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foundation committee structure
The work of the Chautauqua Foundation is overseen by eight committees which are
empowered by the full board of Directors to act on behalf of the board on select
issues not reserved by the Board: Development Council, Executive, Finance, Audit, Investment, Nominating and Governance, Personnel, and Campaign Cabinet. With the exception of the Development Council which is a joint committee with the Chautauqua Institution,
each committee has a minimum of five voting members, and shall include the chairman, the vice-chairman most senior in service as a vice-chairman, the chief executive officer, the president of the Chautauqua Institution and additional members of the Board. The number of the additional members shall be determined, and shall be elected, by the Board. Meetings of
any committee may be called by the chairman or by two members of the committee.
The Executive committee is chaired by the Chairman of the Board, is empowered to
act on behalf of the corporation in any matter when the board is not in
session, except election of Directors and officers, appointment or termination
of the CEO, or amendment to the by-laws, which powers shall be reserved for the
full board.
The Audit Committee responsibility lies in assisting the Board of Directors in
fulfilling its responsibility to oversee managements conduct of financial reporting and disclosure, system of internal
controls and compliance, compliance with legal and
regulatory requirements, and the independent auditors qualifications,
performance, and independence.
The Finance Committee is responsible for the review and oversight
of the Foundations
audit and finance functions and related communications,
and to recommend to the Foundation Board of Directors policies, guidelines
and objectives based on that review and oversight.
The Investment Committee recommends to the Board policies, guidelines, and
objectives for the deployment of all the financial assets of the Foundation. The
Committee will monitor this deployment on a continuing basis for consistency of
investment philosophy, return relative to objectives, investment risk, and the
performance of the Foundations financial advisors.
The Personnel Committee recommends personnel policies to the Board and monitors
the execution thereof. The committee specifically audits the implementation of the performance
appraisal systems and personnel policies, assists the Board in setting the goals for and reviewing the
performance of the Foundations CEO, serves as an appeal and
review board for Foundation personnel aggrieved by personnel actions of the
CEO, and reviews the personnel policies of the Foundation to
assure that these policies are consistent with the Institutions personnel
policies.
The Nominating and Governance Committee is a standing committee of the
Chautauqua Foundation, Inc. charged with ensuring the effective recruitment and
performance of the Foundations Board of Directors and governance of the
Foundation. The recruiting objective requires the committee to assess on a
continuing basis the skills and characteristics needed on the board, assemble,
maintain, evaluate, and amend a list of potential candidates for nomination, maintain contact with the Nominating Committee of the Board of Trustees Increase
the knowledge base about and cultivate potential candidates, provide appropriate
information and motivation to those requested to consider
nomination for election, nominate candidates to the membership for election and
terms of office, and ensure an appropriate orientation process.
The Development Council is a standing committee of both the
Chautauqua Foundation Board of Directors and the Chautauqua Institution Board of
Trustees and serves as the primary interface between the two organizations on
the issue of philanthropy. Its role is to discuss, evaluate, and recommend policies and actions to the
Chautauqua Foundation and Institution boards on all matters affecting the
philanthropic development of Chautauqua. |
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committee membership and member qualifications
To view the full list of Directors of the Foundation and which committees they sit on, click details
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