Texo Abc Agc Inc

“Classes of members or stockholders: the membership of the organization consists of contractor members, industry members, visiting members, honorary members, and life members. Contractor member firms, general contractors or specialty contractors who meet the qualifications of membership and elect to pay volume dues. Industry members, firms other than contractor members or subscriber members which supply material or equipment to a construction project or provide services to the construction industry within specified categories or are consumers of construction services, have voting privileges limited to the election of their representatives to the board of directors. They may not hold office in the association. Honorary members, persons honored for the performance of distinguished service to the association or the construction industry by unanimous vote of the board of directors, are entitled to the privileges of membership as an individual, without payment of dues, except for the right to vote or hold office. Life members, former officers and directors of the association who are retired from the construction business and elected to life membership by the board of directors, are entitled to the privileges of membership as an individual, but shall not have the right to vote or hold office.”

“Members or stockholders who can elect members of the governing body: the board of directors is elected annually by a vote of the membership.”

“Decisions of governing body subject to approval by members or stockholders: decisions regarding the status of the organization must be approved by a vote of the membership.”

“Process to review the form 990: the organization engages an outside accounting firm to prepare form 990. Once prepared, the organization's president/ceo reviews the return and distributes a copy to the board for review prior to filing.”

“Process for monitoring compliance with conflict of interest policy: the organization requires the members of the board to disclose and avoid any apparent conflicts of interest as well as actual conflicts. Board members are given policy packets annually, which include the conflict of interest policy. The board makes reasonable efforts to ensure that board members comply with this policy. If a conflict is found to exist, the conflicted member abstains from voting on the particular issue or is removed from the board if necessary.”

“Review of ceo or top mgmt official compensation: compensation of the president and ceo are reviewed annually by the executive committee consisting of members independent of all conflicts of interest. They review comparability data and use contemporaneous documentation for records of their decisions. Written documentation of the review is kept by the board chair and president. The process is also documented in the executive committee's meeting minutes.”

“Review of other officer or key employees compensation: compensation of other officers are reviewed annually by the executive committee consisting of members independent of all conflicts of interest. They review comparability data and use contemporaneous documentation for records of their decisions. Written documentation is kept by the board chair and president. The process is also documented in the president's electronic files.”

“Availability of documents: the organization makes its governing documents, conflict of interest policy, and financial statements available upon request or in person.”

“Delegation of authority: an executive committee shall be established which will consist of the chairperson of the board, the chairperson elect, the vice chairperson, the secretary, the immediate past chairperson of the board, and the president/ceo who shall serve as an ex-officio member. The executive committee shall oversee the various daily functions of the association or perform other duties as directed by the board of directors.”

“SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS: THE MOST RECENT BYLAWS WERE EFFECTIVE SEPTEMBER 12TH, 2022. A summary of the changes includes: -contractor members are no longer the only voting members of the association and are no longer the only members allowed to hold office -VISITING MEMBERS WERE REMOVED AS TYPE OF MEMBERSHIP -THE ELECTION OF MEMBERS PROCESS WAS SHORTENED TO SAY THAT APPLICANTS WILL BE PRESENTED BY THE MEMBERSHIP COMMITTEE AND THE BOARD SHALL APPROVE THE MEMBERSHIP IF THEY MEET CERTAIN QUALIFICATIONS -an advisory board was removed -The nominating committee is now comprised of the executive committee -An audit committee, membership committee, and legislative committee were added”