Million Dollar Round Table

“The organization's membership pays dues on an annual basis that corresponds with the calendar year. The organization has three classes of membership: 1) qualifying, 2) qualifying and life, and 3) life. Each class of membership shall be a privilege which may be granted or withheld each year by the executive committee.”

“Each year a nominating committee of current members is assembled to elect a new nominee to the organization's executive committee.”

“The by-laws may be amended by the members. The process requires notification of the members not less than 30 days prior to the annual meeting and approval by two-thirds of those members present at the annual meeting and casting votes. Amendments may also be made between annual meetings by solicitation of the members by mail or electronic media. This method also requires 30 day notification in advance of the ballot deadline and approval by two-thirds of members casting votes. Members may propose amendments by written petition containing signatures of not less than 20% of all members. Such petition must be submitted 90 days prior to the annual meeting to facilitate compliance with the 30 day notice requirement.”

“Form 990 is prepared by the organization's independent accounting firm and distributed to management and the organization's governing body prior to filing.”

“Each executive committee member is required to agree to the conflict of interest policy and acknowledges this by signing the conflict of interest policy statement on an annual basis. Compliance is monitored by the executive committee on an annual basis. The policy requires full and prompt disclosure to the committee of all relevant facts regarding any possible conflicts of interest.”

“Asae's blue chip and association form surveys are participated in and evaluated each year by the executive committee and chief executive officer, each of who receive compensation from the organization during the year. Occupation specific surveys such as shrm, nfre, and nma are reviewed for most recent compensation documentation. Compensation for all executive positions was reviewed and documented for 2014. Additionally the organization's job description and salaries are reviewed by an external third party to assess whether the organization's compensation is comparable to like positions in similar organizations.”

“Made available upon request”

“Change in pension liability -3,224,007.”

“The organization's executive committee assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the prior year.”