- Home
- Skills
- Legal & Compliance
- Board Governance Pack
Works with the AI tools you already use
Board Governance Pack
Draft board and committee charters, board packages, minutes, and a governance calendar from your own governance facts, ready for counsel review.
$9
Board Governance Pack
Example session with this skill installed
Set up our board governance documents. Specifically: a gap assessment, a board charter, an Audit & Risk Committee charter, and a governance calendar for 2027. Our new independent director starts in Q1 and we need to stop running the board from the founder's inbox.
Facts
- Entity: Tidewell Solar Holdings, Inc., a private Texas corporation. Commercial and community solar developer and installer. 2026 revenue about $95M. Fiscal year ends 31 December.
- Ownership: founding family 65%. Granite Arch Partners (growth equity) bought 35% in April 2026.
- Regulation: some of our projects are subject to state utility commission approvals. Counsel has not given us a list of governance obligations beyond that.
- Lender: our credit agreement requires audited annual financials within 120 days of fiscal year end and quarterly compliance certificates within 45 days of quarter end.
Board
- 6 seats: founder and Executive Chair (Walter Brennick); CEO (Simone Achebe); 2 Granite Arch directors (Kofi Ashworth, Elisabeth Varga); 1 independent (Dr. Henry Lusk).
- 1 independent seat vacant, to be filled by March 2027.
- Meets every two months (6 times a year). Materials currently go out 3 business days before each meeting, often late.
Committees
- Audit & Risk: exists informally since 2024 (Lusk chairs, with Varga). No charter.
- Compensation: to be created in 2027. Granite Arch wants it.
- Granite Arch has also asked for a Safety & Operations committee after two electrical safety incidents at installation sites in 2026.
Existing documents
- Bylaws, last amended 2018.
- Shareholders' agreement, April 2026.
- Code of conduct, 2021.
- D&O insurance policy, renewed July 2026.
- No related-party transaction policy, no whistleblower policy, no board minutes template (minutes are emailed notes).
Reserved matters under the shareholders' agreement (require board approval, including both Granite Arch directors):
- Incurring debt over $10M.
- Acquisitions over $5M.
- The annual budget.
- Hiring or removing the CEO.
- Issuing new equity.
Other
- The family wants Walter to stay Executive Chair. Granite Arch would prefer an independent chair or lead independent director; this has not been settled.
- We hold an annual shareholders' meeting but the date has moved around every year.
Please draft for our outside counsel to review.
- Read your context and instructions
- Compiled the board governance
- Generated the document
I've drafted the four documents you asked for, plus a list of open questions. The pack is in one Word file for counsel, with a markdown copy of each document. Every document is headed "DRAFT – for counsel review – not adopted".
Files (all in tidewell-governance-pack (in your working folder), last updated 2026-10-01 22:19)
| File | What it is |
|---|---|
Tidewell-Governance-Pack-DRAFT-for-counsel.docx | All five documents combined, for counsel |
01-gap-assessment.md | Status, gap and priority for each document |
02-board-charter.md | Board charter |
03-audit-risk-committee-charter.md | Audit & Risk Committee charter |
04-governance-calendar-2027.md | Month-by-month calendar, deadline tracker and who does what |
05-open-items.md | 38 questions, grouped for you, counsel, the auditor/CFO and the corporate secretary |
I checked that every dollar figure and deadline matches your facts, and that no law or regulation is cited. Nothing has been sent to anyone.
Where I left things open rather than decide them
Chair question: the board charter offers three alternatives side by side: Walter stays Executive Chair, Executive Chair plus a lead independent director, or an independent chair. It doesn't recommend one.
Safety & Operations Committee: the Audit & Risk charter has two alternatives for safety oversight, depending on whether the board forms that committee.
Reserved matters: the five items from the shareholders' agreement are restated with your thresholds ($10M debt, $5M acquisitions) and need both Granite Arch directors to approve. Other possible board-approval items are marked as proposals with blank thresholds.
Not invented: quorum, voting rules, director terms, an independence definition and the materials deadline are all left as blanks for you or counsel to fill.
Things to know
1.
Four of the seven lender deadlines fall on a weekend: 14 Feb, 15 May, 14 Aug and 14 Nov 2027. Also, 2028 is a leap year, so the FY2027 audited financials are due
29 April 2028, not 30 April. Counsel needs to confirm how the credit agreement treats weekend deadlines.
2.
The board meeting months are my suggestion: Feb, Apr, Jun, Aug, Oct, Dec. That puts the April meeting before the 30 April audit deadline and the December meeting before the next year's budget is needed. Audit & Risk would meet five times, each just before a lender deadline. I also suggested holding the annual shareholders' meeting in June every year.
3. A two-person committee is a problem when Granite Arch is involved. Elisabeth Varga would have to step out of any review of a Granite Arch transaction, leaving Dr. Lusk alone. The new independent director could fix that by joining the committee.
4.
Minutes are the most urgent fix. Emailed notes don't show that both Granite Arch directors approved a reserved matter, which is the record you'd need if an approval were ever challenged.
5.
Someone needs to own the paperwork. Almost every task in the calendar depends on naming a corporate secretary. That's the practical step that gets the board out of the founder's inbox.
Most important questions for you: the chair structure, whether to form the Safety & Operations Committee, who acts as corporate secretary, and whether the 2027 budget will be approved before 1 January.
The Compensation and Safety & Operations charters, board-package and minutes templates, and the new-director onboarding plan weren't part of this request. I can draft them next if you'd like.
The file it wrote: tidewell-governance-pack/01-gap-assessment.md
DRAFT - for counsel review - not adopted
GOVERNANCE DOCUMENT GAP ASSESSMENT
TIDEWELL SOLAR HOLDINGS, INC.
Prepared: 1 October 2026 (draft for outside counsel)
Entity: private Texas corporation; commercial and community solar developer and installer
Fiscal year end: 31 December
Ownership: founding family 65%; Granite Arch Partners 35% (since April 2026)
How to read this table. Status is one of Exists / Missing / Outdated (version over three
years old) / Unknown (not mentioned in the brief). "Source" says where the row comes from:
Brief means the company's own facts. Indicated means the entity profile suggests the
document, but nobody has said it is required. Nothing here says a document is legally required.
Where that question matters, the row is marked COUNSEL TO CONFIRM.
Priority key. P1 = compliance-critical: it touches a contractual or regulatory
obligation named in the brief (the shareholders' agreement reserved matters, the credit agreement
reporting deadlines, state utility commission approvals). P2 = needed for the Q1 2027 board
transition (new independent director, committee formation). P3 = good practice.
