Fact Sheet Board: Alaska Commercial Fishing and Agriculture Bank Board of Directors Board identification number: 021 Department: Authority: AS 44.81.010 Status: Active Sunset date: Requirements: No Legislative Confirmation or Financial Disclosure required Prohibitions: A member may not vote on transaction if party to the transaction. Term: 3 Years Chair: Board selects. Description: The board consists of 7 directors: 2 appointed by Governor and 5 elected by bank members, and at least 1 elected Director must be an Alaska farmer (reference statute for appointments). Function: The board manages assets of bank and selects officers of the bank. Special facts: The board annually elects the board chair. Members may serve successive terms. A quorum consists of a majority. The bank publishes and annual report to bank members. Compensation: Not to exceed $250/day for mtgs, additional for work to adv. bank’s interest. Meetings: 5-6 times per year, 1 day each; 5-6 days total, excluding travel. Generally not in May-September. For further information and to reach individual members, contact: Lela Klingert President/CEO-CFAB 3040 Lakeshore Drive P.O. Box 92070 Anchorage, AK 99509 Phone: (907) 276-2007 Fax: (907) 279-7913 Board Roster Website