| (a) All officers and directors of NPs must receive
a copy of or a link to the department's Land and Water Resources Conservation
and Recreation Plan.
(b) In addition to subsection (a) of this section,
NPs must comply with the best practices regarding officers and directors
as prescribed in this section.
(1) NPs must adopt and maintain a conflict of interest
policy, which includes safeguards to prevent board members or their
families from benefiting financially from any business decision of
the NP.
(2) NPs shall ensure that any compensation paid to
executives or managers is reasonable.
(3) NPs shall not elect or designate or otherwise select
a department employee as an officer or director, other than as a non-voting
uncompensated representative of the department.
(4) NPs shall hold regular meetings of its Board of
Directors.
(5) NPs shall ensure that each board member and/or
director is fully informed of activities and shall provide the following
information to new board members:
(A) articles of incorporation and by-laws;
(B) most recent financial statements;
(C) department rules on NPs and sponsorship; and
(D) current agreements with the department.
|
