The Board shall:
(1) develop a public and internal strategic plan that includes:
(i) performance goals and measures;
(ii) a mission statement and core values;
(iii) an analysis of strengths, weaknesses, opportunities, and threats;
(iv) action plans; and
(v) yearly and long–term goals and objectives;
(2) review strategic plans and update the plans annually to measure performance;
(3) approve compensation plans for the Chief Executive Officer and employees of the Corporation;
(4) designate a person to review and approve expense reimbursements of the Chief Executive Officer and employees of the Corporation in accordance with standards established by the Board;
(5) designate a person to receive ethics complaints and any complaints involving the Board, the Chief Executive Officer, and employees of the Corporation;
(6) establish policies that govern:
(i) severance packages for employees that involuntarily leave employment;
(ii) tuition reimbursement and limits for employees;
(iii) eligible expense reimbursement requirements that include:
1. the types of expenses that are considered part of Corporation functions;
2. limits on reimbursements and time frames for submission; and
3. allowable travel expenses including any out–of–state travel;
(iv) the use of all Corporation equipment, personal property, and real property and whether any property may be transferred to a departing employee; and
(v) whistleblower complaints and protections for those filing complaints; and
(7) conduct an annual performance review of the Chief Executive Officer.