BOARD RESOLUTION OF
UNIVERSITY OF SCIENCE AND TECHNOLOGY OF CHINA ALUMNI FOUNDATION
(GBR-2025-50)
ON
BOARD CHAIR SERVING AS PRESIDENT AS NEEDED
WHEREAS, The University of Science and Technology of China Alumni Foundation (USTCAF) is a Nonprofit Public Benefit Corporation, incorporated in the State of Delaware, qualified pursuant to the provisions of Internal Revenue Code Section 501(c)(3), and
WHEREAS, The USTCAF bylaws provide that “the President shall be the chief executive officer of the Corporation” (Section 4.06) and that Officers of Corporation, including the President shall be elected by the Board of Directors (Board) (Section 4.02); and
WHEREAS, The Board has made such elections in the past (such as with Resolution GBR-2020-44), but have at other times left the position vacant; and
WHEREAS, The Corporation wishes to always have an active role serving as the President.
NOW, THEREFORE BE IT RESOLVED as follows:
- If and when the Corporation has a vacancy in its position of the President, the Chairperson of the Board of Directors, if there is one, shall serve as the President and has the authorities and responsibilities defined in the bylaws of the Corporation.
Special Note: this resolution was proposed by Steven Li , seconded by Lei Niu , during the board meeting held on Jan 20, 2025 , and was duly passed.