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A. Power and responsibility within the corporate structure shall be distributed among the corporate officers, the board of directors and any membership.

B. The corporate officers shall manage the daily affairs and operations of the public corporation. If the charter so provides, corporate officers may be members of the board of directors or as a commission comprise the board of directors.

C. The board of directors shall oversee the activities of corporate officers, establish and/or implement policy, and participate in corporate activities as prescribed by the charter at least to the extent provided by Section 2.104.200.

D. The charter shall establish a membership with at least the powers set forth in Section 2.104.210(A) through D, unless the mayor expressly determines that a membership with such powers would not be in the public interest and approves a charter without a membership, or a charter amendment to abolish or modify it. A charter that does not provide for a membership or that prescribes a membership with advisory capacity only shall repose stewardship for management and determination of all corporate affairs in the board of directors.

E. If a membership is provided, the board of directors or a committee thereof shall report to the membership at a meeting held at least quarterly and receive such advice, counsel or directions as the charter shall designate. (Ord. 1016-84 § .180, 1984.)