Boards and Commissions

An individual appointed as a director must satisfy all of the following: (1) has an understanding of generally accepted accounting principles and financial statements, (2) possesses the ability to assess the general application of such principles in connection with the accounting for estimates, accruals, and reserves, (3) has experience preparing, auditing, analyzing, or evaluating financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of issues that reasonably can be expected to be presented by the JobsOhio corporation's financial statements, or experience actively supervising one or more persons engaged in such activities, (4) has an understanding of internal controls and the procedures for financial reporting, and (5) has an understanding of audit committee functions. Each individual appointed to the board of directors must be a citizen of the United States. At least six of the individuals appointed to the board must be residents of or domiciled in this state.