22VAC40-100-50. Governing board.
Each child caring institution sponsored by a corporation shall be governed and controlled by a governing board.
1. The governing board shall meet not less than quarterly.
2. The governing board shall be made up of no less than three members, a president, secretary-treasurer, and a member-at-large with additional membership according to size and function of the institution. It shall be large enough to be representative of a variety of interests and experience and the geographical area which it serves without being too large for smooth functioning.
3. The responsibility of the governing board shall be as follows:
a. To establish policies under which the institution is to operate;
b. To assure that the institution functions according to its defined purpose and that the program is conducted in conformity with official regulations and standards;
c. To maintain a budgeting and financing system whereby sound financial structure is maintained.
4. The governing board shall delegate administrative responsibility within established policies to the executive for the administration of the institution's program.
5. Membership shall be elected in accordance with bylaws and accepted practice.
Statutory Authority
§§ 63.2-217 and 63.2-1734 of the Code of Virginia.
Historical Notes
Derived from VR615-24-01 §IIA, eff. November 22, 1972; amended, eff. July 1, 1981, eff. February 1, 1984, eff. May 1, 1984, eff. July 1, 1984.