Section VI

Management: The Governing Board delegates day-to-day management of the College, its operations, and general fiscal management to the President. 

Hiring/Delegation: The Governing Board delegates to the President authority to hire, assign and direct the work of employees; to promote and assign employees; to evaluate, demote, transfer, suspend, discharge, or terminate employees; and to take such other employment actions as may be necessary in times of emergency.

Collective Bargaining: The Governing Board delegates to the President, authority to be exercised by the President’s designee, to engage in collective bargaining with bargaining units serving as the exclusive representative of one or more groups of college employees. Collective bargaining agreements are subject to Governing Board review and approval.

Investment: The Governing Board delegates to the President, acting by and through the Vice President of Finance & Operations who also serves as CNM’s Investment Officer, authority to invest the financial assets entrusted to the College for executing its Mission. The CNM Investment Officer shall ensure that investment guidelines implementing the College Investment policies are developed and kept online in the Source and on file in the Business Office of the College. The CNM Investment Officer, acting directly or through a duly authorized designee, is authorized to deposit, withdraw, invest, transfer, and manage the financial assets entrusted to the College in any manner consistent with the Investment Policy of the College.

Signature Authority: The Governing Board delegates to the President authority to designate persons to sign checks and authorize wire transfers. The Governing Board also authorizes the President to designate persons and/or College positions authorized to legally bind the College by signing financial documents and other agreements, all to the extent permitted by law.

Electronic Transactions: The Governing Board delegates to the President responsibility for developing procedures for CNM electronic transactions, which must comply with the provisions of the Uniform Electronic Transactions Act. See NMSA 1978, §14-16-1 et seq.  

Suspension of Rules: The Governing Board delegates to the President the power, in cases of emergency as determined by the President, to suspend all or any part of any rule or regulation pertaining to the administration of the College, other than those prescribed by law. The President reports the facts and the reasons for such suspension to the Governing Board at a Special meeting called by the Chair as soon as is reasonably possible following the suspension, or at the next regular meeting of the Governing Board, whichever is sooner. Any such suspension expires upon presentation of the report to the Governing Board, unless continued in effect by the vote of a majority of the Governing Board.