The Board of Directors of the Lambda-Upsilon Chapter of Tau Kappa Epsilon Fraternity, Inc., serves as the governing body of our chapter corporation, which is chartered in the State of Georgia and recognized as a 501(c)7 not-for-profit entity by the Internal Revenue Service.
The chapter corporation is governed by a Board of Directors, which provides oversight for the operations of our collegiate chapter, alumni association, parents association, and other entities, as well as the supervision of chapter property, approval of all legal contracts or agreements, and the overall financial management of the corporate umbrella.
The Board of Directors also serves in a dual role as the Board of Advisors, overseeing collegiate operations and providing advisory support and policy enforcement for the collegiate chapter.
Membership on the Lambda-Upsilon Board of Directors/Advisors consists of representatives from each of the recognized entities within the corporate umbrella, including the president and treasurer of the collegiate chapter, the president, treasurer, and secretary of the alumni association, the president and treasurer of the parents association, the chapter advisor, and the faculty advisor. The Board, which is self-perpetuating, also elects other members to serve in at-large director positions. Board officers are selected by the full Board on an annual basis.
Each of the entities within the corporate umbrella maintains its own governance structure, elects its own leadership, and manages its own finances, so it is seldom necessary for the Board of Directors to intervene in these operational areas, but the structure of the corporation allows the Board to do so in those instances where the future stability and success of the overall operation, or an individual entity, is called into question. More often than not, the Board functions in it's collegiate advisory capacity as the Board of Advisors, which is constituted as a distinct and separate entity within the corporate umbrella.
The Board meets in Statesboro three to four times a year.