ROBERT L. EHRLICH, JR., Governor                             Ch. 356

(4) TO THE EXTENT POSSIBLE, THE BOARD SHALL INCLUDE
INDIVIDUALS WITH EXPERIENCE IN ACCOUNTING, INFORMATION TECHNOLOGY,
FINANCE, LAW, LARGE AND SMALL BUSINESSES, NONPROFIT BUSINESSES, AND
ORGANIZED LABOR

(5) EXCEPT FOR NONVOTING MEMBERS UNDER PARAGRAPH (2)(I) AND
(II) OF THIS SUBSECTION, THE BOARD SHALL BE SELF-PERPETUATING.

(6) THE BOARD SHALL HAVE THE FOLLOWING STANDING COMMITTEES
WHOSE DUTIES SHALL INCLUDE:

(I) AN AUDIT COMMITTEE RESPONSIBLE FOR ENSURING
FINANCIAL ACCOUNTABILITY;

(II) A FINANCE COMMITTEE RESPONSIBLE FOR REVIEWING AND
MAKING RECOMMENDATIONS ON THE ANNUAL BUDGET AND FOR DEVELOPING AND
RECOMMENDING LONG-RANGE FINANCIAL OBJECTIVES;

(III) A COMPENSATION COMMITTEE RESPONSIBLE FOR
DEVELOPING PROPOSED COMPENSATION GUIDELINES IN ACCORDANCE WITH §
14-139(D) OF THIS SUBTITLE;

(IV) A NOMINATING COMMITTEE RESPONSIBLE FOR IDENTIFYING,
EVALUATING, AND RECOMMENDING TO THE BOARD INDIVIDUALS QUALIFIED TO
BECOME BOARD MEMBER INCLUDING INDIVIDUALS WHO REPRESENT A
CORPORATION FOR WHICH THE NONPROFIT HEALTH SERVICE PLAN IS THE SOLE
MEMBER;

(V) A SERVICE AND QUALITY OVERSIGHT COMMITTEE
RESPONSIBLE FOR ENSURING THAT POLICIES AND PROCESSES ARE IN EFFECT TO
ASSESS AND IMPROVE THE QUALITY OF HEALTH INSURANCE PRODUCTS PROVIDED
TO SUBSCRIBERS AND CERTIFICATE HOLDERS;

(VI)    A MISSION OVERSIGHT COMMITTEE RESPONSIBLE FOR
ENSURING THAT THE OFFICERS OF THE CORPORATION ACT IN ACCORDANCE WITH
THE MISSION OF THE NONPROFIT HEALTH SERVICE PLAN;

(VII)  A STRATEGIC PLANNING COMMITTEE RESPONSIBLE FOR
EXAMINING LONG-RANGE PLANNING OBJECTIVES, ASSESSING STRATEGIES THAT
MAY BE USED TO IMPLEMENT THE PLANNING OBJECTIVES, AND ANALYZING THE
NONPROFIT HEALTH SERVICE PLAN'S ROLE IN THE INSURANCE MARKETPLACE; AND

(VIII) ANY OTHER COMMITTEE THAT THE BOARD DETERMINES IS
NECESSARY TO CARRY OUT ITS DUTIES.

(7) EACH STANDING COMMITTEE SHALL HAVE REPRESENTATION FROM:

(I) THE VOTING MEMBERS UNDER PARAGRAPH (2) OF THIS
SUBSECTION; AND

(II) EACH CORPORATION FOR WHICH THE NONPROFIT HEALTH
SERVICE PLAN IS THE SOLE MEMBER

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