1. Document inventory
| Document | Status | Version date | Gap | Priority | Source |
|---|---|---|---|---|---|
| Minutes template and minute book | Missing | - | Minutes are emailed notes. There is no formal record of motions, votes, quorum, or of the approval of both Granite Arch directors that the shareholders' agreement requires for reserved matters. Without that record, it is hard to show later that a reserved-matter approval was valid. | P1 | Brief |
| Resolution / written-consent format | Missing | - | No standard WHEREAS/RESOLVED format, so reserved-matter approvals (debt >$10M, acquisitions >$5M, budget, CEO, equity) have no consistent evidence trail. Whether written consent must be unanimous: COUNSEL TO CONFIRM (bylaws / Texas law). | P1 | Brief |
| Bylaws | Outdated | 2018 (last amended) | Over three years old and written before the April 2026 shareholders' agreement. Need a conformity check: board size (6 seats), quorum, notice, written consent, officer roles (Executive Chair), committee authority, indemnification, annual meeting date. Where the two conflict, which document governs: COUNSEL TO CONFIRM. | P1 | Brief |
| Shareholders' agreement | Exists | April 2026 | Current. Its reserved matters are carried into the Board Charter (Art. III). The following are not in the brief and must be confirmed from the agreement itself: board-designation rights, information rights, the chair/lead-independent-director provisions (if any), the definitions of "debt" and "acquisition" (single vs. aggregate), and what happens if a Granite Arch director is absent or conflicted. | P1 | Brief |
| Credit agreement reporting process | Unknown | Not provided | The agreement requires audited annual financials within 120 days of FYE and quarterly compliance certificates within 45 days of quarter end. The brief names no internal owner, review step, or sign-off for either. Four of seven deadlines in the 2027 cycle fall on a weekend (see calendar). The business-day convention: COUNSEL TO CONFIRM. | P1 | Brief |
| State utility commission obligations register | Missing | - | Some projects need state utility commission approvals. Counsel has not given a list of governance obligations. Needed: which commissions, which projects, and whether any approval or filing needs board authorization. COUNSEL TO CONFIRM | P1 | Brief |
| Related-party transaction policy | Missing | - | Gap stated in the brief. Priority is raised because of (a) a 65% family holder with a family member as Executive Chair, and (b) a 35% investor with two board designees. The policy needs to cover transactions with both groups. Thresholds and approval body: NOT PROVIDED. | P1 | Brief |
| Whistleblower policy | Missing | - | Gap stated in the brief. Should give a reporting route for financial and safety concerns, given the two 2026 electrical safety incidents. Whether a statute or the credit agreement requires one: COUNSEL TO CONFIRM. | P1 | Brief |
| Certificate of formation / articles of incorporation | Unknown | Not provided | Not listed. Needed to check authorized shares (issuing new equity is a reserved matter), director-liability and indemnification provisions, and any corporate-opportunity provisions. COUNSEL TO CONFIRM which document applies and its date. | P1 | Indicated |
| Board charter | Missing | - | No charter exists. Draft provided: 02-board-charter.md. | P2 | Brief |
| Audit & Risk Committee charter | Missing | - | The committee has met informally since 2024 (Lusk chair, Varga) with no charter. Its authority, quorum and membership have never been formally delegated. Draft provided: 03-audit-risk-committee-charter.md. | P2 | Brief |
| Compensation Committee charter | Missing | - | The committee is to be created in 2027 at Granite Arch's request. Not drafted in this pack (not requested). | P2 | Brief |
| Safety & Operations Committee charter | Missing | - | Granite Arch has asked for this committee after the two 2026 incidents. Not yet decided. Overlaps with A&R risk oversight (see A&R charter, Part V.D). | P2 | Brief |
| Governance calendar | Missing | - | The annual meeting date moves every year and materials go out late. Draft provided: 04-governance-calendar-2027.md. | P2 | Brief |
| Board package template and distribution process | Missing | - | Materials go out 3 business days ahead, often late, and through the founder's inbox. Needed: a standard package, a named owner (corporate secretary function), a cut-off rule, and a distribution channel that does not depend on one person's mailbox. | P2 | Brief |
| New-director onboarding plan | Missing | - | The new independent director starts in Q1 2027 (seat to be filled by March 2027). No onboarding plan is mentioned. | P2 | Brief |
| Independence definition / standard | Missing | - | The brief calls Dr. Lusk and the vacant seat "independent", but no definition is given. The shareholders' agreement may define it. Needed before the new director is appointed and before A&R membership is formalized. COUNSEL TO CONFIRM | P2 | Brief |
| Code of conduct | Outdated | 2021 | Five years old. It predates the Granite Arch investment and the 2026 safety incidents. Does it cover conflicts of interest, safety reporting, and non-retaliation? NOT PROVIDED | P2 | Brief |
| Conflict-of-interest policy / annual disclosure form | Unknown | Not provided | May be inside the 2021 code. Matters because investor-designated and family directors face recurring potential conflicts. | P2 | Indicated |
| D&O questionnaire | Unknown | Not provided | Needed for independence determinations and related-party identification. | P2 | Indicated |
| D&O insurance policy | Exists | Renewed July 2026 | Current. Next renewal July 2027 if the term is annual (policy period NOT PROVIDED). Check coverage for the new director and for safety-incident claims: COUNSEL / BROKER TO CONFIRM. | P3 | Brief |
| Director indemnification agreements | Unknown | Not provided | Check whether bylaws provisions alone cover the new independent director. COUNSEL TO CONFIRM | P2 | Indicated |
| Delegation-of-authority matrix (management) | Unknown | Not provided | The reserved matters set the board's thresholds, but the brief does not say what management may approve below them (capex, contracts, project commitments, settlements). | P2 | Indicated |
| Enterprise risk register | Unknown | Not provided | Needed for A&R risk oversight. Expected to include safety, regulatory approvals, covenant compliance and project risk. | P3 | Indicated |
| Safety incident reporting to the board | Unknown | Not provided | After two 2026 incidents, the board needs a defined route and threshold for escalating safety events. Who owns it depends on the Safety & Operations decision. | P2 | Brief (incidents) |
| Annual shareholders' meeting procedure | Outdated (practice) | - | The date moves each year. Whether the bylaws fix the date or window, notice period, and record date: COUNSEL TO CONFIRM. | P2 | Brief |
2. Recommended order of work
- Before the first 2027 board meeting (P1): adopt the minutes and resolution formats. Have
counsel check the bylaws against the shareholders' agreement. Assign an owner and an internal
review step for each lender deliverable. Get counsel's list of state utility commission
obligations. - By the time the new independent director is seated (by March 2027) (P2): adopt the board
charter and A&R charter. Agree an independence definition. Put the governance calendar,
board package template and onboarding plan in place. Decide the chair / lead independent
director question and whether to form a Safety & Operations Committee. - During 2027: adopt the related-party and whistleblower policies and the refreshed code of
conduct. Establish the Compensation Committee with its charter. Introduce the D&O
questionnaire and annual conflict disclosure.
3. Unresolved decisions that shape several documents
These are not decided in any draft. Bracketed alternatives are used instead.
| Decision | Who it sits with | Documents affected |
|---|---|---|
| Executive Chair (status quo) vs. independent chair vs. lead independent director | Family and Granite Arch, possibly governed by the shareholders' agreement | Board Charter Art. IV; who presides over executive sessions; who leads the board evaluation |
| Whether to form a Safety & Operations Committee | Board | Board Charter Art. VI; A&R Charter Part V.D; calendar |
| Compensation Committee composition and timing | Board (Granite Arch request) | Board Charter Art. VI; calendar |
| Fixed annual shareholders' meeting month | Board, subject to bylaws | Calendar |
Draft prepared from facts supplied by the company. Nothing in this assessment is legal advice
or a statement of what the law requires. All COUNSEL TO CONFIRM items are listed in
05-open-items.md.
The file it wrote: tidewell-governance-pack/02-board-charter.md
DRAFT - for counsel review - not adopted
BOARD OF DIRECTORS CHARTER
TIDEWELL SOLAR HOLDINGS, INC.
Adopted: [DATE OF ADOPTION]
Last Amended: [DATE]
Drafting notes for counsel. This charter sits beneath the certificate of formation, the
bylaws (last amended 2018) and the Shareholders' Agreement (April 2026). It is meant to restate
and operationalize those documents, not override them. Square-bracketed text is either a
placeholder (NOT PROVIDED) or an unsettled alternative that the company has not decided.
Every dollar threshold in Article III comes from the Shareholders' Agreement as summarized by
the company. Please conform the wording to the agreement's defined terms.
ARTICLE I: PURPOSE
1.1 Purpose
The Board of Directors (the "Board") of Tidewell Solar Holdings, Inc. (the "Company") directs
and oversees the management of the business and affairs of the Company. It acts in the best
interests of the Company, consistent with the Company's certificate of formation [or articles of
incorporation - COUNSEL TO CONFIRM], its Bylaws, the Shareholders' Agreement dated April 2026
(the "Shareholders' Agreement") and applicable Texas law.
1.2 Relationship to Management
The Board delegates the day-to-day management of the Company to the Chief Executive Officer
and, through the CEO, to management. The Board keeps the matters reserved to it under
Article III, together with any other matters reserved to the Board or the shareholders by law,
the Company's governing documents or the Shareholders' Agreement. Management authority below
the Board's thresholds is set out in a delegation-of-authority matrix approved by the Board
[MATRIX: NOT PROVIDED - to be developed].
1.3 Order of Precedence
If this Charter conflicts with the certificate of formation, the Bylaws or the Shareholders'
Agreement, the conflicting document governs [ORDER OF PRECEDENCE AMONG THOSE THREE DOCUMENTS -
COUNSEL TO CONFIRM].
