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Members of the Federal Reserve Board Serve 14-Year Terms and Cannot

question 207

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Members of the Federal Reserve Board serve 14-year terms and cannot be reappointed.These provisions help ensure that the Fed is free to take the long view and not be overly influenced by short-term political considerations.


Definitions:

Panel on the Nonprofit Sector

An advisory group or committee that focuses on addressing issues, challenges, and opportunities within the nonprofit sector, often providing guidance, research, and recommendations.

Governance Committee

A group within an organization charged with overseeing the strategic direction and accountability, often focusing on board recruitment, selection, and evaluation.

Board Professionals

Specialists or experts who provide guidance, advice, or services to an organization's board of directors, often in legal, financial, or strategic planning areas.

Carver's Model

A governance model created by John Carver that emphasizes the board's responsibility for the organization's purpose, direction, and overall policy.

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