Governance
As an agency of the Commonwealth, the Virginia Port Authority reports to the Virginia Secretary of Transportation. The Governor of Virginia appoints 11 citizens to form the Virginia Port Authority Board of Commissioners, and the state treasurer is an ex-officio member of the Board. Commissioners serve staggered five year terms at the pleasure of the Governor, and no commissioner may serve more than two consecutive terms. Law dictates that there must be one, but no more than one, commissioner from Norfolk or Virginia Beach; one, but no more than one, commissioner from Portsmouth or Chesapeake; and one, but no more than one, commissioner from Hampton or Newport News. Traditionally, an active or retired senior executive from Norfolk Southern Railway and an individual with ties to the coal industry have also served as members of the Board. The Board elects a chairman and vice chairman from within its membership.
The Board of Commissioners appoints the executive director of the Virginia Port Authority, who is responsible for overseeing the daily execution of the agency’s policies, and serving as an ex-officio member of VIT’s Board of Directors.
Read more about this topic: Virginia Port Authority
Famous quotes containing the word governance:
“He yaf me al the bridel in myn hand,
To han the governance of hous and land,
And of his tonge and his hand also;”
—Geoffrey Chaucer (1340?–1400)