ARTICLE II: COMPOSITION AND STRUCTURE
2.1 Board Size
The Board consists of six (6) seats. [SOURCE OF THE SIX-SEAT NUMBER (bylaws or Shareholders'
Agreement) and any permitted range - COUNSEL TO CONFIRM.]
2.2 Composition
| Seat | Category | Current holder |
|---|---|---|
| 1 | Management - Executive Chair (founder) | Walter Brennick |
| 2 | Management - Chief Executive Officer | Simone Achebe |
| 3 | Investor - Granite Arch Partners designee | Kofi Ashworth |
| 4 | Investor - Granite Arch Partners designee | Elisabeth Varga |
| 5 | Independent | Dr. Henry Lusk |
| 6 | Independent | Vacant - to be filled by March 2027 |
[DESIGNATION AND NOMINATION RIGHTS for each seat, including who nominates the independent
seats and whether the founding family holds designation rights: NOT PROVIDED - COUNSEL TO
CONFIRM against the Shareholders' Agreement.]
2.3 Independence
A. Definition. A director is "independent" if the director meets [INDEPENDENCE STANDARD: NOT
PROVIDED - to be taken from the Shareholders' Agreement if it defines the term; otherwise to
be adopted by the Board on counsel's advice]. No stock exchange or securities-law
independence standard is assumed to apply to the Company.
B. Determination. The Board will make an independence determination for each independent
director when the director is appointed and once a year after that, based on a director
questionnaire.
C. Investor-designated directors. Whether the directors designated by Granite Arch Partners
count as independent for any purpose under this Charter or a committee charter: [NOT
PROVIDED - COUNSEL TO CONFIRM].
2.4 Qualifications
The Board, as a whole, should have experience relevant to the Company's business. That
includes solar project development and construction, utility regulation and interconnection,
project and corporate finance, safety and operations, and governance. The Board will keep a
skills matrix and use it when filling the vacant independent seat and any future vacancies.
2.5 Term and Tenure
[TERM LENGTH, ELECTION MECHANICS, TERM LIMITS, RETIREMENT AGE: NOT PROVIDED - COUNSEL TO
CONFIRM against the Bylaws and the Shareholders' Agreement.]
2.6 Vacancies
Vacancies are filled in the manner set out in [BYLAWS / SHAREHOLDERS' AGREEMENT - COUNSEL TO
CONFIRM]. The independent seat now vacant is to be filled by March 2027.
ARTICLE III: RESPONSIBILITIES AND RESERVED POWERS
3.1 Core Responsibilities
A. Strategy: approve the Company's strategy and oversee how it is carried out, including the
project development pipeline and capital allocation.
B. Chief Executive Officer: appoint, evaluate and, if needed, remove the CEO (see 3.2), and plan
for CEO succession.
C. Financial integrity: oversee financial reporting, including the timely delivery to the
Company's lender of audited annual financial statements (within 120 days of fiscal year end)
and quarterly compliance certificates (within 45 days of quarter end) required by the
Company's credit agreement, acting principally through the Audit & Risk Committee.
D. Risk, safety and compliance: oversee the Company's principal risks. These include
construction and installation safety, the state utility commission approvals some projects
require, and compliance with the credit agreement.
E. Governance: maintain the governance framework, including this Charter, committee charters,
board evaluation, and director onboarding.
3.2 Reserved Matters Requiring Granite Arch Director Approval
Under the Shareholders' Agreement, each of the following matters requires approval of the
Board, including the affirmative approval of both directors designated by Granite Arch
Partners:
| # | Reserved matter | Threshold |
|---|---|---|
| 1 | Incurring debt | Over $10,000,000 |
| 2 | Acquisitions | Over $5,000,000 |
| 3 | The annual budget | Any |
| 4 | Hiring or removing the Chief Executive Officer | Any |
| 5 | Issuing new equity | Any |
Counsel to confirm against the Shareholders' Agreement:
- (a) How "debt" and "acquisition" are defined, and whether the thresholds apply per
transaction or in aggregate. - (b) Whether "issuing new equity" covers equity-incentive grants.
- (c) What happens if a Granite Arch director is absent, conflicted or the seat is vacant, and
whether the approval may be given by written consent. - (d) Whether the CEO director votes on matter 4.
- (e) Whether the credit agreement separately restricts or conditions items 1, 2 or 5.
The minutes of any meeting approving a reserved matter must record by name the vote of each
Granite Arch director (see 5.6).
3.3 Other Matters Reserved to the Board (proposed)
The matters below are proposed board-approval matters. They are not in the
Shareholders' Agreement as summarized by the company, and the Board must decide whether to
adopt each one. Any thresholds stay as placeholders until the Board sets them.
| Matter | Threshold |
|---|---|
| Strategic plan adoption and material changes | - |
| Capital expenditures outside the approved budget | [THRESHOLD: NOT PROVIDED] |
| Divestitures and disposals of projects or assets | [THRESHOLD: NOT PROVIDED] |
| Material contracts, including EPC, offtake and interconnection agreements | [THRESHOLD: NOT PROVIDED] |
| Settlement of litigation or claims | [THRESHOLD: NOT PROVIDED] |
| Related-party transactions | Per the Related-Party Transaction Policy [POLICY NOT YET ADOPTED] |
| Appointment and removal of executive officers other than the CEO | - |
| Approval of the audited annual financial statements, on recommendation of the Audit & Risk Committee | - |
| Appointment of the independent auditor, on recommendation of the Audit & Risk Committee | [AUTHORITY - COUNSEL TO CONFIRM] |
| Matters requiring state utility commission approval | [WHETHER BOARD AUTHORIZATION IS NEEDED - COUNSEL TO CONFIRM] |
| Amendments to the certificate of formation or Bylaws (for recommendation to shareholders where shareholder approval is required) | - |
3.4 No Delegation of Reserved Matters
No committee or officer may approve a matter listed in Section 3.2. Committees may review such
matters and make recommendations on them.
ARTICLE IV: BOARD LEADERSHIP
UNSETTLED - DO NOT ADOPT UNTIL DECIDED. The founding family wants Walter Brennick to remain
Executive Chair. Granite Arch Partners would prefer an independent chair or a lead
independent director. This has not been settled. The three alternatives below are drafted
neutrally. Counsel should also confirm whether the Shareholders' Agreement or Bylaws already
govern chair appointment.
4.1 Chair of the Board
The Board elects a Chair from among its members [ELECTION MECHANICS AND TERM: NOT PROVIDED -
COUNSEL TO CONFIRM]. The Chair presides at Board and shareholder meetings, sets Board agendas
in consultation with the CEO, and is responsible for the timely flow of information to the
Board.
[ALTERNATIVE A - Executive Chair (current arrangement)]
The Chair may be an executive officer of the Company (the "Executive Chair"). The Executive
Chair's executive responsibilities, and how they are divided from the CEO's, are set out in
[POSITION DESCRIPTION: NOT PROVIDED]. Executive sessions of non-management directors (Section
5.4) are chaired by [an independent director chosen by the non-management directors at each
session / the chair of the Audit & Risk Committee - TO BE DECIDED].
[ALTERNATIVE B - Executive Chair with Lead Independent Director]
As Alternative A, and in addition the [independent directors / non-management directors - TO BE
DECIDED] elect a Lead Independent Director from among the independent directors. The Lead
Independent Director
- presides at executive sessions and at Board meetings in the Chair's absence;
- approves Board meeting agendas and schedules with the Chair;
- acts as liaison between the non-management directors and the Executive Chair and CEO;
- may call meetings of the independent or non-management directors; and
- leads the annual Board evaluation.
[ALTERNATIVE C - Independent Chair]
The Chair is an independent director within the meaning of Section 2.3 and is not an
executive officer. The Chair carries out the responsibilities listed for the Lead Independent
Director in Alternative B. [TRANSITION ARRANGEMENTS FOR THE CURRENT EXECUTIVE CHAIR: NOT
PROVIDED.]
4.2 Chair and CEO
[PROPOSED - reflects current practice; Board to confirm] The roles of Chair and Chief
Executive Officer are held by different persons.
ARTICLE V: MEETINGS AND PROCEDURES
5.1 Regular Meetings
The Board holds six (6) regular meetings a year, one roughly every two months, on dates fixed in
the annual governance calendar approved by the Board before the start of each fiscal year.
