The governing body of Nolef Turns Inc. is the Board of Directors, which has all powers of governing and directing, and of overseeing the management of the business and affairs of the organization. The corporate governance principles of Nolef Turns Inc. are found in the Articles of Incorporation and a series of documents adopted by the Board of Directors and reviewed periodically to ensure they continue to meet the needs of the organization and reflect current industry best practices.
In 2015, our Articles of Incorporation and Bylaws were unanimously created and signed off on by our Founding Board. All changes are discussed at Board Meetings and signed off on by the Board Chair prior to adoption.
STRUCTURE AND MEMBERSHIP OF THE BOARD OF DIRECTORS
We aim to have a clear oversight and strategic role for the Board by following policies that include transparency for our Board, Members, Sponsors, Clients, and the General Public.
- Board membership ranges from 5 to 15
- Requirements for membership are uniform and follow best practices for corporate boards
- The selection of members of the board are accomplished through the Governance and Board Development's recommendation of the full Board and final approval at the annual year end meeting of Nolef Turns Inc.
Governance procedures provide clear guidance about expectations and enhance Board and individual Board member performance.
FINANCIALS AND REPORTING