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arrange for an annual audit of the corporation's financial accounts by an independent Certified Public Accountant. If required by the Board of Directors, the Treasurer shall give the corporation a bond in the amount and with the surety or sureties specified by the Board for faithful performance of the duties of the Treasurer's office and for restoration to the corporation of a0 its books, papers, vouchers, money and other property of every kind in the Treasurer's possession or under the Treasurer's control on the Treasurer's death, resignation, retirement, or removal from office. The corporation shall pay the cost of such bond. ARTICLE 9: STAFF Section 9.01. Authority to Hire Staff. The Board of Directors may hire a President and Chief Executive Officer who shall have such title as is determined by the Board. Section 9.02. Duties of the President and Chief Executive Officer. The President and Chief Executive Officer of the corporation shall manage the corporation in administering the conduct of its business. Where appropriate, the Board of Directors shall place the President and Chief Executive Officer under a contract of employment. The President and Chief Executive Officer shall be responsible to and governed by the Board of Directors, shall report to and advise the Board on all significant matters of the corporation's business, and shall see that all orders and resolution of the Board are varied into effect. The President and Chief Executive Officer shall be empowered to act, speak for or otherwise represent the corporation between meetings of the Board within the boundaries of the policies and purposes established by the Board and as set forth in the ArtiGes of Incorporation and Bylaws. The President and Chief Executive Officer shall be responsible for the hiring and firing of all personnel, and shall be responsible for keeping the Board informed at ail times of staff performance as related to program objectives, and for implementing any personnel policies adopted by the Board. The President and Chief Executive Officer may be authorized by the Board of Directors to receive, deposit, disburse, and account for funds of the corporation in accordance with procedures adopted by the Board of Directors. The President and Chief Executive Officer may be authorized by the Board of Directors to execute in the name of the corporation specified bonds, contracts, deeds, leases, and other written instruments to be executed by the corporation, or to negotiate other specified material business transactions of the corporation. ARTICLE 10: STANDARD OF CARE Section 10.01. General. A Director shall perform the duties of a Director, inGuding duties as a member of any committee of the Board on which the Director may serve, in good faith, in a manner such Director believes to be in the best interest of this corporation and with such care, inGuding reasonable inquiry, as an ordinarily prudent person in a like situation would use under similar circumstances. In performing the duties of a Director, a Director shall be entitled to rely on information, opinions, reports or statements, inGuding financial statement and other financial data, in each case prepared or presented by: (a) One or more officers or employees of the corporation whom the Director believes to be reliable and competent in the matters presented; (b) Counsel, independent accountants or other persons as to matters which the Director believes to be within such person's professional or expert competence; or 7