5.2 Special Meetings
Special meetings may be called by [WHO MAY CALL: NOT PROVIDED - per Bylaws] on [NOTICE PERIOD:
NOT PROVIDED - per Bylaws].
5.3 Quorum and Voting
A. Quorum: [QUORUM: NOT PROVIDED - per Bylaws, COUNSEL TO CONFIRM].
B. Voting: [VOTING STANDARD: NOT PROVIDED - per Bylaws], except that a matter in Section 3.2
also requires the approval of both Granite Arch directors.
C. Written consent: action may be taken without a meeting by written consent [UNANIMITY OR
OTHER STANDARD: COUNSEL TO CONFIRM under the certificate of formation, Bylaws and Texas law].
5.4 Executive Sessions
At each regular meeting the non-management directors meet in executive session, without
management present, presided over as provided in Article IV. [Note: under Alternative A or B
the Executive Chair is a member of management and would not attend. Board to confirm.] Executive
sessions are recorded in the minutes by general topic only.
5.5 Board Materials
A. Responsibility. The Corporate Secretary [NAME / FUNCTION: NOT PROVIDED - to be designated] is
responsible for assembling and distributing Board materials. Materials are distributed
through [DISTRIBUTION CHANNEL: NOT PROVIDED - a channel other than an individual director's
personal inbox].
B. Lead time. Materials are distributed at least [LEAD TIME: NOT PROVIDED - current practice is
3 business days; Board to set] business days before each meeting.
C. Late papers. A paper not distributed by the deadline is deferred to the next meeting unless
the Chair [and the Lead Independent Director, if any] agree that it should be taken. Any paper
seeking approval of a matter in Section 3.2 also needs the agreement of [both Granite Arch
directors - TO BE DECIDED].
5.6 Minutes
The Corporate Secretary keeps formal minutes of every Board and committee meeting, recording:
- attendance and quorum;
- each motion, with its mover and seconder;
- the outcome of each vote, and for matters in Section 3.2 the vote of each Granite Arch
director by name; - declarations of interest and recusals; and
- executive sessions, by general topic only.
Draft minutes are circulated within [NUMBER: NOT PROVIDED] days and approved at the next regular
meeting. The minute book is kept by the Corporate Secretary.
5.7 Attendance
Directors are expected to attend all regular meetings and the committee meetings of committees
they serve on. Attendance by video or telephone is permitted [COUNSEL TO CONFIRM under the
Bylaws]. [MINIMUM ATTENDANCE EXPECTATION: NOT PROVIDED.]
ARTICLE VI: COMMITTEES
6.1 Committees
| Committee | Status | Charter |
|---|---|---|
| Audit & Risk Committee | Operating informally since 2024; formally constituted on adoption of its charter | Attached draft |
| Compensation Committee | To be established in 2027 | [CHARTER: NOT DRAFTED] |
| Safety & Operations Committee | Requested by Granite Arch Partners; not decided | [CHARTER: NOT DRAFTED] |
6.2 Authority and Limits
Each committee operates under a written charter approved by the Board. It may exercise only
the authority its charter delegates, subject to Section 3.4 and to any limits under Texas law
[COUNSEL TO CONFIRM].
6.3 Composition
Committee members and chairs are appointed by the Board [ANNUAL APPOINTMENT DATE: see
governance calendar]. [MINIMUM SIZE, INDEPENDENCE REQUIREMENTS, AND ANY GRANITE ARCH SEAT
RIGHTS ON COMMITTEES: NOT PROVIDED - COUNSEL TO CONFIRM against the Shareholders' Agreement.]
6.4 Reporting
Each committee chair reports to the Board at the next regular Board meeting after each
committee meeting. Committee minutes are available to all directors.
6.5 Overlapping Mandates
Where two committees' charters touch the same subject, the Board decides which committee leads
and records that decision in the charters. Examples: safety risk (Audit & Risk vs. Safety &
Operations), and compensation of family members employed by the Company (Compensation vs.
Audit & Risk under the Related-Party Transaction Policy).
ARTICLE VII: DIRECTOR DUTIES
7.1 Fiduciary Duties
Each director owes the Company the fiduciary duties imposed by Texas law [FORMULATION OF DUTIES:
COUNSEL TO CONFIRM]. [How those duties apply to directors designated by a shareholder: COUNSEL TO
CONFIRM.]
7.2 Preparation and Participation
Directors prepare for and attend meetings, review materials in advance, and keep themselves
informed about the Company's business, including site safety.
7.3 Confidentiality
Directors keep Company information and Board deliberations confidential. [WHETHER AND ON WHAT
TERMS GRANITE ARCH DIRECTORS MAY SHARE INFORMATION WITH GRANITE ARCH PARTNERS: COUNSEL TO
CONFIRM against the Shareholders' Agreement.]
7.4 Conflicts of Interest
Directors disclose actual and potential conflicts promptly and at least once a year, and recuse
themselves from deliberation and votes where conflicted. That includes transactions between the
Company and the founding family, Granite Arch Partners or their affiliates. [CORPORATE
OPPORTUNITY POSITION, including Granite Arch's other portfolio investments: COUNSEL TO
CONFIRM.] Related-party transactions are handled under the Related-Party Transaction Policy
[POLICY NOT YET ADOPTED].
7.5 Code of Conduct
Directors comply with the Company's Code of Conduct [CURRENT VERSION 2021 - REFRESH PROPOSED]
and certify compliance once a year.
7.6 Access to Management and Advisors
Directors have access to management through the CEO [and the Chair]. The Board and its
committees may retain independent legal, financial and other advisors at the Company's
expense [APPROVAL / BUDGET MECHANISM: NOT PROVIDED].
7.7 Indemnification and Insurance
Directors are indemnified as provided in the [certificate of formation / Bylaws / indemnification
agreements - COUNSEL TO CONFIRM] and covered by the Company's D&O insurance policy (renewed July
2026).
7.8 Orientation
Each new director completes an orientation program run by the Corporate Secretary within the
first [PERIOD: NOT PROVIDED] of appointment. The first is planned for the independent director
joining in Q1 2027.
ARTICLE VIII: BOARD EVALUATION
8.1 Annual Board Evaluation
The Board carries out an annual evaluation of its own effectiveness and of its committees. It
is led by [the Chair / the Lead Independent Director / the chair of the Audit & Risk Committee -
DEPENDS ON ARTICLE IV DECISION], and the results are discussed in executive session.
8.2 Committee Self-Assessment
Each committee carries out an annual self-assessment and reviews its charter, reporting the
results to the Board.
8.3 Individual Directors
[WHETHER INDIVIDUAL DIRECTOR ASSESSMENTS ARE CARRIED OUT, AND BY WHOM: NOT PROVIDED - Board to
decide.]
ARTICLE IX: AMENDMENT
9.1 Annual Review
The Board reviews this Charter once a year, at the meeting at which it approves the following
year's governance calendar.
9.2 Amendment
This Charter may be amended by resolution of the Board [VOTE REQUIRED: NOT PROVIDED]. Any
amendment that would change a matter set by the Shareholders' Agreement takes effect only if
it complies with the Shareholders' Agreement.
Adopted by the Board of Directors: [DATE]
Corporate Secretary [NAME: NOT PROVIDED]
The file it wrote: tidewell-governance-pack/03-audit-risk-committee-charter.md
DRAFT - for counsel review - not adopted
AUDIT & RISK COMMITTEE CHARTER
TIDEWELL SOLAR HOLDINGS, INC.
Adopted: [DATE OF ADOPTION]
Last Amended: [DATE]
Drafting notes for counsel. The committee has operated informally since 2024 (Dr. Henry
Lusk, chair; Elisabeth Varga) without a written charter. This draft formalizes it. The Company
is a private company: no securities-exchange, SEC or Sarbanes-Oxley requirement is assumed, and
none is cited. Two subjects are flagged in Part V because they overlap other bodies: safety
risk (a possible Safety & Operations Committee) and related-party transactions.
