Senatus consultum on the appointment of a CFO

Appointment of a CFO

“1. By this senatus consultum, the Senate hereby defines the position of Chief

Financial Officer (herein designated as "CFO"). An individual shall be

appointed to the position of CFO by senatus consultum, passing by no less than a

two-thirds majority vote, for a term specified by the same, but in no case

longer than thirty-six months.

2. An individual appointed to, and accepting of, the position of CFO,

shall be given access to all financial data and accounts, including

but not limited to the deposit, credit, and brokerage accounts of the

corporation and its associated entities, and all access methods

thereto, as well as the surface mail directed to Nova Roma, Inc.

3. The CFO shall report directly to the co-presidents of Nova Roma, or in their

absence, the co-vice presidents, and through them, to the Board of Directors.

4. The CFO shall have the ability to appoint and dismiss assistants as it sees

fit, not to exceed four individuals, who shall be treated as under direct

appointment by the Board of Directors. For their

service, these individuals shall receive an amount of century points

equal to those of regularly appointed scribae.

5. An incoming CFO shall be appointed to a term so as to overlap that of an

outgoing CFO by three months, during which time the incoming CFO

shall co-operate with the outgoing CFO to ensure smooth transition of

necessary access to records and operations as outlined elsewhere in

this and relevant consulta. An incoming CFO, during this three-month

period, shall also assess the financial status and performance of the

corporation and report the same to the Board of Directors, and

complete and analysis of the financial results of the corporation and

develop recommendations for future measures.

6. An individual accepting appointment to the position of CFO may hold no other

position within Nova Roma, as defined and allowed for by Section II.B. of the

Lex Vedia Centuriata (or any such legislation as replaces the same), excepting a

seat as Senator. Standing for office by a sitting CFO shall be understood as

the announcement of resignation, to be effective on the starting date of the

position for which the individual is standing. Such a resignation will still be

effective even if the individual does not come to hold the office.

7. In the event of a vacancy in the position of CFO, the consuls shall

have the authority to appoint, from the appointed assistants to the

previous CFO, a CFO "pro tempore", for a term to last no longer than

six months from the date of appointment. By the end of that time, the

Board of Directors must appoint a new CFO, to serve the remainder of

the previous incomplete term, or if less than six months remain of

that term, to start a new term.

8. The CFO shall have overall responsibility for the financial data of

Nova Roma and its associated entities, and shall oversee all financial

operations of the organisation, including, butn not limited to: those

undertaken by those individuals elected by the comitia, those

undertaken by the provinciae and their subsidiaries, those undertaken

by the sodalitates, and those undertaken by the sacerdotes publici as

appointed by the Senate, Collegium Pontificum, or other body so

empowered.

9. The CFO shall be responsible for the development and recommendation of

financial protocols to ensure proper compliance with laws and regulations, both

inside and outside Nova Roma, shall be responsible for the monitoring of

internal financial controls and procedures, and shall produce financial reports

to be provided to the Board of Directors at such frequency as required by Nova

Roman law.

10. The CFO shall maintain financial oversight of all accounting

practises, budget and cash management, oversight of debt financing,

and shall undertake those administrative tasks related to maintaining

the financial welfare of the corporation.

11. The CFO shall also oversee budgetary planning, make recommendations for

budgetary measures, represent the organization to the financial community, work

with the officers and other elected and appointed individuals to ensure

operational success and compliance, minimize potential risks to the

organization, and oversee business insurance

plans.

12. The Senate of Nova hereby appoints Lucius Cornelius Sulla Felix as CFO of

Nova Roma, Inc.”