Fair Factories Clearinghouse Inc Co Abbott and Com

“There are no committees that currently act on behalf of the board.”

“Form 990 is submitted to the organization's accounting firm for a detailed review. The return is discussed with the board of directors and executive director. Once the organization approves of the 990, a final version is printed and submitted to the organization for their signature”

“A conflict of interest disclosure statement in the form shall be furnished annually by each director and covered employee disclosing any anticipated or possible conflict situations. Covered employees shall be senior employees, other employees who have a decision making role in hiring or contracting or any other employee whom the executive director determines should be a covered employee. Each new director or employee shall be advised of the policy and furnished a disclosure statement upon undertaking the duties of such position. This is monitored by the executive director. When any conflict of interest is involved in a matter requiring action by the board of directors, the interested director shall not vote on such matter. However, the interested person may, if they elect to in their sole discretion, briefly state her/his position on any matter and answer pertinent questions of other board or committee members since her/his knowledge may be of assistance with respect to the board's deliberations on such matter. In each such case, the interested person shall recuse her/himself when the vote on the matter is called. If a person recuses her/himself, she/he shall leave the room during the discussion and during the vote on the issues if requested to do so by a majority vote of the board or applicable committee. When there is doubt as to whether or not a conflict exists, the matter shall be resolved by a vote of the board, excluding the potentially interested person. When any conflict of interest may be involved in a matter involving an employee, such employee shall notify the executive director of ffc, which shall constitute notice to the board, and if the conflicted person is the executive director, he/she shall notify the board chair.”

“The executive director's compensation is based upon the competitive salary rates for the responsibility and duties performed. The compensation package is subject to board approval. For all employees besides the executive director, an overall rate increase is targeted. The management team provides input regarding each employee's performance in the past year and proposed rate increase. The proposed rate increase is reviewed with the employee and then applied in the first paychex of the new calendar year. All board of directors volunteer their time and receive no compensation for services donated.”

“The conflict of interest policy and financial statements will be made available to the public upon request.”