I. PURPOSE
The Audit & Risk Committee (the "Committee") is appointed by the Board of Directors (the
"Board") of Tidewell Solar Holdings, Inc. (the "Company") to help the Board oversee:
- the integrity of the Company's financial statements and financial reporting, including
reporting to the Company's lender under its credit agreement; - the independent auditor's qualifications, independence and performance;
- the Company's internal controls over financial reporting;
- the Company's enterprise risk management, including regulatory and [safety - see Part V.D]
risk; and - the Company's compliance and ethics program, including the Code of Conduct, the
whistleblower policy and the related-party transaction policy [both policies to be adopted].
The Committee oversees. Management is responsible for preparing the financial statements,
maintaining internal controls and managing risk. The independent auditor is responsible for
its audit opinion.
II. COMPOSITION
A. Members
The Committee consists of directors appointed by the Board. On adoption of this Charter the
members are:
- Dr. Henry Lusk (Chair)
- Elisabeth Varga
[MINIMUM NUMBER OF MEMBERS: NOT PROVIDED. Note that a two-member committee leaves a single
member whenever one recuses (see Part V.E.3). The Board may wish to consider the independent
director joining in Q1 2027 for membership.]
B. Independence
[INDEPENDENCE REQUIREMENT FOR MEMBERS: NOT PROVIDED - to follow the definition adopted under
Board Charter Section 2.3.] [WHETHER MANAGEMENT DIRECTORS ARE EXCLUDED FROM MEMBERSHIP: Board
to decide.] [WHETHER A GRANITE ARCH DESIGNEE HAS A COMMITTEE SEAT RIGHT: COUNSEL TO CONFIRM
against the Shareholders' Agreement.]
C. Financial Literacy
Each member should be able to read and understand financial statements, or become able to
within a reasonable time after appointment. At least one member should have accounting or
financial-management expertise [CRITERIA: Board to determine].
D. Chair
The Board designates the Committee Chair. The Chair sets agendas, presides at meetings and
reports to the Board.
E. Term and Removal
[TERM: NOT PROVIDED.] Members serve until their successors are appointed and may be removed
by the Board at any time.
III. AUTHORITY
A. Advisors
The Committee may retain independent legal, accounting or other advisors as it considers
necessary [SPENDING LIMIT OR BUDGET: NOT PROVIDED].
B. Independent Auditor
The independent auditor has direct access to the Committee. The Committee [recommends to
the Board / appoints - COUNSEL TO CONFIRM where this authority sits under the Bylaws, the
Shareholders' Agreement and the credit agreement] the appointment, compensation and
retention of the independent auditor. [AUDIT FIRM: NOT PROVIDED.]
C. Investigations
The Committee may investigate any matter within its responsibilities, with full access to
the Company's books, records, facilities and personnel.
D. Funding
The Company provides funding for the auditor's fees as approved under Part III.B, for
advisors retained by the Committee and for the Committee's ordinary administrative expenses.
E. Limits
The Committee may not approve any matter reserved under Section 3.2 of the Board Charter
(debt over $10M; acquisitions over $5M; the annual budget; hiring or removing the CEO;
issuing new equity). It may review those matters and make recommendations. Where this
Charter gives the Committee a role in a matter that the Board Charter reserves to the Board,
the Committee's role is to recommend.
IV. MEETINGS
A. Frequency
The Committee meets at least [MINIMUM FREQUENCY: NOT PROVIDED - recommended at least once
each quarter] and otherwise as needed. Meetings are timed so that the Committee can review
lender deliverables before they are due. The proposed 2027 schedule (five meetings) is in
the governance calendar.
B. Quorum
[QUORUM: NOT PROVIDED.]
C. Agenda and Materials
The Chair sets agendas in consultation with management [and the independent auditor].
Materials are distributed at least [LEAD TIME: NOT PROVIDED - Board Charter 5.5 applies]
business days in advance.
D. Executive Sessions
At each regular meeting the Committee meets without management present. At least once a
year, including at the meeting reviewing the audited financial statements, it meets
separately with the independent auditor.
E. Minutes and Reporting
Minutes are kept by the Corporate Secretary in the format required by Board Charter
Section 5.6. The Committee Chair reports to the Board at the next regular Board meeting.
V. RESPONSIBILITIES
A. External Audit
- Recommend [or approve - per Part III.B] the appointment, engagement terms and fees of the
independent auditor. - Review the audit plan and scope for each fiscal year's audit, including the timetable
needed to meet the 120-day lender deadline. - Assess the auditor's independence and performance once a year.
- Approve [or set a policy for] any non-audit services the auditor provides.
- Review audit findings, management letter points and management's responses.
B. Financial Reporting and Lender Reporting
- Review the annual audited financial statements with management and the auditor, and
recommend them to the Board, before they are delivered to the lender within 120 days of
fiscal year end. - Each quarter, review management's covenant-compliance position and the compliance
certificate due to the lender within 45 days of quarter end [WHETHER THE COMMITTEE
REVIEWS THE CERTIFICATE BEFORE DELIVERY OR AFTER: Board to decide; WHO SIGNS THE
CERTIFICATE: NOT PROVIDED]. - Review significant accounting policies, judgments and estimates, including those specific
to solar project development and construction [PARTICULAR POLICIES: management and
auditor to identify]. - Review any other financial reporting to shareholders required by the Shareholders'
Agreement [INFORMATION RIGHTS: COUNSEL TO CONFIRM].
C. Internal Controls
- Review with management and the auditor the adequacy of internal controls over financial
reporting. - Monitor remediation of control deficiencies identified by the auditor or management.
- [INTERNAL AUDIT FUNCTION: NOT PROVIDED whether one exists. If one is established, the
Committee approves its charter and annual plan.]
D. Enterprise Risk
-
Make sure management maintains a register of the Company's principal risks and reviews it
with the Committee [FREQUENCY: NOT PROVIDED]. The risk register is expected to cover at
least:- covenant compliance and liquidity;
- project and construction risk;
- state utility commission approvals required for certain projects;
- insurance, including the D&O policy (renewed July 2026); and
- safety.
-
Review the Company's insurance program before each renewal.
-
Regulatory compliance. Oversee management's process for tracking the state utility
commission approvals some projects require [OBLIGATIONS LIST: counsel to provide]. -
Safety risk. Overlap, Board to decide. Granite Arch Partners has asked for a Safety &
Operations Committee after the two electrical safety incidents at installation sites in
2026.[ALTERNATIVE 1 - no Safety & Operations Committee]
The Committee receives a safety report at each meeting. It covers incidents,
investigations and corrective actions, and the Committee reports on it to the Board.[ALTERNATIVE 2 - Safety & Operations Committee formed]
Oversight of safety performance, incident investigation and corrective action belongs to
the Safety & Operations Committee. This Committee keeps only the financial, insurance,
liability and disclosure consequences of safety events, and the two committee chairs
coordinate at least [FREQUENCY: NOT PROVIDED].
E. Compliance and Ethics
- Code of Conduct. Oversee compliance with the Code of Conduct (2021, refresh proposed) and
review any waivers granted to directors or officers. - Whistleblower. On adoption of a whistleblower policy [NOT YET ADOPTED]:
- oversee the procedures for confidential reporting of concerns about accounting, internal
controls, fraud [and safety - see V.D.4]; and - receive a report on matters raised [FREQUENCY: NOT PROVIDED].
- oversee the procedures for confidential reporting of concerns about accounting, internal
- Related-party transactions. On adoption of a related-party transaction policy [NOT YET
ADOPTED], review and [approve / recommend to the Board - TO BE SET IN THE POLICY]
transactions with directors, officers, the founding family, Granite Arch Partners and
their affiliates.- A member with an interest in a transaction does not take part. For example, a Granite
Arch designee recuses on Granite Arch transactions. [HOW THE COMMITTEE ACTS WHEN THAT
LEAVES ONE MEMBER: Board to decide.] - If a related-party transaction is also a reserved matter, it still needs Board approval,
including both Granite Arch directors, under Board Charter Section 3.2. [HOW A GRANITE
ARCH CONFLICT INTERACTS WITH THAT APPROVAL RIGHT: COUNSEL TO CONFIRM.] - Overlap: compensation of family members employed by the Company may also fall within
the Compensation Committee's remit once it is formed. The Board decides which committee
leads (Board Charter 6.5).
- A member with an interest in a transaction does not take part. For example, a Granite
F. Reporting
Report to the Board after each meeting, and make recommendations on matters within the
Committee's remit.
