1. (1) develop a public and internal strategic plan that includes:

   1. (i) performance goals and measures;
   2. (ii) a mission statement and core values;
   3. (iii) an analysis of strengths, weaknesses, opportunities, and threats;
   4. (iv) action plans; and
   5. (v) yearly and long-term goals and objectives;
2. (2) review strategic plans and update the plans annually to measure performance;
3. (3) approve compensation plans for the Chief Executive Officer and employees of the Corporation;
4. (4) designate a person to review and approve expense reimbursements of the Chief Executive Officer and employees of the Corporation in accordance with standards established by the Board;
5. (5) designate a person to receive ethics complaints and any complaints involving the Board, the Chief Executive Officer, and employees of the Corporation;

6. (6) establish policies that govern:

   1. (i) severance packages for employees that involuntarily leave employment;
   2. (ii) tuition reimbursement and limits for employees;

   3. (iii) eligible expense reimbursement requirements that include:

      1. 1. the types of expenses that are considered part of Corporation functions;
      2. 2. limits on reimbursements and time frames for submission; and
      3. 3. allowable travel expenses including any out-of-state travel;
   4. (iv) the use of all Corporation equipment, personal property, and real property and whether any property may be transferred to a departing employee; and
   5. (v) whistleblower complaints and protections for those filing complaints; and
7. (7) conduct an annual performance review of the Chief Executive Officer.

The Board shall:

Added by Acts 2024, c. 123, § 1, eff. July 1, 2024. Amended by Acts 2025, c. 142, § 1, eff. April 22, 2025.