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Land Entity White Paper <br />November 30, 1999 <br />have would depend on how the charter or bylaws were drafted. Options include a broad <br />and flexible charter and a general charge to get the most for the money available, a <br />charter authorizing specific actions circumscribed by rigidly defined duties and <br />responsibilities 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, compact structure to allocate responsibilities and accomplish tasks. <br />• The Governance Committee is necessarily relatively slow to act due to its large <br />size, high -level membership, and infrequent meeting schedule. A relatively <br />autonomous Land Entity could make time - critical decisions more readily. <br />• Composition of the Board could be different from the Governance Committee to <br />reflect interest in this Program component. <br />Disadvantages <br />• Depending on the composition and voting rights of the Board, the Land Entity <br />may become non - responsive to the Governance Committee, adaptive <br />management, or particular stakeholders or governments. <br />• Depending on the composition and voting 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 Land Entity to <br />develop an agenda different from the Program it is to serve. <br />• Bylaws that are tightly crafted to preclude drifting off course may not be flexible <br />enough to accommodate adaptive management, quick decision - making, or <br />unanticipated but desirable habitat options. <br />• Creation of a new entity to carry out federal agency functions will require federal <br />legislative approval. <br />Z Land Entity as Coordinator and Implementation Manager <br />Under this option, the Governance Committee would retain hands -on <br />decision - making authority for each policy or large expenditure item, and assign the Land <br />Entity the responsibilities to plan and implement specific land protection and <br />management actions and to coordinate communications. The Governance Committee <br />would approve a budget and provide guidance for negotiating transactions, and review <br />each transaction before it is finalized. The Governance Committee would approve the <br />restoration and management plans for individual parcels before implementation, and <br />approve any contracts for management or restoration services. The Governance <br />Committee would be kept informed of the results of monitoring, peer review and land <br />14 <br />