the start of the term and throughout the year at the beginning of every meeting called to order.
What are conflicts of interest?
Document identifying what must be addressed, limited to the most important issues but should not include committee & staff reports and updates
What is a meeting agenda?
A director assigned to monitor and report via summary on the plan progress.
Who is a Board Liason?
True or False:
Only members can be sponsors and participate in chamber events.
What is false!
Cost of sponsoring monthly event.
What is $200
Who is the President?
A collection of staff and committee reports prepared and circulated in advance to be read by board directors prior to the regular board meeting.
What is a consent agenda?
What is Analysis Paralysis?
Current number of members of our chamber as of today.
What is 325
This occurs when two or more persons from the same industry or profession discuss suppliers, processes, prices or operations and an agreement between them would change how business is conducted.
What is an Antitrust Violation?
D&O Insurance, Indemnification, Volunteer Immunity, Corporate Veil & Orientation
What are provision that protect the board of directors?
True or False: All our records must be released upon request under the provisions of Open Records Laws & Freedom of Information Act?
This arises when a board chair, though not granting actual authority, permits directors or committees to behave as if they have authority.
What is apparent authority?
Has the responsibility to seek out and sign new members.
Who are all Chamber staff and Board Directors.
$10 million
What is the penalty for violation of antitrust rules?