[Code of Federal Regulations]
[Title 22, Volume 1]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 22CFR67.2]

[Page 339-340]
 
                       TITLE 22--FOREIGN RELATIONS
 
                     CHAPTER I--DEPARTMENT OF STATE
 
PART 67_ORGANIZATION OF THE NATIONAL ENDOWMENT FOR DEMOCRACY--Table of Contents
 
Sec. 67.2  Board of Directors.

    (a) NED is governed by a bipartisan board of Directors of not fewer 
than thirteen and not more than twenty-five members reflecting the 
diversity of American society. The officers of the corporation are 
Chairman and Vice Chairman of the Board, who shall be members of the 
Board, a President, Secretary and Treasurer, and such other officers as 
the Board of Directors may from time to time appoint. Meetings of the 
Board of Directors are held at times determined by the Board, but in no 
event fewer than four times each year. A current list of members of the 
Board of Directors and a schedule of upcoming meetings is available from 
NED's office at 1101 15th Street, NW; Suite 700, Washington, DC 20005-
5000.
    (b) All major policy and funding decisions are made by the Board of 
Directors. The primary statement of NED's

[[Page 340]]

operating philosophy, general principles and priorities is contained in 
the National Endowment for Democracy's Statement of Principles and 
Objectives, adopted by the Board of Directors in December 1984. Copies 
of this statement as well as other general information concerning the 
organization are available from NED on request.
    (c) As a grantmaking organization, NED does not carry out programs 
directly. All grants made by the corporation shall be by a two-thirds 
vote of those voting at a meeting at which a quorum is present. 
Notwithstanding the foregoing, the Board may from time to time adopt, 
upon a two-thirds vote of those voting at a meeting at which a quorum is 
present, procedures to address emergency funding requests between 
meetings of the Board. In addition, ``[a]ny Board member who is an 
officer or director of an organization seeking to receive grants from 
the Corporation must abstain from consideration of and any vote on such 
grant'' (Article VI, Section 6). Copies of the bylaws are available from 
NED's offices.

[51 FR 40164, Nov. 5, 1986. Redesignated and amended at 64 FR 54541, 
Oct. 7, 1999]