Page 15 of Board Retreat packet, section on Board Governance and Responsibility

Summary -- Exercising Prudence

...• Trustees must use all personal skills they have

...• If trustees are not experts, they are to carefully hire, monitor, and evaluate the experts they rely on. Require degree of education to properly do so.

...• Delegation by trustees to experts is allowed: abdication by trustees is not

...• The ultimate responsibility for everything rests with trustees