American Orthopaedic Association

“Classes of members or stockholders - the organization has members. There are various classes of membership with qualifications and criteria for each.”

“General membership votes annually to elect voting members of the governing body.”

“The members vote upon/approve changes to the bylaws.”

“The association's form 990 is submitted to the association's management staff for review. An electronic copy of the form is also provided to all members of the board to review. Questions and comments on the form 990 by the executive director and board members are directed back to the cpa for resolution. After all discussion points are resolved, the forms are finalized and provided to an aoa officer for final review and signature.”

“The association collects relevant conflict of interest information from all standing committee and board members including financial information associated with each conflict of interest category. At each meeting, members verbally provide updates to the disclosures made once annually and each committee chair manages the conflict/recusal process when a potential conflict arises relevant to the topic of discussion at hand. The association-elected physician leadership retains ultimate approval authority over the policy and administration.”

“The compensation process for top official is established by written contract and reviewed by the compensation committee (top elected leadership). Contractual parameters for compensation reviewed by outside counsel to assure comparable compensation for similarly qualified persons in functionally comparable positions at similar organizations. The compensation committee reviews and adjusts annually based on contractual parameters.”

“Governing documents and excerpts of information are available on the website, otherwise upon request.”

“The association provides certain staff to omega medical grants association, for which aoa is the sole member. All expenses associated with such staffing are reimbursed by omega to the association.”

“Loss on disposal -130,743.”

“The organization's board of directors is responsible for the selection of the independent accountant and the oversight of its annual audit. This process was not changed during the year.”