Maryland Code, Economic Development § 10-1117

Current as of January 01, 2025 | Updated by Findlaw Staff

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.

Previous Part of Code Next Part of Code

Back to Chapter List

Cite this article: FindLaw.com - Maryland Code, Economic Development § 10-1117 - last updated January 01, 2025 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-10-1117/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Did FindLaw Help You Understand This Legal Issue?

Make It a Preferred Google Search Source

Add to Google

Latest Blog Posts

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)