{"data":{"id":"us-md/md.-code-economic-development-10-1117","jurisdiction":"us-md","citation":"Md. Code, Economic Development § 10–1117","heading":"","body":"The Board shall:\n(1) develop a public and internal strategic plan that includes:\n(i) performance goals and measures;\n(ii) a mission statement and core values;\n(iii) an analysis of strengths, weaknesses, opportunities, and threats;\n(iv) action plans; and\n(v) yearly and long–term goals and objectives;\n(2) review strategic plans and update the plans annually to measure performance;\n(3) approve compensation plans for the Chief Executive Officer and employees of the Corporation;\n(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;\n(5) designate a person to receive ethics complaints and any complaints involving the Board, the Chief Executive Officer, and employees of the Corporation;\n(6) establish policies that govern:\n(i) severance packages for employees that involuntarily leave employment;\n(ii) tuition reimbursement and limits for employees;\n(iii) eligible expense reimbursement requirements that include:\n1. the types of expenses that are considered part of Corporation functions;\n2. limits on reimbursements and time frames for submission; and\n3. allowable travel expenses including any out–of–state travel;\n(iv) the use of all Corporation equipment, personal property, and real property and whether any property may be transferred to a departing employee; and\n(v) whistleblower complaints and protections for those filing complaints; and\n(7) conduct an annual performance review of the Chief Executive Officer.","path":["Article - Economic Development"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec\u0026section=10-1117","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:57:28Z","sha256":"9545c82e4fb4273340af24a5f00365a506dc5252b924c2d20281594d753a5e47","source_id":"us-md","stale":false,"prev":"us-md/md.-code-economic-development-10-1116","next":"us-md/md.-code-economic-development-10-1118"},"notice":"GroundRules: Original legal text. Not legal advice."}