# 29 CFR § 4002.7: Director of the Corporation and senior officers

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-29-4002.7

## Section

- **Citation:** 29 CFR § 4002.7
- **Heading:** Director of the Corporation and senior officers
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 29—Labor > Subtitle B—Regulations Relating to Labor > CHAPTER XL—PENSION BENEFIT GUARANTY CORPORATION > SUBCHAPTER A—GENERAL > PART 4002—BYLAWS OF THE PENSION BENEFIT GUARANTY CORPORATION

## Text

(a) Director of the Corporation. Section 4002(a) and (c) of ERISA establish that the Corporation is administered by a Director. Subject to policies established by the Board, the Director is responsible for the Corporation's management, including its personnel, organization and budget practices, and for carrying out the Corporation's functions under Title IV of ERISA. The Director will timely provide the Board any information necessary to assist the Board in exercising its statutory responsibilities. The Director must submit the Corporation's budget to the Chair of the Board for review and approval before formally submitting the budget to OMB.
(b) Senior officers. The senior officers of the Corporation report directly to the Director. The Director must consult with the Board before eliminating or creating a senior officer position or making an appointment to a senior officer position.

## Nearby sections

- [29 CFR § 4001.1 § 4001.1 Purpose and scope.](https://www.frixlaw.com/law-library/statutes/ecfr-29-4001.1.md)
- [29 CFR § 4001.2 § 4001.2 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-29-4001.2.md)
- [29 CFR § 4001.3 § 4001.3 Trades or businesses under common control; controlled groups.](https://www.frixlaw.com/law-library/statutes/ecfr-29-4001.3.md)
- [29 CFR § 4002.1 § 4002.1 Board of Directors, Chair, and Representatives of Board Members.](https://www.frixlaw.com/law-library/statutes/ecfr-29-4002.1.md)
- [29 CFR § 4002.2 § 4002.2 Quorum.](https://www.frixlaw.com/law-library/statutes/ecfr-29-4002.2.md)
- [29 CFR § 4002.3 § 4002.3 Meetings.](https://www.frixlaw.com/law-library/statutes/ecfr-29-4002.3.md)
- [29 CFR § 4002.4 § 4002.4 Place of meetings; use of conference call communications equipment.](https://www.frixlaw.com/law-library/statutes/ecfr-29-4002.4.md)
- [29 CFR § 4002.5 § 4002.5 Voting without a meeting.](https://www.frixlaw.com/law-library/statutes/ecfr-29-4002.5.md)
- [29 CFR § 4002.6 § 4002.6 Conflict of interest.](https://www.frixlaw.com/law-library/statutes/ecfr-29-4002.6.md)
- [29 CFR § 4002.7 § 4002.7 Director of the Corporation and senior officers.](https://www.frixlaw.com/law-library/statutes/ecfr-29-4002.7.md)
- [29 CFR § 4002.8 § 4002.8 Emergency procedures.](https://www.frixlaw.com/law-library/statutes/ecfr-29-4002.8.md)
- [29 CFR § 4002.9 § 4002.9 Seal.](https://www.frixlaw.com/law-library/statutes/ecfr-29-4002.9.md)
- [29 CFR § 4002.10 § 4002.10 Authority and amendments.](https://www.frixlaw.com/law-library/statutes/ecfr-29-4002.10.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-29-4002.7. Check the current official text before relying on it. Not legal advice.