(a) The financial statements of the corporation shall be audited annually by an independent certified public accountant or firm. Within thirty days of completion, the financial audit report shall be presented to the corporation's board of directors for approval, after which a copy of the financial audit and required statements shall be submitted to the commission.
(b) Notwithstanding any other provision of this code to the contrary, any officer or employee of the commission, who is not the executive director of the corporation, may hold an appointment as a member and as an officer of the corporation board of directors.
Structure West Virginia Code
Article 1F. Management Agreements for the Higher Education Policy Commission
§18B-1F-1. Legislative Findings and Purpose
§18B-1F-4. Powers and Duties of Board of Directors and Corporation
§18B-1F-5. Appointment of Executive Director; Qualifications
§18B-1F-6. Agreements; Required Provisions
§18B-1F-7. Audits Required; Financial Reports; Conflicts of Interest
§18B-1F-8. No Waiver of Sovereign Immunity; Not Obligation of the State
§18B-1F-10. Department of Commerce to Study and Report Relating to Research and Technology Parks