At its regular meeting held in September of each year, the Board of Regents by majority vote shall elect a President and Vice President who shall be members of the Board. The Board by majority vote shall also elect a Secretary and a Treasurer, and may elect an Assistant Secretary, Assistant Treasurer, and such other officers as it may desire, who need not be members of the Board. The President and Vice President shall hold office for one year and until their successors are elected. All other officers of the Board shall hold office during the pleasure of the Board.
The President of the Board shall preside at all meetings of the Board and shall sign all contracts and other written instruments required to be executed by the Board. The President shall have the authority and perform the duties usually attached to the office and shall have such other authority and duties as prescribed by these By-laws, the Standing Orders, and the Board. The President of the Board may also be referred to as Chair of the Board.
The Vice President of the Board shall have the authority and shall perform the duties of the President of the Board in the event of the President's absence or incapacity. The Vice President may have such other authority and duties as prescribed by these By-laws, the Standing Orders, and the Board. The Vice President of the Board may also be referred to as the Vice Chair of the Board.
The Secretary of the Board shall:
| A. | Give notice of all meetings of the Board
in the manner prescribed by applicable law
and these By-laws; |
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| B. | Attend all meetings of the
Board, and make and retain custody of complete
and permanent minutes and records of all
proceedings of the Board; |
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| C. | Be custodian of the permanent records of
all rules and regulations of the Board; |
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| D. | Execute or attest all contracts and other
written instruments required to be signed
by the President of the Board; |
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| E. | Maintain custody of the seal of the University
and affix it to appropriate documents; and |
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| F. | In general, have the authority and perform all duties incident to the office of Secretary and such other authority and duties as prescribed by these By-laws, the Standing Orders, and the Board. |
If an Assistant Secretary is elected by the Board, the Assistant Secretary shall have the authority and shall perform the duties of the Secretary in the event of the Secretary's absence or incapacity, and shall perform such other duties as may be assigned by the Board.
The Treasurer of the Board shall:
| A. | Be responsible to the Finance,
Audit and Facilities Committee for recommending,
developing, and analyzing policy and procedures
relating to the investment of endowments,
gifts, and bequests, other non-appropriated
funds, and other funds in excess of immediate
needs of the University of Washington; |
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| B. | Attend meetings of the Finance, Audit and
Facilities Committee as an ex officio member
without vote and participate in the preparation
of agendas for such meetings; and |
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| C. | Report to the Finance, Audit and Facilities Committee and the Board from time to time on matters pertaining to the Consolidated Endowment Fund and other gift funds. |
If an Assistant Treasurer is elected by the Board, the Assistant Treasurer shall have the authority and shall perform the duties of the Treasurer in the event of the Treasurer's absence or incapacity, and shall perform such other duties as may be assigned by the Board.
BR, October 27, 1995; October 17, 1997; January 20, 2005; March 17, 2005.