The Miquon School

“Each member of the corporation shall have equal voting rights on any question. No member may vote by proxy on any question. All votes shall be by secret ballot. Any decision made at a meeting of the membership of the corporation shall require a majority vote of the members present, except for an election of directors when the number of nominees does not exceed the number of vacancies. In this situation, the secretary of the corporation shall declare all nominees elected by acclamation. At the annual meeting of the corporation, the membership of the corporation shall elect new directors to fill all available director position.”

“The business manager performs an initial review of the return. Once the business manager approves the return, the finance committee and corporation treasurer review the form 990 via access through the organization's website. The process is completed before the 990 is filed with the internal revenue service. (i.e., per our by-laws, the board doesn't have to review/approve the 990 before its submitted, though once approved by the finance committee, it is made available to the board)”

“The organization reviews the conflict of interest policy and any possible changes affecting its status every year. No director or officer, or immediate family, or entity owned by, employed by, or employing any director or officer, may do business with the organization without the facts of the transaction fully disclosed and expressly authorized by a majority of directors. Any board member, officer, or key employee is require d to inform the board of directors of any potential or actual conflict of interest. The whole board monitors the policy and will make any decisions regarding the resolution of any conflicts. Any interested party to a conflict will abstain from discussions and decision-making related to the conflict.”

“The board president with support from the business manager, compares salaries from similar independent schools at contract renewal time for the head of school. The board president presents their findings, designed to ensure the head of school's compensation is within fair market range for the industry, to the executive committee. The executive committee then uses the board president's analysis to make a final determination on salary. Executive committee discussions are in closed session.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”