Strategy Committee Charter

Strategy Committee Charter

The primary objective of the Strategy Committee (the “Committee”) is to assist the Board of Directors of the Association (the “Board”) in discharging its oversight duties with respect to the development and implementation of the Association’s strategic plan and the risks associated with such plan. The Board recognizes that it is the responsibility of management to develop the Association’s strategic plan and implement such plan. The Committee has been formed to foster a cooperative, interactive strategic planning process between the Board and management. The Committee shall exercise its business judgment in carrying out the responsibilities described in this Charter in a manner that the Committee members reasonably believe to be in the best interests of the Association and its stakeholders. The purposes and responsibilities outlined in this Charter are meant to serve as guidelines rather than as inflexible rules and the Committee is encouraged to adopt such additional procedures and standards as it deems necessary from time to time to fulfill its responsibilities provided that such procedures are consistent with the Association’s Certificate of Incorporation, By-Laws and corporate governance guidelines.

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