Midwest Renewable Tracking System Inc

“The m-rets board of directors will receive the 990 in advance of the august board meeting, during which they will discuss the 990 with the auditor, review, and verify the accuracy of the information in the 990.”

“Our annual board calendar adopted for 2013 stipulates that conflict of interest forms will be signed every year at the annual meeting. All directors signed a conflict of interest policy at the 2013 annual meeting. New directors joining the board will be asked to sign the conflict of interest policy immediately upon being appointed to the board. Staff keeps these signed documents on file. In april of 2012, the board also adopted a new fiduciary duties, roles and expectations document for board members that states that board members shall "ascertain that appropriate policies have been established to define and identify conflicts of interest throughout the organization, and enforce those policies." this policy was updated by the board in 2013.”

“The compensation of the executive director is based on: the executive director's job description, board feedback on performance, current year goals and objectives and an operational workplan. The executive committee monitors this process by evaluating the executive director on the four criteria mentioned above. Comparative data provided by minnesota council of nonprofits is used when determining the appropriate compensation amount. Once the executive committee approves the compensation, it's presented to the board of directors with supporting documentation.”

“Our bylaws have been posted on our website for several years and will continue to be posted there in the future. The board members adopted a fiduciary duties, role and expectations document that includes "be transparent to accountholders and the public."”

“The finance committee acts as the audit committee.”