N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1725-3.3
Current through Register Vol. 46, No. 45, November 2, 2024
The board of directors has the responsibility for establishing policy covering administration of property, interests, business and transactions of the corporation and may delegate to officers such authority as it deems necessary. Sound organization dictates that members of the board should not interfere with day-to-day management and operation of project or with its employees or intrude upon management functions. Failure to adhere to this policy reduces the efficiency of the operating staff by creating conflicts in control and in the chain of command.
N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1725-3.3