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The Florida Senate

2005 Florida Statutes

Section 288.708, Florida Statutes 2005

288.708  President; employees.--

(1)  The president of the corporation, who may also be designated as secretary-treasurer, shall be appointed by the board and shall serve at the pleasure of the board. The board shall establish and adjust the compensation of the president. The president shall be the chief administrative and operational officer of the corporation and shall direct and supervise administrative affairs and the general management of the corporation. The board may delegate to its president those powers and responsibilities it deems appropriate, except for appointment of the president. The president:

(a)  May contract with or employ legal and technical experts and such other employees, permanent and temporary, as shall be authorized by the board;

(b)  Shall attend meetings of the board; and

(c)  Shall cause copies to be made of all minutes and other records and documents of the board and shall certify that such copies are true copies. All persons dealing with the corporation or board may rely upon such certification.

(2)  The corporation and its officers and board members are responsible for the prudent use of all public and private funds and shall ensure that the use of such funds is in accordance with all applicable laws, bylaws, or contractual requirements. An employee of the corporation may not receive compensation for employment that exceeds the salary paid to the Governor, unless the corporation and the employee have executed a contract that prescribes specific and measurable performance outcomes for the employee, the satisfaction of which provides the basis for the award of incentive payments that increase the employee's total compensation to a level above the salary paid to the Governor.

History.--ss. 10, 32, ch. 85-104; s. 28, ch. 94-322; s. 32, ch. 2001-43; s. 2, ch. 2002-180.