Professional Convention Management Association

“The association's executive committee is composed of the officers of the board, the immediate past chair of the board and two senior supplier partner directors. The executive committee has the power of the board of directors when the board is not in session. The executive committee must report its actions to the board at the next succeeding board meeting to seek ratification of its actions.”

“Nominations to the board are open to any professional or supplier member in good standing for a minimum of three years. A nominating committee then reviews and interviews all submissions which leads to the proposal of a slate for election to open board positions. Following notification of the slate to all members, there is a period of time in which additional nominations can be made through a prescribed petition process. When the specified process time elapses and, if no additional nominations are received, the proposed slate is deemed to be elected; otherwise, a balloting process is conducted.”

“Decisions of the governing body that require member approval are voted upon as prescribed in article V of the association's bylaws, typically at the annual business meeting or by mail.”

“Management conducted a detailed review of the Form 990.”

“Board members are required to execute a conflict of interest statement for each year serving on the board. This statement includes their acknowledgment to inform the chair in writing of any changes in their circumstances affecting their relationship to the organization. Board members may not participate in any private business or personal service with the organization except as procedurally controlled to assure openness, competitive opportunity and equal access to information. If an actual or potential conflict arises, the conflicted individual withdraws from board deliberation, voting and access to applicable board information. All proceedings related to conflicts of interest are documented in the meeting minutes.”

“Compensation for the President & CEO is reviewed and approved annually by the board's executive committee. The committee used appropriate comparability data and contemporaneously substantiated the deliberation and decision for the President & CEO, Sherrif Karamat.”

“The association makes its governing documents available to the public upon request for the same period of disclosure as set forth in IRC section 6104(d). The association does not make its conflict of interest nor its financial statements available to the public.”

“Net Capital Contribution -635,850.”