47 Ill. Adm. Code 700.200
General Powers, Election of Directors, Term of Office, Qualifications and Vacancies
Section 700
Section 700.200 General
Powers, Election of Directors, Term of Office, Qualifications and
Vacancies
All corporate powers of the
Corporation shall be exercised by the Board of Directors, as provided for in
the Act. The Board of Directors shall have the responsibility and authority to
appoint all necessary Board Committees and Officer Committees to provide for
prudent management and oversight of the Corporation. Each Director shall hold
office until their successors are appointed, as provided for in the Act.