Indeed, the board can approve or reject the county's budget and all other major financial commitments. (nypost.com)
When he was appointed, the City's Conflict of Interest board advised mayor Bloomberg that he was allowed to be involved with only four broad areas of the company: «the sale of all or part of the company, the sale or purchase of significant assets, major financial commitments like loans, and major changes in employee compensation or structure.» (slaw.ca)
Skype may work, but meeting in person for a major financial commitment is best. (entrepreneur.com)