Louisiana Revised Statutes 39:1800.25 – A. The corporation shall be governed by a board of seven directors comprised as follows:
Terms Used In Louisiana Revised Statutes 39:1800.25
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: means the public nonprofit corporation authorized to be formed by this Chapter, or any corporation succeeding to the principal functions thereof or to which the powers conferred upon the corporation by this Chapter shall be given by law. See Louisiana Revised Statutes 39:1800.22
- System: means the Louisiana Community and Technical College System. See Louisiana Revised Statutes 39:1800.22
A. The corporation shall be governed by a board of seven directors comprised as follows:
(1) The governor, or his designee.
(2) The commissioner of administration, or his designee.
(3) The president of the Senate, or his designee.
(4) The speaker of the House of Representatives, or his designee.
(5) The secretary of the Louisiana Department of Economic Development, or his designee.
(6) The president of the Louisiana Community and Technical College System, or his designee.
(7) The secretary of the Louisiana Workforce Commission, or his designee.
B. Members of the board of directors shall serve without compensation, but the corporation may reimburse such members for necessary expenses incurred in the discharge of their duties. Members of the legislature serving on the board shall receive the same per diem and travel reimbursement for attending meetings of the board as is normally provided for members of the legislature.
C. Members of the board of directors shall elect a president, a secretary-treasurer and such other officers as shall be deemed necessary and appropriate.
Acts 2010, No. 556, §1.