The ValleyMLS.com Bylaws were amended in June 2021 by the Board of Directors to align with its strategic business plan. Please see below for each change.
Article 6.1 – adds the CEO of HAAR as the CEO of ValleyMLS.com to the bylaws.
Article 6.2 – aligns the 12 directors from HAAR as at-large directors.
Article 6.3 – A – eliminates language that the HAAR directors on the ValleyMLS board would be the same as the voting directors of HAAR.
Article 6.3 – B – adds a transition policy to show how the directors will be elected to the ValleyMLS.com board in order to separate service on the HAAR board and ValleyMLS board. Creating 2 completely separate boards of directors by 2023.
Article 6.4 – reinforces the duties of the CEO
Article 6.5 – 1 – removes the $10,000 limit cap and replaces with $25,000 cap for the board of directors before finance committee requires approval.
Article 6.5-2 – removes the non-budgeted expense required vote by membership & increases the multi-year contract approval to $75,000
Article 8.1 – adds that the MLS committees be chaired by a member of the ValleyMLS board of directors, further solidifying the fiduciary role of directors as part of the business operations.