Re: [802SEC] Change in WG treasury signatory requirements in WG P&P
Clint-
I believe that it is an SA requirement that the Sponsor Chair be on any
bank account within his sponsorship.
(Actually, that seems like a perfectly reasonable requirement to me.)
Perhaps one of my colleagues who is a little more up to date on
governance and SA requirements can chime in on this.
Therefore, if only one signature is to be added, it should be the chair.
I would expect that if the occasion arises that either the chair or the
treasurer has to get into a WG bank account it is likely to be a
one-time event to take over the account. For an event of that
magnitude, we are better having the chair be in on it.
Therefore, I will oppose any change to the P&P that puts anyone in 802
outside the WG onto the account if it does not include the 802 Chair.
Regards,
Geoff
On 1910//12 3:53 PM, James P. K. Gilb wrote:
Clint
If any of the changes are to go into the P&P, may I kindly suggest
that we make them as part of the new P&P in November?
James Gilb
On 10/19/2012 02:45 PM, Clint Chaplin wrote:
All,
One of my self-assigned tasks was to review all P&Ps, manuals, and
the like
for any and all rules pertaining to my position. One of the rules I
came
across was a requirement in the WG P&Ps that all WG bank accounts add
the
Sponsor Chair as a signatory.
My suggestion is that we require either the Sponsor Chair or the Sponsor
Treasurer to be added as a signatory on all WG bank accounts. This
change,
to me, makes sense in that the Sponsor Treasurer is explicitly tasked
with
overseeing all WG treasurers.
I will be proposing modified text at some point to implement this
change.
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