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UUSC bylaws Article V

ARTICLE V.

STANDING COMMITTEES


Section 1: Purpose

There shall be such standing committees of the Board of Trustees as are necessary to accomplish the work of the Corporation.

Section 2: Standing Committees

The Standing Committees of the Board of Trustees may include, but not be limited to, the following:

  • National Nominating Committee
  • Investment Committee
  • Finance Committee
  • Executive Committee

Section 3: National Nominating Committee (NNC)

The functions of the NNC will be to:

  1. recruit, nominate, and re-nominate candidates for the Board
  2. nominate the candidates for Board officers, which decision shall be taken by the component of current Board members on the NNC, in consultation with the other NNC members;
  3. establish evaluation criteria, monitor, and evaluate current Board members prior to re-nominations
  4. nominate the candidates for the next NNC
  5. obtain Board approval for all nominations

Section 3a: Composition and Tenure

A. The NNC shall be composed of five (5) members of which two (2) will be from the voting members of the Board and two (2) from the Membership at-Large, and one (1) from either voting members of the Board or from the Membership at-Large, to be approved by the Board.

B. At least one of the five (5) members of the NNC shall be a Person of Color.

C. Term of membership shall be two (2) years with possible re-appointment for one additional term.

Section 4: Finance Committee

The function of the Finance Committee shall be to:

  1. select and provide oversight of the public accounting firm and act as an intermediary between the firm and the Board;
  2. work with Administration in developing and proposing a Budget;
  3. review and interpret finance performance against the Budget;
  4. review cash flow projection;
  5. serve as resource to the Administration on financial and business practice areas;
  6. recommend record keeping, accounting, and financial policies to the Board.

Section 5: Investment Committee

The function of the Investment Committee will be to:

  1. manage the investment process for assets of the endowment fund and the deferred giving reserves within the guidelines adopted by the Board;
  2. select investment managers for each portion of the assets and monitor their performance;
  3. develop standards for socially responsible screening of all equity assets selected by investment managers;
  4. report to the Board of Trustees on a regular basis with regard to investment results.

Section 5a: Composition

  1. The Investment Committee shall be comprised of Board members, including the Treasurer and Chairperson of the Finance Committee, and outside investment professionals.

Section 6: Executive Committee

The function of the Executive Committee will be to:

  1. execute all the powers of the Board of Trustees during the intervals between meetings of the Board;
  2. have the full powers of the Board, except for approving annual budgets, approving new board members, hiring the Chief Executive Officer, reversing any Board action or approving any expenditures not previously authorized by the Board.

Section 6a: Composition

  1. The Executive Committee shall be comprised of the officers of the Board of Trustees and two additional Board members appointed by the Board Chair.

Section 7: Chair

The chairs of all standing committees shall be members of the Board of Trustees. They shall be appointed by the Board Chair, subject to the approval of the Board, with the exception of the NNC, to serve for one year, or until their successors are appointed. Chairs of special committees may be made courtesy members (without vote) of the Board of Trustees. Courtesy members are those individuals who possess a special expertise or knowledge needed by the Board to conduct its business through special committees or task forces.

Section 8: Special Committees

The Board Chair shall appoint such special committees as may be required for specific purposes or projects.

Section 9: Committee Responsibilities

Each committee shall review its respective committee responsibilities annually and the Board of Trustees shall approve any recommended revisions.

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