204 Investment Board.
(A) There is hereby established an Investment Board (herein the "Board"). The Board shall: establish minimum standards for any Financial Institution in which Tribal moneys are deposited; provide policy direction on Tribal investments; obtain each month data on each Tribal investment and report quarterly to the Council on each Tribal investment.
(B) The Board shall be comprised of three persons to be appointed by the Chief, and confirmed by the Council. The Chief shall be an ex-officio member of the Board.
(C) The members of the Board shall serve at the pleasure of the Chief, and each appointment shall be for an indefinite term.
(D) The members of the Board shall not receive renumeration for their efforts, and shall be prohibited from engaging in any investment or conduct which may personally enrich them or a Family Member in relation to their work on the Board. Any expenses incurred by a member of the Board in their duties here under shall be reimbursed by the Tribe.
(E) All data and information received by a member of the Board shall at all times remain the property of the Tribe and may not be shared with any person or entity except the Council, Chief, the attorneys for the Tribe and any investment professional or Financial Institution engaged by the Tribe.
(F) The Board shall engage an investment professional to assist and advise it regarding investments.
(G) With the advice of the investment professional, the Board shall be responsible for approving the Financial Institution.