The Vietnam Education Foundation 2011 Annual Report
The Vietnam Education Foundation 2011 Annual Report
The Vietnam Education Foundation 2011 Annual Report
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Page 44 <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong><br />
2. <strong>The</strong> Board may authorize such committees to take specific action upon matters within<br />
the competence of the Board.<br />
3. <strong>The</strong> Chairperson of a Board committee is appointed by the Chairperson of the Board and<br />
serves for the duration of his or her term.<br />
VII.<br />
Standing Committees<br />
A. Finance Committee. <strong>The</strong> VEF Finance Committee is a regular standing committee,<br />
consisting of up to six Board members: up to four Board members who are presidential<br />
appointees and who are recommended by the Chair of the Board and appointed by a<br />
majority vote of the Board, and up to two board members representing the cabinet federal<br />
agencies. Members of the Finance Committee continue to serve on the Finance<br />
Committee during their tenure on the Board. <strong>The</strong> Finance Committee serves the Board by<br />
considering issues in depth that involve the VEF budget, audit, and other financial<br />
matters. <strong>The</strong> Finance Committee, which works on consensus, presents to the full Board<br />
its recommendations. <strong>The</strong> chairman of the Board may not concurrently serve as the chair<br />
of the Finance Committee.<br />
B. Fundraising Committee. <strong>The</strong> VEF Fundraising Committee is a regular standing<br />
committee, consisting of up to three Board members: up to two Board members who are<br />
presidential appointees and who are recommended by the Chair of the Board and<br />
appointed by a majority vote of the Board, and one member representing the cabinet<br />
federal agencies. Members of the Fundraising Committee continue to serve on the<br />
Fundraising Committee during their tenure on the Board. <strong>The</strong> Fundraising Committee<br />
serves the Board by considering how to raise additional funds through donations and<br />
from grants. <strong>The</strong> Fundraising Committee, which works on consensus, presents to the<br />
Finance Committee and to the full Board its recommendations. <strong>The</strong> chairman of the<br />
Board may not concurrently serve as the chair of the Fundraising Committee.<br />
VIII. Officers<br />
1. <strong>The</strong> voting members of the Board shall elect a Chairperson from among those members<br />
appointed by the President, as stated in Sec. 205(c) of the Act. <strong>The</strong> Chairperson shall<br />
serve as the Presiding Officer of the Board.<br />
2. <strong>The</strong> Chairperson shall be elected by majority vote of the voting members of the Board for<br />
the duration of his or her term.<br />
3. No member shall serve more than three consecutive years as Chairperson.
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