Insured Retirement Institute Inc

“Insured retirement institute, inc. (iri) has only one class of members. Each member of the corporation shall be entitled to one (1) vote for the election of directors of the corporation. Such vote may be conducted by mail or electronic means. Members shall have no other voting rights. A member may authorize another person or persons to act for it by proxy, but no proxy shall be voted or acted upon after eleven months from the date thereof, unless a longer period is expressly provided in the appointment.”

“John kennedy and kevin kennedy have a familial relationship.”

“Insured retirement institute, inc. (iri) has only one class of members. Each member of the corporation shall be entitled to one (1) vote for the election of directors of the corporation. Such vote may be conducted by mail or electronic means. Members shall have no other voting rights. A member may authorize another person or persons to act for it by proxy, but no proxy shall be voted or acted upon after eleven months from the date thereof, unless a longer period is expressly provided in the appointment.”

“There shall be an executive committee composed of the chair, immediate past chair (if still in service as a duly elected director), president, vice chair, treasurer, secretary, and such other directors as may be determined by the board of directors. The executive committee has authority to take action for the corporation in accordance with its certificate of incorporation and bylaws and the policies and instructions of the board of directors between meetings of the board of directors.”

“Cohnreznick llp will provide the completed 990 to iri. The chief operating officer will review the 990 and make sure it balances back to the financial statements and the chief legal officer will review the 990 for accuracy and completeness. Then the president/chief executive officer will review and sign the 990. A copy of the 990 will be presented to the board of directors. If there is sufficient time before the filing due date, the board will review, discuss, and approve the 990 before it is electronically filed with the irs. Otherwise, the board will review, discuss and approve or recommend an amendment of the 990 after it has been electronically filed.”

“Pursuant to the conflict of interest policy adopted by the board of directors, all members of the board of directors and all officers have a fiduciary duty to act at all times in the best interests of the association, and have an affirmative obligation to (1) identify and disclose the existence of any facts or circumstances that may constitute actual or potential conflicts of interest, and (2) minimize the impact of such conflicts on the actions of iri whenever possible. When acting in their capacity as a director or officer, all directors and officers must disclose any business, professional, or personal interest or other conflict of interest in a matter or any relationship that may call into question whether the covered individual is acting in the best interests of the association before participating in any decision-making or taking any action on behalf of the association regarding that matter. All directors and officers must subordinate personal, business, third-party, and other interests to the welfare and best interests of the association. The board of directors has delegated its authority to review and resolve any actual or potential conflicts of interest to the executive committee. Only disinterested members of the executive committee may participate in any such review. The disinterested members of the executive committee shall determine whether a conflict exists that is reasonably likely to have a material and adverse impact on the interests of the association, and if so, the executive committee shall determine whether disclosure is sufficient to address the conflict or if further remedial measures are required. Remedial measures may include but are not limited to recusal of the covered individual from deliberation, debate, and/or voting related to particular matters pending before the board or other iri member groups. The specific response will be determined based on the nature of the conflict, its potential for affecting the covered individual's undivided loyalty to iri, the significance of the iri decision or action, and any other relevant factors. The executive committee shall inform the board of such determinations and remedial measures. The board retains ultimate enforcement authority with respect to the interpretation and application of this policy and as such, may modify or reverse such determinations and remedial measures.”

“The executive committee reviews the president/chief executive officer (ceo)'s performance annually and determines the officer's salary increase or bonus. The president/ceo determines compensation adjustments for all other staff. Job descriptions were updated in 2020 and a complete compensation review was conducted in 2022.”

“The organization does not make its governing documents, conflict of interest policy, or financial statements available to the public.”