Article III: Membership
The Foundation’s membership shall consist of the members of the Board of Directors.
The Board of Directors shall consist of no fewer than nine nor more than 35 members.
Board members shall be appointed or elected by a vote of the majority of the members
of the Foundation Board to serve 3-year term and are eligible to be reappointed or
reelected to no more than two additional 3-year terms, a total of nine consecutive
years. A member may be eligible to serve again after a one year absence from the Board.
Only members who are serving as an officer of the board or a campaign chair or co-chair
at the time when their 3-year term expires can serve more than nine consecutive years.
These members may be appointed for additional years until their officer, chair or
co-chair obligation is fulfilled.
Two members shall be appointed by the University of Arkansas System observing the
same tenure guidelines as other elected directors. All other members shall be elected
at the annual meeting. Each member in good standing shall be entitled to one vote
on each matter submitted to a vote of the members. The chancellor of the University
of Arkansas-Fort Smith will be a non-voting ex-officio member of the Board.
Any member may resign by filing a written resignation with the Secretary. Any member
missing three (3) consecutive meetings may be removed by a vote of the majority of
the members of the Board at any regular or called meeting. Membership in this corporation
is not transferable or assignable. Vacancies shall be filled in the same manner as
new members are selected. Vacancies will be filled effective the first of each calendar
year unless the Executive Committee requests otherwise. The alternate board members
elected by the Committee on Directors will be used to fill vacancies at that time.
Directors as such shall not receive any compensation, but by resolution of the Board
of Directors may be reimbursed for expenses paid or incurred in the performance of
their duties as Directors.
Upon retirement from the Board of Directors, members may be named Emeritus Members of the Board of Directors.