Washington County Riverboat Foundation Inc

“There were four significant changes to the by-laws in 2015: 1. The number of minimum directors increased from six to seven 2. The maximum number of allowable consecutive full three year terms was reduced from three to two 3. After serving the maximum number of consecutive terms the required waiting period before being able to serve on the board again was increased from one year to three years 4. A new provision was added to the qualification of directors, it is now stipulated that no more than 20% of the board of directors can consist of persons who are elected officials”

“The form 990 is prepared by an independent accounting firm. A copy of the 990 tax return is provided to the washington county riverboat foundation board of directors to review prior to filing the return.”

“The organization does have a written conflict of interest policy. It is enforced and each board member is required to sign off on the policy annually. If any director observes, learns of, or in good faith, believes it is possible that another affiliated individual has violated any provision of this conflict of interest policy, that director must immediately report the actual or suspected violation to the chair of the executive committee or to foundation staff. The executive committee has an obligation to investigate, address promptly, take appropriate action, and treat as confidential all reported violation. Records and minutes of board, board committee, and other foundation deliberations, decision, and votes will accurately record the existence of conflict situations, including any disclosure, recusal, and absence of the affiliated individual involved.”

“No officer or board member receives compensation and therefore no formal policy to determine the amount of compensation exists.”

“The governing documents, conflict of interest policy and financial statements are available upon request.”

“No change in the oversight or selection process.”