Niba-The Belting Association

“The organization has four classifications of membership: distributor/fabricator membership, belting manufacturer membership, component manufacturer membership and affiliate membership. All classes of membership other than affiliate members are allowed to vote.”

“Voting members have the right to elect the board of directors.”

“To be adopted, any proposed amendment to the bylaws, after being approved by the board of directors, must receive a two-thirds majority vote of those present at any annual, regular or special meeting.”

“The prepared form 990 is reviewed by the association's executive director before the return is filed with the irs.”

“Any potential conflict of interest that could result in a direct or indirect financial or personal benefit to a director, officer, or staff member must be disclosed in good faith or made known to the members of the governing body or committee authorizing a contract or other transaction. All questions as to whether a conflict of interest exists shall be resolved by a vote of the governing body in which the interested individual may not vote. The interested individual may participate in the information-gathering stage of the governing body's or committee's discussion, but shall retire from the room in which the governing body or a committee thereof is meeting and shall not participate in the final deliberation or decision regarding such contract or other transaction. Such interested individual may not vote on such contract or other transaction. In connection with all actions taken by the governing body with respect to any contract or transaction between the association and one or more of its directors or officers, or between the association and any other corporation, firm, association, or other entity in which one or more of the directors or officers of the association is a director or officer or has a substantial financial interest, affiliation, or other significant relationship, each such interested director or officer of the association shall disclose to the governing body the material facts as to such director's or officer's interest in such contract or transaction and as to any such common directorships, offices, or significant financial interest, affiliation, or other significant relationship, which disclosure shall be duly recorded in the minutes or resolutions relating to such actions, and abstain from voting on any such contract or transaction.”

“The association makes its governing documents available to the public. Conflict of interest policy and financial statements are available upon request.”