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Board adopts temporary-seat language, advances subcommittee roles and accepts officer slate; Class B director change tabled
Summary
The Portland Fish Pier Authority approved an amendment to allow a completed seat application and deposit to let the exchange manager temporarily grant purchase privileges pending board action, approved updated subcommittee roles, accepted a slate of officers, and tabled a proposed change to Class B director bylaws for further recruitment work.
The board approved several governance and procedural changes at its Feb. 23 meeting.
Rob proposed clarified language to the subcommittee’s recommendation on temporary seat privileges: upon receipt of a properly posted cash deposit or letter of credit and a fully completed seat application, the exchange manager "may temporarily grant a new seat…
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