RNC Internal Good Governance Resolution

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Text of the Resolution as Adopted (PDF):

• Resolution in Support of Good Governance - Adopted by the RNC on July 31, 2009

Text of the Resolution as Proposed:

RESOLUTION IN SUPPORT OF GOOD GOVERNANCE

WHEREAS, The RNC is subject to  applicable Federal Law and to the rules and regulations promulgated by the Federal Election Commission and must accurately report receipts and expenditures on a monthly basis that are in compliance with FEC reporting requirements and Federal Law and present its financial position as true, correct and complete; and

WHEREAS, it is not always possible to assemble the RNC or the Executive Committee on a timely basis to authorize specific actions by the Chairman with respect to authority to sign certain contracts, agreements or disbursement authorizations which contractually bind the Committee; and

WHEREAS, the duly elected members of the RNC have a duty to provide for good governance as well as proper financial checks and balances within the RNC and further desire to provide oversight in connection with contracts and agreements;

NOW THEREFORE, BE IT RESOLVED,

That the Chairman is hereby authorized and directed, for and on behalf of and in the name of the RNC, to enter into such contracts and agreements, to execute such other documents, and to take such actions on behalf of the RNC as are deemed necessary by him, in his sole discretion, to carry out and effectuate the terms of such contracts or other agreements provided, however, that:

1. Any such contract or agreement which may, by its terms, create financial obligations of the RNC in the amount of or in excess of $100,000, shall be approved by the Executive Committee or the Treasurer when the Executive Committee is not meeting ; and

2. Such aforementioned contracts or agreements creating an obligation in the amount of or in excess of $100,000 shall require competitive bidding. If it is not practical to obtain three competitive bids or three bids cannot be obtained exemption from this requirement shall require the authorization of the Treasurer; and

3. Any contract or agreement to borrow money or obtain credit or financial accommodation on behalf of the RNC shall require the express approval of the Executive Committee; and

4. Any such contract or agreement that creates a financial obligation of the RNC which extends beyond the length of the term of the Chairman shall require the express approval of the Executive Committee; and

5. The Chairman shall appoint, with the advice and consent of the Executive Committee, a Comptroller or Chief Financial Officer who shall report to the Executive Committee. The Comptroller or CFO may not be dismissed or removed from office without the approval and consent of the Executive Committee; however, in the case of actions which lead to termination for reasons of cause, the additional authorization of the Treasurer will suffice, provided the explanation for termination for cause is presented to the Executive Committee at its next meeting.

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