VI. ANNUAL EVALUATION
The Committee carries out an annual self-assessment of its performance and reports the results
to the Board as part of the Board evaluation (Board Charter Article VIII).
VII. CHARTER REVIEW
The Committee reviews this Charter once a year and recommends any changes to the Board.
Adopted by the Board of Directors: [DATE]
Corporate Secretary [NAME: NOT PROVIDED]
Delegation check against the Board Charter (for counsel)
| A&R item | Board Charter reference | Result |
|---|---|---|
| Auditor appointment (III.B, V.A.1) | 3.3 proposed Board matter | Consistent if the Committee recommends. Bracketed pending counsel. |
| Audited financial statements (V.B.1) | 3.3 proposed Board matter | Consistent: the Committee recommends and the Board approves. |
| Reserved matters (III.E) | 3.2, 3.4 | Consistent: the Committee may only recommend. |
| Related-party transactions (V.E.3) | 3.3, 7.4 | Approval body is open. A reserved-matter RPT still needs 3.2 approval. |
| Safety risk (V.D.4) | 6.1, 6.5 | Overlap with the possible Safety & Operations Committee. Unresolved. |
| Family-member employment and pay (V.E.3) | 6.5 | Overlap with the future Compensation Committee. Unresolved. |
The file it wrote: tidewell-governance-pack/04-governance-calendar-2027.md
DRAFT - for counsel review - not adopted
ANNUAL GOVERNANCE CALENDAR 2027
TIDEWELL SOLAR HOLDINGS, INC.
Fiscal year: 1 January - 31 December 2027
What is fixed and what is proposed.
- Fixed (from the company's facts): fiscal year end 31 December; six regular Board
meetings a year, one every two months; the lender deadlines (audited annual financials within
120 days of FYE; compliance certificates within 45 days of quarter end); the independent
seat to be filled by March 2027; the Compensation Committee to be created in 2027; D&O
policy renewed July 2026.- Proposed (needs a decision): which months the Board meets in, the Audit & Risk
Committee schedule, and the annual shareholders' meeting month.- Not set: specific meeting dates are left as
[DATE].Why these months. The Board months (Feb / Apr / Jun / Aug / Oct / Dec) were chosen so that:
> - the April meeting falls before the 30 April audited-financials deadline;
> - the December meeting can approve the next year's budget before the year starts; and
- each Audit & Risk meeting falls before a lender deadline.
Lender deadlines below are calculated in calendar days from the dates in the brief. Whether a
deadline that falls on a weekend rolls to the next business day depends on the credit
agreement:COUNSEL TO CONFIRM.
0. Before 2027 (October - December 2026)
| Action | Owner | Note |
|---|---|---|
| Outside counsel reviews this pack | Outside counsel | Open items in 05-open-items.md |
| Designate a Corporate Secretary function | Executive Chair / CEO | Prerequisite for every row below. Today the board runs from the founder's inbox. |
| Approve this 2027 calendar | Board, at its last 2026 meeting [DATE: NOT PROVIDED] | So that the 2027 dates are fixed before the year starts |
| 2027 annual budget approved? | Board (reserved matter: needs both Granite Arch directors) | [STATUS: NOT PROVIDED]. If not approved before 1 Jan 2027, add it to the February agenda. |
1. Calendar overview
| Month | Board | Audit & Risk | Compensation (to be created 2027) | Safety & Operations (requested - undecided) |
|---|---|---|---|---|
| Jan | ||||
| Feb | ✓ [DATE] | ✓ before 14 Feb (Q4-2026 certificate) | Board decides composition | Board decides whether to form |
| Mar | ||||
| Apr | ✓ [DATE], before 30 Apr | ✓ (FY2026 audited financials) | Established; charter adopted (proposed) | If formed: charter adopted |
| May | ✓ before 15 May (Q1 certificate) | per its charter [NOT DRAFTED] | If formed: per its charter [NOT DRAFTED] | |
| Jun | ✓ [DATE] | per its charter | per its charter | |
| Jul | per its charter | per its charter | ||
| Aug | ✓ [DATE] | ✓ before 14 Aug (Q2 certificate) | per its charter | per its charter |
| Sep | per its charter | per its charter | ||
| Oct | ✓ [DATE] | per its charter | per its charter | |
| Nov | ✓ before 14 Nov (Q3 certificate; FY2027 audit plan) | per its charter | per its charter | |
| Dec | ✓ [DATE] | per its charter | per its charter |
The Board meets six times, as the company's facts require. The Audit & Risk Committee meets
five times, which satisfies the "at least quarterly" frequency recommended in A&R Charter
Part IV.A (the minimum itself is a placeholder until the Board sets it).
2. Monthly detail
Q1
JANUARY
| Activity | Owner |
|---|---|
| Send directors the annual conflict-of-interest disclosure / D&O questionnaire [FORM NOT YET ADOPTED] | Corporate Secretary |
| Begin FY2026 year-end audit fieldwork [AUDITOR AND TIMETABLE: NOT PROVIDED] | CFO / auditor |
| Prepare the Q4-2026 compliance certificate | CFO |
| Pre-appointment steps for the independent director candidate [CANDIDATE: NOT PROVIDED] | Chair / Corporate Secretary |
FEBRUARY
| Activity | Owner |
|---|---|
| A&R meeting, before 14 Feb (a Sunday): Q4-2026 compliance certificate; FY2026 audit status; risk register; safety report [if Alternative 1 in A&R Charter V.D.4] | A&R Chair |
| Q4-2026 compliance certificate due: 14 Feb 2027 (Sun) | CFO |
| BOARD MEETING [DATE] | Chair |
| - FY2026 preliminary results; A&R report | |
| - Adopt the Board Charter and A&R Charter (if counsel review is complete); adopt the minutes and resolution formats | |
| - Decide the chair / lead independent director question (Board Charter Art. IV) | |
| - Decide whether to form a Safety & Operations Committee; decide Compensation Committee composition | |
| - Appoint the independent director if the candidate is ready [APPOINTMENT MECHANISM: COUNSEL TO CONFIRM] | |
| - 2027 budget, if not approved in 2026 (reserved matter) | |
| - Safety report (proposed standing item at every meeting) | |
| - Executive session |
MARCH
| Activity | Owner |
|---|---|
| Deadline: independent seat filled | Board |
| New director onboarding begins: governance documents, executive briefings, site visit | Corporate Secretary |
| Board decides the annual shareholders' meeting month (proposed: June) after counsel checks the bylaws | Board / counsel |
Q2
APRIL
| Activity | Owner |
|---|---|
| A&R meeting: FY2026 audited financial statements; executive session with the auditor; recommendation to the Board | A&R Chair |
| BOARD MEETING [DATE], to be held before 30 Apr (a Friday) | Chair |
| - Approve FY2026 audited financial statements (proposed Board matter, Board Charter 3.3) | |
| - New independent director's first meeting | |
| - Committee appointments, including whether the new director joins A&R | |
| - Establish the Compensation Committee and adopt its charter (proposed) | |
| - Call the annual shareholders' meeting [NOTICE PERIOD AND RECORD DATE: COUNSEL TO CONFIRM] | |
| - Safety report; executive session | |
| FY2026 audited financials due to lender: 30 Apr 2027 (Fri) | CFO |
MAY
| Activity | Owner |
|---|---|
| A&R meeting, before 15 May (a Saturday): Q1-2027 compliance certificate | A&R Chair |
| Q1-2027 compliance certificate due: 15 May 2027 (Sat) | CFO |
| Send notice of the annual shareholders' meeting [TIMING: COUNSEL TO CONFIRM] | Corporate Secretary |
JUNE
| Activity | Owner |
|---|---|
| Annual shareholders' meeting [PROPOSED MONTH, after audited financials are delivered; DATE: NOT PROVIDED] | Chair / Corporate Secretary |
| BOARD MEETING [DATE] | Chair |
| - Q1 results; A&R report (May meeting) | |
| - Post-shareholders'-meeting organization: officers and committee appointments [IF BYLAWS REQUIRE: COUNSEL TO CONFIRM] | |
| - Review of D&O insurance renewal (policy renewed July 2026; next renewal July 2027 if the term is annual) | |
