506

The powers of the Company shall be exercised by a Board of Directors; however, they may delegate on the Executive Director all those powers it deems advisable for the proper operation of the Company. The main functions of the [Board] shall be, without it being understood as a limitation:(a) Establish the general policy, consistent and coordinated with the public policy implemented by the Secretary of Sports and Recreation, to comply with the mission of the Company and the governmental objectives and efforts in the area of recreation and sports.(b) Authorize the working plan and the annual budget of the Company.(c) Establish and delegate on the Executive Director, the duties, powers and faculties in harmony with the provisions of this chapter.(d) Maintain the need coordination with the Sports and Recreation Department and promote any administrative changes that are needed to avoid duplication of efforts and achieve the ends pursued. History —June 23, 1961, No. 114, p. 234, § 6; Nov. 17, 1993, No. 90, § 4.