National Regulatory Research Institute

“The executive committee currently consists of certain officers of the corporation, i.e., chair, vice chair, and treasurer. All are members of the board of directors and the current committee rules state that: "except as otherwise provided by law, these bylaws, or a resolution of the board of directors, each committee of the board of directors may make, alter, and repeal rules for the conduct of its business; otherwise each committee shall conduct its business in accordance with the rules set out in these bylaws for meetings of the board of directors, as appropriately adapted."”

“The president of the national association of regulatory utility commissioners shall annually appoint that portion of the authorized number of directors in the class the term of which has expired.”

“The executive director and senior director, finance and grants administration conduct an initial review and then pass the return on to the association's audit committee for review and approval before filing the form 990 with the irs.”

“Disclosure: the board of directors recognizes that conflicts of interest are not uncommon, and that not all conflicts of interest are necessarily harmful to nrri. However, the board requires full disclosure of all actual and potential conflicts of interest. Each covered official shall disclose any and all facts that may be construed as a conflict of interest, both through an annual disclosure process and whenever such an actual or potential conflict occurs. Process and remedy: the board of directors will determine whether or not a conflict of interest exists, and whether or not such a conflict materially and adversely affects the interests of nrri. A covered official whose potential conflict is under review may not debate, vote, or otherwise participate in such a determination. If the board of directors determines that an actual or potential conflict of interest does exist, the board shall also determine an appropriate remedy. Such remedy may include, for example, the recusal of the conflicted covered official from participating in certain matters pending before the board or other nrri body. Delegation: the board of directors may delegate its authority to review and remedy potential conflicts of interest to the nrri executive committee. Only disinterested members of the executive committee may participate in any such review. The executive committee shall inform the board of its determination and recommended action. The board shall retain the right to modify or reverse such determination and action, and shall retain the ultimate enforcement authority with respect to the interpretation and application of this policy. Annual disclosure process: on an annual basis, each member of the board of directors shall be provided with a copy of this policy, and shall complete and sign the acknowledgement and disclosure form.”

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

“Transfer of funds to naruc 64,148.”