42 U.S. Code § 17352 - Establishment and management of Foundation
The Foundation shall be governed by a Board of Directors in accordance with subsection (c).
It is the intent of Congress, in establishing the structure of the Foundation set forth in this subsection, to create an entity that serves the long-term foreign policy and energy security goals of reducing global greenhouse gas emissions.
The Chief Executive Officer shall be appointed by the Board, with the advice and consent of the Senate, and shall be a recognized leader in clean and efficient energy technologies and climate change and shall have experience in energy security, business, or foreign policy, chosen on the basis of a rigorous search.
The Chief Executive Officer shall report to, and be under the direct authority of, the Board.
The Chief Executive Officer shall be responsible for the management of the Foundation and shall exercise the powers and discharge the duties of the Foundation.
There shall be in the Foundation a Board of Directors.
The Board shall perform the functions specified to be carried out by the Board in this part and may prescribe, amend, and repeal bylaws, rules, regulations, and procedures governing the manner in which the business of the Foundation may be conducted and in which the powers granted to it by law may be exercised.
The Chief Executive Officer of the Foundation shall serve as a nonvoting, ex officio member of the Board.
Each member of the Board described in paragraph (3)(A) shall serve for a term that is concurrent with the term of service of the individual’s position as an officer within the other Federal department or agency.
Each member of the Board described in paragraph (3)(B) shall be appointed for a term of 3 years and may be reappointed for a term of an additional 3 years.
A vacancy in the Board shall be filled in the manner in which the original appointment was made.
There shall be a Chairperson of the Board. The Secretary of State (or the Secretary’s designee) shall serve as the Chairperson.
The Board shall meet at the call of the Chairperson, who shall call a meeting no less than once a year.
A member of the Board may not be paid compensation under clause (i)(II) for more than 90 days in any calendar year.
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