A Minnesota Contract of Board Member is a legally binding agreement that outlines the terms and conditions under which an individual serves as a board member for an organization located in the state of Minnesota. This contract acts as a means to define the rights, responsibilities, and expectations of both the board member and the organization. Key terms to consider when drafting a Minnesota Contract of Board Member include: 1. Roles and Responsibilities: The contract should clearly outline the specific roles, duties, and responsibilities of the board member. This can include attending regular board meetings, participating in strategic planning, overseeing financial matters, and ensuring compliance with legal and ethical standards. 2. Term of Service: The contract should specify the duration of the board member's term, whether it is a fixed term or an indefinite term. In Minnesota, board members are typically elected for specific terms, which could range from one to three years. 3. Meetings and Attendance: The contract should outline the expectations for board meeting attendance, including the frequency of meetings, minimum attendance requirements, and procedures for excused absences. It may also specify the use of technology for remote participation. 4. Board Member Compensation: While many board positions are voluntary, some organizations may provide compensation for board members. The contract should address whether the board member will receive any form of remuneration, such as a stipend or reimbursement for expenses incurred. 5. Conflict of Interest: It is important to address potential conflicts of interest and establish guidelines for disclosure and management. The contract should require board members to act in the best interest of the organization and disclose any conflicts that may arise during their term. Types of Minnesota Contracts of Board Member: 1. General Contract of Board Member: This type of contract outlines the overall responsibilities and expectations for board members serving in various organizations, be it nonprofit, private, or public entities. 2. Nonprofit Board Member Contract: A specialized contract tailored to the unique needs and regulations of nonprofit organizations governed by Minnesota laws such as the Minnesota Nonprofit Corporation Act. 3. Public Board Member Contract: This contract is designed for individuals serving on the boards of public entities such as government agencies, educational institutions, or other publicly funded organizations. It may include additional provisions related to public accountability, transparency, or specific statutory requirements. In summary, a Minnesota Contract of Board Member is a crucial document that establishes the framework for the relationship between a board member and an organization. By addressing key components such as roles, responsibilities, compensation, and conflict of interest, this contract ensures clarity, accountability, and effective governance within the organization.
Minnesota Contract of Board Member
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While ZipRecruiter is seeing salaries as high as $162,803 and as low as $16,383, the majority of School Board salaries currently range between $30,205 (25th percentile) to $75,257 (75th percentile) with top earners (90th percentile) making $120,821 annually in Minneapolis.
Board members can generally be held personally liable for breach of fiduciary duties, particularly in cases involving egregious neglect of the Board member's oversight responsibilities or the receipt of a personal benefit from the organization's assets or resources (sometimes referred to as private inurement).
While ZipRecruiter is seeing salaries as high as $162,803 and as low as $16,383, the majority of School Board salaries currently range between $30,205 (25th percentile) to $75,257 (75th percentile) with top earners (90th percentile) making $120,821 annually in Minneapolis.
In most states, it is the local board that is charged with the responsibility to establish and maintain a basic organizational structure for the local school system, develop curriculum, meet federal and state mandates for public schools, appoint a superintendent and key members of the central office staff, adopt an
Censure is a formal resolution of the Board of Education officially reprimanding one of its members. Censure is an appropriate punitive measure when the violation of law or policy is deemed by the Board of Education to be a serious offense.
Minnesota statutes permit persons who serve on public school boards to receive compensation and reimbursement for expenses incurred while performing school board responsibilities. It is the policy of this district to compensate board members in the amount of $450.00 per month.
Minnesota statutes permit persons who serve on public school boards to receive compensation and reimbursement for expenses incurred while performing school board responsibilities. It is the policy of this district to compensate board members in the amount of $450.00 per month.
According to the National School Boards Association, school board members are typically volunteers who receive no annual compensation.
The board may remove, for proper cause, any member or officer of the board and fill the vacancy; but such removal must be by a concurrent vote of at least four members, at a meeting of whose time, place, and object the charged member has been duly notified, with the reasons for such proposed removal and after an
The most common board member term structure is two consecutive three-year terms. A staggered term system allows a certain number of new members to be chosen each year, preventing no more than one half (preferably one third) of the terms from expiring at the same time.