Board of Directors Member Agreement Terms

ID8 Board of Directors Agreement Terms

ID8 (pronounced ide•ate), is a Hawai’i-based education nonprofit organization, that is organized and operates exclusively for charitable and educational purposes within the meaning of the Internal Revenue Code of 1986 Section 501(c)(3), as currently amended, and Chapter 414D of Hawaii Revised Statutes (HRS). Board of Directors Members (“Members”) shall uphold and foster ID8’s educational Mantra, Vision and Mission through all organization programs and endeavors:

ID8’s Mantra: “Ideas for Good”
ID8’s Vision: “We seek to create an empowered world of ideas and expressions”; and,
ID8’s Mission: “We foster ideation and expression to create positive impacts.”

ID8 agrees to provide each Member with the following:

Access to ID8 staff and management, as needed for proper operation of the Board.
Ample notice of all meetings.
Minutes of all Board meetings.
Relevant information to conduct Member duties and responsibilities.
As defined in the current Bylaws, Indemnification from liability for a Member’s reasonable and necessary actions.
As defined in the current Bylaws, Errors and Omissions insurance liability coverage.
Reimbursement for reasonable expenses in conducting ID8 business.

Each Member agrees to abide by ID8 Bylaws and do the following as an unpaid Working Board volunteer:

Learn about ID8, review financial reports and other ID8 document, and keep up-to-date on ID8 programs, finances and management.
Make at least a nominal financial contribution each year ($1 or more) so that we maintain a 100% giving Board. This increases our chance of success when applying for grants.
Complete an annual Board of Directors Agreement each year at https://id8.org/directors-agreement-cio/
Attend Board and committee meetings as defined in Bylaws, and participate in all such meetings, using fair, independent judgment and due care in conducting the business of ID8.
Participate in at least one ID8 program on a volunteer basis. ID8 Board is a Working Board, defined as a position requiring volunteer time and active participating in programs, not just rendering advice in Board meetings. This is in contrast to other nonprofit Boards with members responsible for providing professional advice or fundraising. Advice and fundraising are optional for ID8 Board Members.
Avoid any direct or indirect political campaign intervention in the name of ID8 and/or when using ID8 assets. Nonprofits are prohibited from political practice thus ID8 as a nonprofit entity cannot support or oppose public office candidates or legislative actions.
Avoid conflicts of interest with ID8. If any potential conflict of interest exists, the Member must report the potential conflict in the annual Memberʻs Board of Directors Agreement conflict of interest section, and to the extent that any conflict of interest arises during the year, the Member shall file an amended annual Board of Directors Agreement at https://id8.org/directors-agreement-cio/
Be loyal to ID8, always exercising Board powers in the interest of ID8, and not for the interest of oneself or others.
Keep all potentially sensitive ID8 matters confidential.

ID8 Board of Directors Agreement Terms

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