BOARD AGENDA MEMORANDUM
Government Code ? 84308 Applies: Yes ? No ?
(If "YES" Complete Attachment A - Gov. Code ? 84308)
SUBJECT:
Title
Consider the December 6, 2024, Board Policy and Monitoring Committee's Recommendation to Adopt Proposed Changes to Board Governance Policy Executive Limitation 6 (EL-6): Asset Management and Related Board Appointed Officer (BAO) Interpretations.
End
RECOMMENDATION:
Recommendation
Consider input and recommendations from the December 6, 2024, Board Policy and Monitoring Committee meeting to:
A. Adopt Proposed Changes to Board Governance Policies Executive Limitations 6 (EL-6): Asset Management and Related Board Appointed Officer (BAO) Interpretations; and
B. Provide feedback and recommendations to staff, as necessary.
Body
SUMMARY:
Initially adopted in June 1999, Executive Limitation 6 (EL-6) serves as a governance policy of the Board providing clear directives regarding protecting and maintaining Valley Water's intangible assets, including intellectual property and water rights, as well as physical assets, such as real property, facilities, and infrastructure. The current version of the policy was last updated in July 2015 and the BAO Interpretations were last updated in September 2014 (Attachment 1). As part of the comprehensive review of the Executive Limitations of the Board Governance Policies, staff evaluated Executive Limitations (EL) 6 - Asset Management and its related BAO Interpretations. Staff presented a number of recommended revisions to EL-6 to the Board Policy and Monitoring Committee (BPMC) on December 6, 2024. The BPMC provided its input at the December 6, 2024 meeting, and recommended that staff incorporate the committee's input as appropriate and present the revisions to the full Board for approval.
The proposed revisions to EL-6 (Attachment 2) have incorporated BPMC's input. These revisions are intended to clarify the existing EL-6 provisions to improve their practical application. Revisions of ...
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