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Land Entity White Paper <br />November 30, 1499 <br />have wauld depend on how the charter ar bylaws were drafted. Options include a broad <br />and flexible charter and a general charge to get the mast for the money available, a <br />charter authorizing specific actions circumscribed by rigidly defined duties and <br />respansibilities and limited sets of options, and any point in between, <br />Figure 1 on the previous page shows this option's structure and allocation of <br />decision-making and implementation authorities. <br />Advantages <br />• Efficient, campact structure to allocate responsibilities and accomplish tasks_ <br />• The Govemance Committee is necessarily relatively slow to act due ta its Iarge <br />size, high-Ievel membership, and infrequent meeting schedule. A relatively <br />autonamous Land Entity couid make time-critical decisions more readily. <br />+ Composition of the Board could be different from the Govemance Committee to <br />reflect interest in this Program component, <br />Disadvantages <br />• Depending an the composition and voting rights of the Board, the Land Entity <br />may became non-responsive to the Govemance Committee, adaptive <br />management, or particular stakeholders or governments. <br />• Depending on the composition and vating rights of the Board, the Land Entity <br />may not satisfy government needs for assurances that government funds are being <br />spent in the manner for which they were appropriated. <br />• Bylaws that are broad to accommodate flexibility may allow the J.and Entity to <br />develop an agencia different from the Program it is to serve. <br />• Bylaws that are tiglrtly crafted to preclude drifting off course may not be flexible <br />enough to accammodate adaptive management, quick decision-making, or <br />unanticipated but desirable habitat options. <br />• Creation of a naw entity to carry out federa[ agency functians wili require federal <br />legislative approval. <br />Z. Land Entity as Coordinator and Imptementation Manager <br />Under this option, the Govemance Committee would retain hands-on <br />decision-rnaking authority for each palicy ar large expenditure item, and assign the Land <br />Entity the responsibilities to plan and implement specific land protection and <br />znanagement actions and to coordinate communications. The Govemance Committee <br />would approve a budget and pravide guidance far negotiating transactions, and review <br />each transaction before it is finaiized. The Govemance Committee would approve the <br />restoratian and management plans for individual parcels before implementation, and <br />apgrvve any cvntracts far inanagement vr restoration services. The Govemance <br />Committee would be kept informed af the results of rnonitoring, peer review and land <br />14