| - Adopt the related-party transaction policy, whistleblower policy and refreshed code of conduct (target) | |
| - Safety report; executive session |
Q3
JULY
| Activity | Owner |
|---|---|
| D&O insurance renewal [IF ANNUAL TERM] | CFO / broker |
| New independent director 90-day checkpoint (if seated in March) | Chair / Corporate Secretary |
AUGUST
| Activity | Owner |
|---|---|
| A&R meeting, before 14 Aug (a Saturday): Q2-2027 compliance certificate | A&R Chair |
| Q2-2027 compliance certificate due: 14 Aug 2027 (Sat) | CFO |
| BOARD MEETING [DATE] | Chair |
| - Q2 / half-year results; A&R report | |
| - Mid-year strategy review; launch of the 2028 budget process | |
| - Safety report; executive session |
SEPTEMBER
| Activity | Owner |
|---|---|
| Management prepares the draft 2028 budget | CEO / CFO |
Q4
OCTOBER
| Activity | Owner |
|---|---|
| BOARD MEETING [DATE] | Chair |
| - Strategy session; preliminary 2028 budget | |
| - Launch the annual Board and committee evaluation (led per Board Charter Art. VIII) | |
| - Safety report; executive session |
NOVEMBER
| Activity | Owner |
|---|---|
| A&R meeting, before 14 Nov (a Sunday): Q3-2027 compliance certificate; FY2027 audit plan, engagement and fees (the FY2027 deadline is 29 Apr 2028); annual risk register review; A&R self-assessment and charter review | A&R Chair |
| Q3-2027 compliance certificate due: 14 Nov 2027 (Sun) | CFO |
| Collect Board evaluation responses | Corporate Secretary |
DECEMBER
| Activity | Owner |
|---|---|
| BOARD MEETING [DATE] | Chair |
| - Approve the 2028 annual budget (reserved matter: needs approval of both Granite Arch directors) | |
| - Approve the 2028 governance calendar; annual review of the Board Charter and committee charters | |
| - Board evaluation results (executive session) | |
| - Independence determinations (once the definition is adopted); annual code of conduct certifications | |
| - A&R report (November meeting); safety report | |
| Fiscal year end: 31 Dec 2027 |
3. Compliance deadline tracker
| Filing/Requirement | Deadline | Owner | Board role |
|---|---|---|---|
| Q4-2026 compliance certificate (lender) | 14 Feb 2027 (Sun). Business-day roll: COUNSEL TO CONFIRM. Whether the credit agreement requires a separate Q4 certificate or combines it with the annual financials: COUNSEL TO CONFIRM | CFO [NAME: NOT PROVIDED] | A&R review (Feb) |
| FY2026 audited financial statements (lender) | 30 Apr 2027 (Fri) | CFO; auditor [NOT PROVIDED] | A&R recommends; Board approves (Apr), proposed |
| Q1-2027 compliance certificate (lender) | 15 May 2027 (Sat). Roll: COUNSEL TO CONFIRM | CFO | A&R review (May) |
| Q2-2027 compliance certificate (lender) | 14 Aug 2027 (Sat). Roll: COUNSEL TO CONFIRM | CFO | A&R review (Aug) |
| Q3-2027 compliance certificate (lender) | 14 Nov 2027 (Sun). Roll: COUNSEL TO CONFIRM | CFO | A&R review (Nov) |
| Look-ahead: Q4-2027 compliance certificate | 14 Feb 2028 (Mon) | CFO | A&R review (Feb 2028) |
| Look-ahead: FY2027 audited financial statements | 29 Apr 2028 (Sat). 2028 is a leap year, so day 120 is 29 April, not 30 April | CFO; auditor | A&R plans the audit in Nov 2027 |
| Independent board seat filled | By March 2027 | Chair [+ nominating party per Shareholders' Agreement: COUNSEL TO CONFIRM] | Board appoints [MECHANISM: COUNSEL TO CONFIRM] |
| Compensation Committee established | During 2027 (proposed April) | Board | Board resolution and charter |
| Annual shareholders' meeting | Proposed June 2027. Date and window under the bylaws: COUNSEL TO CONFIRM | Corporate Secretary | Board calls the meeting |
| D&O insurance renewal | July 2027, if the term is annual (policy period NOT PROVIDED) | CFO / broker | Board review (Jun) |
| State utility commission approvals and filings | NOT PROVIDED. List of obligations to come from counsel | [OWNER: NOT PROVIDED] | Board authorization, if required: COUNSEL TO CONFIRM |
| Shareholder information-rights deliverables (Shareholders' Agreement) | NOT PROVIDED. COUNSEL TO CONFIRM | CFO | - |
| State corporate filings | NOT PROVIDED. COUNSEL TO CONFIRM | Corporate Secretary | - |
Recommended internal practice (proposed): set an internal target of the last business day
before each lender deadline that falls on a weekend, whatever the credit agreement's roll
convention turns out to be.
4. Responsibility matrix
| Activity | Primary | Support | Approval |
|---|---|---|---|
| Board meeting schedule and agendas | Corporate Secretary [TO BE DESIGNATED] | CEO (Simone Achebe) | Chair [and Lead Independent Director, if any - Art. IV decision] |
| Board package assembly and distribution | Corporate Secretary | CFO; executive team | Chair |
| Minutes and minute book | Corporate Secretary | Outside counsel | Board (at the next meeting) |
| Reserved-matter resolutions (Board Charter 3.2) | Outside counsel | Corporate Secretary | Board, including both Granite Arch directors |
| Lender compliance certificates | CFO [NAME: NOT PROVIDED] | Finance team | A&R review; signatory [NOT PROVIDED] |
| Audited financial statements | CFO | Auditor [NOT PROVIDED] | A&R recommends; Board approves |
| A&R meeting preparation | Corporate Secretary | CFO | A&R Chair (Dr. Henry Lusk) |
| Safety report to Board / committee | [OWNER: NOT PROVIDED - e.g. head of safety / operations] | CEO | Board or Safety & Operations Committee (decision pending) |
| State utility commission obligations tracking | [OWNER: NOT PROVIDED] | Outside counsel | A&R oversight |
| Conflict disclosures / D&O questionnaires | Corporate Secretary | Outside counsel | Board |
| New director onboarding | Corporate Secretary | CEO; CFO | Chair |
| Board evaluation | Corporate Secretary | Outside counsel (optional) | Led per Board Charter Art. VIII |
| Annual shareholders' meeting | Corporate Secretary | Outside counsel | Board |
| Insurance renewals | CFO | Broker | A&R review; Board |
5. Reminder schedule (proposed)
T = meeting date; L = the materials lead time the Board sets (current practice: 3 business days).
| When | Action | Owner |
|---|---|---|
| T - L - [N: NOT PROVIDED] business days | Paper owners submit drafts to the Corporate Secretary | Executive team |
| T - L | Package distributed. Late papers follow Board Charter 5.5(C) | Corporate Secretary |
| T + [N: NOT PROVIDED] days | Draft minutes circulated | Corporate Secretary |
| Lender deadline - [N: NOT PROVIDED] business days | Draft certificate to A&R Chair | CFO |
The file it wrote: tidewell-governance-pack/05-open-items.md
DRAFT - for counsel review - not adopted
OPEN ITEMS
TIDEWELL SOLAR HOLDINGS, INC. - Governance Pack
Each item below is a placeholder in one of the drafts. Each is phrased as a question for whoever
must answer it. References: GA = gap assessment, BC = Board Charter, ARC = Audit & Risk
Committee Charter, CAL = 2027 calendar.
A. Company / Board decisions (Tidewell)
- Chair structure. Executive Chair (status quo), Executive Chair plus a Lead Independent
Director, or an independent Chair? (BC Art. IV, Alternatives A/B/C; also decides who presides
at executive sessions and leads the evaluation: BC 5.4, 8.1) - Safety & Operations Committee. Form one, or keep safety oversight with A&R? (BC 6.1; ARC
V.D.4, Alternatives 1/2; CAL column) - Compensation Committee. Who sits on it, and when is it established (proposed April 2027)?
(BC 6.1; CAL) - Who will perform the Corporate Secretary function, and through what channel will Board
materials be distributed instead of the founder's inbox? (BC 5.5(A); CAL §0, §4) - Materials lead time. The current practice is 3 business days. What should the standard
be? And who, besides the Chair, must agree before a late paper can be taken? (BC 5.5(B)-(C)) - Board months. Do Feb / Apr / Jun / Aug / Oct / Dec work? What are the specific dates?
