Oasis Open

“Oasis open is a business league, which participates in the development, convergence and adoption of structured information standards.”

“Members vote for all directors who serve two year terms without compensation.”

“Certain decisions by the board of directors are subject to approval by members, such as a change in the number of directors serving on the board.”

“Copies of the draft form 990 are distributed to treasurer, the executive director, the chief operating officer and the controller, as well as all board members. After reviewing the form, comments and questions are considered. All issues are resolved before form 990 is filed.”

“The chief operating officer and the board of directors review the policy annually looking for issues that might conflict with the policy. There is a meeting annually with outside counsel to review responsibilities with regard to the conflict of interest policy. Each board member and corporate director confirms by email annually receipt of a copy of the policy and that he or she has read and understands the policy, and understands that oasis is a tax exempt organization and must engage in activities which accomplish its permitted exempt purpose.”

“The staffing committee (sc) is independent of the organization. It provides guidance to the executive director regarding employee compensation, bonuses, policies and practices. It participates in the selection, hiring and compensation of the executive director, and may seek advice and counsel from other interested parties as appropriate. All compensation discussions and decisions are contemporaneously documented in writing at staffing committee meetings. During 2013, the staffing committee obtained comparable compensation data and performed an analysis of the executive compensation structure. After analysis, the staffing committee concluded that the current executive compensation structure was reasonable.”

“The organization makes its form 1024 available for public inspection upon request by publishing its address on its public website: www.oasis-open.org.”

“The organization makes its governing documents and conflict of interest policy available to the public through its website. Its financial statements are not made available to the public, however they are made available to members through its website.”

“Oasis open adopted a written whistleblower policy effective may 2012.”

“The finance and audit committee assumes responsibility for oversight of the audit and chooses the audit firm. The procedure has not changed from the prior year.”