Ultimate legal authority for the Keshia Lee Estate rests with its Board of Directors — no fewer than three and no more than fifteen, a majority of whom remain independent of the Estate's operations. Directors serve without compensation, in staggered three-year terms, and meet no less than quarterly.
Presides over the Board of Directors and speaks for the Estate in its charitable and public affairs. Sets the agenda of each quarterly meeting, holds the Board to its fiduciary duties, and represents the Estate before the public bodies that recognize its exempt status.
Assumes the duties and authority of the President in the event of vacancy or absence, and carries delegated oversight of the Estate's program committees. Serves as the continuity of executive authority between meetings of the Board.
Keeps the records of the Estate: the minutes of the Board, its resolutions and delegations, and the constitutional register of adopted signatures. Certifies the official acts of the Board and maintains the document archive.
Oversees the accounts, the annual budget, and the filings of the Estate, including the independent audit and the Form 990. Reports material variances to the Board and maintains the separation of fiscal agent funds and trust assets from operating funds.
Chairs the Finance Committee and holds the Estate's accounting to generally accepted principles. Reviews the annual independent audit and the Board-approved budget, independent of the officers who execute them.
Provides oversight of the licensed home health agency and the standards of care it delivers, including compliance with the federal conditions of participation, HIPAA privacy and security, and OSHA requirements.
Reviews the administration of the Educational Non-Cash Trust and the Public Credit Engine, giving impartial oversight to the prudence of trust administration and the fairness of the Estate's credit programs.
Chief administrative officer of the Estate, administering its authorities and programs day to day: the home health agency, the Educational Non-Cash Trust, the Public Credit Engine, and the Financial Systems Network. Reports to the Board and receives no vote in its deliberations.
Article VII
Every director owes the Estate the duties of care, loyalty, and obedience. None may profit from its affairs.
Read the full governance structure