CCIM Institute

“Except as to actions specifically stated in these Bylaws or by law to require approval of or to be taken by the Board of Directors, the Executive Committee shall have all of the power of the Board of Directors between meetings of the Board of Directors; provided, however, that the following powers shall be expressly reserved to the Board of Directors: (a) the election, appointment or removal of any officer or committee member, other than the appointment or removal of the Executive Vice President; (b) any action with respect to which a Supermajority Vote of the Board of Directors is required pursuant to Article V, Section 9; (c) the adoption, modification or amendment of the Governing Policies; (d) any action inconsistent with the Articles of Incorporation, these Bylaws and/or the Governing Policies or any standing resolution or direction of the Board of Directors; (e) the approval or modification of the education and designation requirements for candidates and designees under Article V, Section 2; (f) any change or modification to tuition fees involving more than fifteen (15%) percent of such tuition fees; and (g) the amendment of these Bylaws or the Articles of Incorporation. The Executive Committee shall report its actions as appropriate to the Board of Directors. The Executive Committee shall be responsible for oversight of the performance of the Management Team as described in the duties and responsibilities of each position on the Management Team. The Executive Committee shall report its actions and findings as appropriate to the Board of Directors.”

“Charles (Mac) McClure and John McClure have a family relationship.”

“The Institute shall have two classes of members, voting and non-voting members. Except as otherwise expressly set forth in the Bylaws, the categories of membership within each class of members and the rights and responsibilities with respect to each such category shall be as set forth in the Governing Policies.”

“Voting members shall elect each year sixteen Directors to serve three year terms to succeed those whose terms expire. The election of Directors shall be held at the annual meeting of the members. The election shall be by written secret ballot and shall be governed by such rules and regulations as the Board of Directors may adopt for such purposes. Each voting member shall be entitled to one vote for each position open for election. The sixteen nominees receiving the highest number of votes shall be elected. In the event of a tie, a new ballot shall be held for those tied.”

“The completed Form 990 is reviewed by the Executive Vice President, the Management Team, and the Audit Committee before it is filed with the IRS.”

“All volunteers (members of the Board of Directors, committee chairs/members, regional officers, chapter leaders, task force members, and elected leaders) and employees must submit a signed Institute Conflict of Interest Disclosure. Volunteers and employees who fail to agree and adhere to the terms and conditions of the Institute's Conflict of Interest Policy and Standards of Conduct for Volunteers and Employees shall not be eligible to serve in the foregoing positions.”

“CCIM Institute's CEO compensation is determined by the CCIM Institute's Leadership Team and compensation surveys in the associated field. CCIM Institute's other officerskey employees' compensations is determined by the CEO and compensation surveys in the associated field. Salaries are reviewed by the Human Resources department on an annual basis. All CCIM Institute employees are under the direction of the CEO. The CEO is under the direction of the Board of Directors.”

“The Form 990 and 990-T are available to the public for inspection at the corporate headquarters of the Institute. Additionally, governing documents, conflict of interest policy, and financial statements are also available at the corporate headquarters.”

“The following board members received compensation for instructing CCIM Institute courses, developing curriculum material, and/or operations consulting: Eric Hillenbrand: $27,100 Lydia Bennet: 13,800 Steven R. Price: 6,000 William Moss: 4,800 Karl Landreneau: 1,400 Cynthia Shelton: 1,000”