Functions of Bylaws
Bylaws define the governing and operational rules of the corporation under which the board of directors and management must operate on behalf of the shareholders. They specify when the board meets when the shareholder meetings take place annually, the term of office for board members, who appoints management and other governance matters.
Functions of Policies
Policies are set by the board and management to define the operations of the organization.
Vail Board of Realtors®
Vail Multi-List Service Inc.
Vail Board of Realtors® Foundation