Decision-making process

The Cadiz Foundation Board of Trustees is responsible for:

• Determining the mission of the Foundation which allows for focused funding activities and coherent communication around the Foundation’s role
• Ensuring the Foundation meets the necessary and appropriate legal and tax requirements
• Overseeing reporting and recordkeeping to comply with registration and to provide public accountability for the use of the Foundation’s funds
• Managing the finances and assets of the Foundation
• Setting funding policies for the Foundation which determine a method for distributing the Foundation’s assets
• Reviewing funding requests
• Securing and managing staff and advisors for the Foundation
• Ensuring ongoing leadership by ensuring that new Trustees understand their roles and responsibilities and reflect the values of the Foundation
• Promote wherever possible the core purpose and mission of the Foundation beyond the boardroom

The Foundation Trustees meet on a quarterly basis at which time all projects eligible for consideration are reviewed and decisions approved. All interim reports on the monitoring of ongoing projects are also reviewed at these meetings.

Cadiz employees representative of the various business units may be invited to these meetings for the purposes of providing input.