HomeMy WebLinkAbout4.0 Board Policy 306, Corporate Services Contracts
BOARD POLICY
306 – Corporate Services Contracts
I. OBJECTIVE(S)
A. To establish procedures for soliciting and retaining certain formal services for the
Cooperative.
II. POLICY CONTENT
A. Formal corporate services agreements for legal services, financial auditing services, and
insurance services should not exceed three years in duration.
B. The Board of Directors shall review the agreement and vendor performance prior to the
expiration of the contract.
C. To the extent possible, corporate services agreement expiration dates during the same
calendar year shall be kept to a minimum.
III. RESPONSIBILITY
A. The General Manager is responsible for ensuring compliance with this policy.
February 12, 2013
DATE BOARD PRESIDENT
POLICY HISTORY
Date Adopted: May, 2004
Reviewed Dates: 05/06; 04/08; 06/10; 01/13; 02/13
Revision Dates: 05/06; 04/08; 06/10; 02/13
DOCUMENT REFERENCE(S)
Board Policy 301, Corporate Banking
Management Directive 305, Purchasing Authority and Definitions
BP 306, Page 2 of 2
Management Directive 306, Procurement Procedures
HEA Forms: 0132 & 0132A, Purchase Requisition