The Board shall: develop a public and internal strategic plan that includes: performance goals and measures; a mission statement and core values; an analysis of strengths, weaknesses, opportunities, and threats; action plans; and yearly and long–term goals and objectives; review strategic plans and update the plans annually to measure performance; approve compensation plans for the Chief Executive Officer and employees of the Corporation; designate a person to review and approve expense reimbursements of the Chief Executive Officer and employees of the Corporation in accordance with standards established by the Board; designate a person to receive ethics complaints and any complaints involving the Board, the Chief Executive Officer, and employees of the Corporation; establish policies that govern: severance packages for employees that involuntarily leave employment; tuition reimbursement and limits for employees; eligible expense reimbursement requirements that include: the types of expenses that are considered part of Corporation functions; limits on reimbursements and time frames for submission; and allowable travel expenses including any out–of–state travel; the use of all Corporation equipment, personal property, and real property and whether any property may be transferred to a departing employee; and whistleblower complaints and protections for those filing complaints; and conduct an annual performance review of the Chief Executive Officer.