Each Governor is appointed to a nine-year term or to the remainder of an unexpired term created by the death or resignation of a sitting Governor. Terms of the Governors are staggered to expire each year on December 8. A Governor whose term has expired may continue to sit on the Board for up to one year until a successor has been appointed. No more than five of the nine Governors may be of the same political party.
The Board generally meets once a month. Each January, the Governors elect a Chairman and a Vice-Chairman. Three standing committees--Audit and Finance, Capital Projects, and Strategic Planning--meet regularly during the year to consider matters within their area of responsibility and refer items to the full Board for consideration.
Presidentially appointed members:
Nacd Welcomes Broad Range of New Full Board Member Companies Conocophillips, Corning, Foot Locker, the Hershey Co., Panera Bread and Phillips66, among Others, Join Nacd
Jul 17, 2012; WASHINGTON D.C. -- The following information was released by the National Association of Corporate Directors (NACD): Continuing...