(CAL §1) - Annual shareholders' meeting. Fix it in June (proposed), subject to the bylaws? (CAL)
- 2027 budget. Will it be approved before 1 January 2027? If not, it goes on the February
agenda. (CAL §0) - Proposed Board-approval matters. Adopt the matters in BC 3.3? What thresholds apply to
capex outside budget, divestitures, material contracts and litigation settlements? - Delegation of authority. What may management approve below the Board's thresholds?
(BC 1.2; GA) - A&R composition. What is the minimum number of members? Should the incoming independent
director join? How does the committee act if one of two members recuses? (ARC II.A,
V.E.3) - A&R meetings and limits. What are the minimum meeting frequency, the quorum, and the
advisor spending limit? Does the committee review compliance certificates before or after
delivery? (ARC III.A, IV.A-B, V.B.2) - Committee overlaps. Which committee leads on (a) safety risk and (b) pay of family
members employed by the Company? (BC 6.5; ARC V.D.4, V.E.3) - Individual director assessments. Will there be any, and who conducts them? (BC 8.3)
- Names and owners. Who is the CFO / finance lead? Who signs the lender compliance
certificates? Who owns the safety report? Who owns state utility commission tracking?
(CAL §3-4) - Independent-director candidate and timing. Is a candidate identified? Target
appointment at the February meeting, or in March outside a meeting? (CAL) - Minutes procedure. How many days after a meeting should draft minutes circulate? How
many days before a lender deadline should the draft certificate go to the A&R Chair? (BC
5.6; CAL §5) - Attendance and orientation. Is there a minimum attendance expectation? What is the
orientation period for new directors? (BC 5.7, 7.8)
B. Outside counsel
- Shareholders' Agreement (April 2026). Please confirm:
- the definitions of "debt" and "acquisition", and whether thresholds are per transaction
or aggregate; - whether "issuing new equity" includes incentive grants;
- what happens if a Granite Arch director is absent, conflicted or the seat is vacant;
- whether a reserved-matter approval may be given by written consent;
- whether the CEO director votes on their own hiring or removal. (BC 3.2)
- the definitions of "debt" and "acquisition", and whether thresholds are per transaction
- Seats and leadership under the Shareholders' Agreement. Does it set board size, seat
designation and nomination rights (including the independent seats and any family rights),
committee seat rights, chair or lead-independent-director provisions, and an independence
definition? (BC 2.1-2.3, 4.1, 6.3; ARC II.B) - Information sharing. May Granite Arch directors share information with Granite Arch
Partners? What is the corporate-opportunity position for Granite Arch's other investments?
(BC 7.3-7.4) - Bylaws (2018) conformity. Check against the Shareholders' Agreement on: quorum, voting
standard, special-meeting calls and notice, written consent, remote attendance, officer roles
(Executive Chair), committee authority limits, term and election mechanics, vacancy filling,
and annual meeting timing, notice and record date. Which document prevails? (BC 1.3,
2.5-2.6, 5.2-5.3, 5.7, 6.2) - Charter document. Is it a certificate of formation or articles of incorporation, and of
what date? What are its authorized shares, director-liability, indemnification and
corporate-opportunity provisions? (GA; BC 1.1, 7.7) - Fiduciary duties. What is the correct formulation of Texas-law fiduciary duties, and how
do they apply to directors designated by a shareholder? (BC 7.1) - Credit agreement. Please confirm:
- the business-day convention for deadlines that fall on a weekend (4 of the 7 deadlines in
the 2027 cycle do); - whether a separate Q4 compliance certificate is required;
- who must sign the certificates;
- any restriction on debt, acquisitions or equity that overlaps the reserved matters;
- any requirement about who appoints the auditor. (CAL §3; BC 3.2; ARC III.B)
- the business-day convention for deadlines that fall on a weekend (4 of the 7 deadlines in
- State utility commission approvals. Which commissions and projects are involved? Are
there governance obligations, filings or board-authorization requirements? (GA; BC 3.3; CAL
§3) - Auditor appointment. Where does the authority to appoint the independent auditor sit:
the Board, the A&R Committee, or the shareholders? (ARC III.B) - Policies. Is a whistleblower or related-party transaction policy required by statute or
contract (as opposed to good practice)? Who should approve related-party transactions, and
how does a Granite Arch conflict interact with its reserved-matter approval right? (GA; ARC
V.E.2-3) - Indemnification. Is the incoming independent director adequately covered by the bylaws
alone, or is an indemnification agreement needed? (GA) - Other filings. What state corporate filings, and what Granite Arch information-rights
deliverables, should go on the calendar? (CAL §3) - Independent director appointment. What is the mechanism for filling the vacant seat (Board
or shareholders)? (BC 2.6; CAL)
C. Auditor / CFO
- Auditor details. Which firm is it? What is the FY2026 audit timetable, and is it
consistent with delivering the audited financials by 30 April 2027? (CAL Jan / Apr) - Accounting matters for A&R. Which significant accounting policies and estimates
specific to solar development and construction should A&R review? (ARC V.B.3) - Internal audit. Does an internal audit function exist? (ARC V.C.3)
- D&O policy. What is the policy period, and does coverage respond to claims arising from
the 2026 safety incidents? (Broker to confirm.) (GA; CAL Jun / Jul)
D. Corporate Secretary (once designated)
- Set up the minute book and the minutes and resolution formats, recording each Granite Arch
director's vote on reserved matters by name. (BC 5.6) - Adopt the director conflict-disclosure / D&O questionnaire form for January distribution.
(CAL Jan) - Maintain the risk register cadence agreed with A&R. (ARC V.D.1)
Out of scope for this pack: final binding legal drafting, regulatory filings with state
utility commissions, and assessments of individual directors. The Compensation and Safety &
Operations charters, board-package template, minutes template, compliance forms and onboarding
plan were not requested. They can be drafted next on request.
It also wrote tidewell-governance-pack/Tidewell-Governance-Pack-DRAFT-for-counsel.docx (not shown here).
board-governance-pack.pdf
PDF · document
Example file from a real run - the skill writes it into your workspace.
Connects securely to your tools. The creator never sees your data.
What you get
About this skill
For corporate secretaries, general counsel, CFOs, and founders preparing a board for growth, an IPO, a regulator, or an annual governance review. Give it your entity type, board make-up, committees, meeting cadence, and existing documents, and it produces a gap assessment, then the pieces you choose: a board charter with reserved powers, committee charters, a board package template, minutes and resolution formats, an annual governance calendar with owners, director compliance forms, and a 90-day onboarding plan. Every threshold, quorum rule, and deadline comes from what you supply. Anything missing becomes a labelled placeholder, and no regulatory citation is asserted unless you provided it. Each document is marked as a draft for counsel review, and the pack ends with an open-items list grouped by who must answer. It produces no final legal documents, filings, or proxy statements.
What's in the zip
SKILL.md: the skill.references/recipe.md: the full step-by-step recipe (about 14,500 words) with templates and worked examples.evals/: three test cases you can run to check its behavior.LICENSE.txt: single-purchaser license; use it in your own work, including for clients.
Part of the Executive & Board Pack (10 skills). The demo below is a real run on a fictional company: Claude's reply, then the full document it wrote.
How to install
Works the same in every agent - Claude, Cursor, Codex, Copilot and 20+ more.
- 1
Download the ZIP
Free skills download straight away. Paid skills unlock right after purchase.
- 2
Unzip into your skills folder
Every agent reads skills from one folder on your machine. Drop the unzipped folder in there.
- 3
Ask your agent to use it
Restart the agent if it was already running. It picks the skill up automatically - no config needed.
Skills folder by agent
Click the path to copy it. Create the folder if it does not exist yet.
Reviews
No reviews yet
Be one of the first to try it. Every listed skill passes our trust checks below.
Security scanned
Passed our 8-point scan before listing
Fresh listing
Recently published to Agensi
30-day refund
Not a fit? Get your money back
Trust & safety
Security scanned
Verified clean 1 day ago
- Passed all security checks, Safe to install