§10–1117.

    The Board shall:

        (1)    develop a public and internal strategic plan that includes:

            (i)    performance goals and measures;

            (ii)    a mission statement and core values;

            (iii)    an analysis of strengths, weaknesses, opportunities, and threats;

            (iv)    action plans; and

            (v)    yearly and long–term goals and objectives;

        (2)    review strategic plans and update the plans annually to measure performance;

        (3)    approve compensation plans for the Chief Executive Officer and employees of the Corporation;

        (4)    designate a person to review and approve expense reimbursements of the Chief Executive Officer and employees of the Corporation in accordance with standards established by the Board;

        (5)    designate a person to receive ethics complaints and any complaints involving the Board, the Chief Executive Officer, and employees of the Corporation;

        (6)    establish policies that govern:

            (i)    severance packages for employees that involuntarily leave employment;

            (ii)    tuition reimbursement and limits for employees;

            (iii)    eligible expense reimbursement requirements that include:

                1.    the types of expenses that are considered part of Corporation functions;

                2.    limits on reimbursements and time frames for submission; and

                3.    allowable travel expenses including any out–of–state travel;

            (iv)    the use of all Corporation equipment, personal property, and real property and whether any property may be transferred to a departing employee; and

            (v)    whistleblower complaints and protections for those filing complaints; and

        (7)    conduct an annual performance review of the Chief Operating Officer.