Md. Code Ann., Econ. Dev. § 10-903
Board of Directors
Effective Oct 1, 2017Added by Acts 2015, c. 141, § 2, eff. Oct. 1, 2015. Amended by Acts 2016, c. 338, § 1, eff. July 1, 2016; Acts 2017, c. 631, § 1, eff. Oct. 1, 2017.State of Maryland
- (a) A Board of Directors shall manage the Corporation and its units and exercise the corporate powers of the Board of Directors.
(b) The Board consists of the following 17 members:
- (1) the Secretary;
(2) (i) one member of the Senate of Maryland, who shall be a nonvoting member of the Board, designated by the President of the Senate; and
- (ii) one member of the House of Delegates, who shall be a nonvoting member of the Board, designated by the Speaker of the House; and
(3) the following 14 members, appointed by the Governor with the advice and consent of the Senate:
- (i) three representing businesses in the State;
- (ii) two representing labor in the State;
- (iii) two representing nonprofit organizations in the State;
- (iv) three with expertise in marketing or advertising;
- (v) one with expertise in public relations and communications; and
- (vi) three with expertise in economic development.
- (c) Each member of the Board shall reside in the State.
- (d) In making appointments to the Board, the Governor shall consider diversity and all geographic regions of the State.
(e) A member of the Board:
- (1) may not receive compensation as a member of the Board; but
- (2) is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.
(f)
- (1) The term of an appointed member is 4 years.
- (2) The terms of the appointed members are staggered as required by the terms provided for members on October 1, 2015.
- (3) At the end of a term, an appointed member continues to serve until a successor is appointed and qualifies.
- (4) A member who is appointed after a term has begun serves only for the rest of the term and until a successor is appointed and qualifies.
- (g) The Governor may remove an appointed member for incompetence, misconduct, or failure to perform the duties of the position.
- (h) The Board shall elect a chair from among the members of the Board.
- (i) The Board may act with an affirmative vote of nine board members.
Added by Acts 2015, c. 141, § 2, eff. Oct. 1, 2015. Amended by Acts 2016, c. 338, § 1, eff. July 1, 2016; Acts 2017, c. 631, § 1, eff. Oct. 1, 2017.