Example for Illustrative Purposes Only
2.6 The CEO will not cause or allow corporate assets to be unprotected, inadequately maintained or unnecessarily risked.
The CEO will not:
2.6.1 Allow board members, staff, and the organization itself to be inadequately insured against theft, casualty, and liability losses.
2.6.2 Subject equipment or assets to improper wear and tear or insufficient maintenance.
2.6.3 Unnecessarily expose the organization, its board or staff to claims of liability.
2.6.4 Make any purchase: (a) wherein normally prudent protection has not been given against conflict of interest; (b) of over $XXXX without having obtained comparative prices, quality and value; (c) of over $XX,XXX without a stringent method of assuring the balance of long-term quality and cost. Orders shall not be split to avoid these criteria.
2.6.6 Allow intellectual property, information and files to be exposed to loss or significant damage.
2.6.7 Receive, process or disburse funds under controls that are insufficient to meet the board-appointed auditor’s standards.
2.6.8 Compromise the independence of the board’s audit or other external monitoring or advice.
2.6.9 Invest or hold operating capital in insecure instruments, including uninsured checking accounts and bonds of less than AA rating at any time, or in non interest-bearing accounts except where necessary to facilitate ease in operational transactions.
2.6.10 Endanger [ORG’s] public image, credibility, or its ability to accomplish Ends.
2.6.11 Change [ORG’s] name or substantially alter its identity in the community.
2.6.12 Create or purchase any subsidiary corporation unless approved by the board.