American Institute for Chartered Property

“The board of directors functions between meetings through an executive committee which has the authority to act on behalf of the board in between meetings except that the executive committee does not have the powers to: 1) fill vacancies in the board of directors; 2) adopt, amend or repeal the articles of incorporation or bylaws; or 3) amend or repeal any resolutions adopted by the entire board.”

“The form 990 is prepared by a third-party accounting firm and reviewed by management. The form 990 was provided to the executive committee of the board of directors for review and approval before filing.”

“The conflict of interest policy is distributed to all officers, directors, and key employees ("covered officials) on an annual basis. Each covered official must complete an annual conflict of interest statement of disclosure. If a conflict is identified, it is evaluated and may be approved if it is determined to be just, fair, and reasonable to the organization. If it is determined that the conflict is not just, fair, and reasonable to the organization, appropriate action is taken to eliminate the conflict, which can include asking the individual to end a conflicting business arrangement, return remuneration to the organization, or otherwise discontinue the arrangement causing the conflict.”

“Annually, the institutes and its organization and compensation committee (the "committee") approve executive staff (officers and key employees) compensation, performance measures used in compensation plans, and the appropriate levels of executive remuneration. The committee reviews and adopts innovations in organization and compensation arrangements and uses independent, professional consultants to support its decisions. Committee members are not compensated, nor do they have conflicts with any transactions reviewed. All members are senior-level business leaders capable of reviewing and evaluating compensation arrangements. Institutes' board of trustees utilizes the following process: the compensation arrangement must be approved by the organization and compensation committee of the institutes composed entirely of individuals who don't have a conflict of interest with respect to the compensation arrangement. It also must rely on comparability data that demonstrates the fair market value of the compensation in question. The organization and compensation committee must document how it reached its decisions including the data on which it relied.”

“The organization's governing documents, conflicts of interest policy, and financial statements are available upon written request.”

“Fictitious name registrations: cpcu society, the institutes, american institute for cpcu, insurance institute of america, iia, ceu.com, cpcu - loman education foundation, cpcu harry j. Loman education foundation, and insurance research council.”