National Insurance Crime Bureau

“At each annual meeting of the Board, there may be elected from its membership an Executive Committee. The Executive Committee shall consist of the Chairman and Vice Chairman of the Board and no more than seven (7) members elected from the membership of the Board. The Executive Committee shall be vested with the authority to act between meetings of the Board, subject to the limitations of the GNFPCA. The Chairman of the Board shall be the Chairman of the Executive Committee. The Board, by resolution adopted by a majority of the governors present at a meeting at which a quorum is present, may, as it deems fit, establish or appoint other committees, the chairman thereof to be designated by the Board in the making of such appointments. Each such committee shall have two (2) or more governors, and each committee member shall be a duly authorized representative of a Member of the Corporation. Any committee member may be removed by the Board whenever, in its judgment, the best interests of the Corporation are to be served by such removal.”

“A six (6) member executive committee serves as a nominating committee and recommends nominees to the governing body who approves the nomination(s).”

“The Form 990 is prepared by a national public accounting firm. An updated final draft is reviewed and approved by the NICB Audit/Finance Committee and provided electronically to the full NICB voting board for comments before it is filed with the IRS.”

“National Insurance Crime Bureau (NICB)'s officers, directors, trustees, key employees, and highest compensated employees are subject to the conflict of interest policy. NICB's compliance officer is in charge of monitoring employee activities for compliance with its conflict of interest policy. Conflicts are reported to the compliance officers, and the compliance officer reports all matters to the NICB Audit/Finance Committee for review.”

“Salary rates are based on comparable salary data compiled by human resources that approximates NICB's operations, candidate's qualifications and expertise. NICB has an internal committee of department heads that review candidates. The NICB Board of Governers oversees candidates and salary levels for officer positions. For its compensation process, a compensation committee, independent compensation consultant, compensation survey data, and approval of compensation by the board of governors is required. The Board review is done annualy, and the outside consultant review is done periodically. The review process for NICB is contemporaneously documented in the organization's minutes.”

“Articles, bylaws, and conflict of interest policy are made available to the public upon request.”

“Training - Provided training for 58,077 member companies and 20,731 law enforcement personnel.”

“Other changes in net assets or fund balances consist of: Other than net periodic pension cost: $7,223,613. Restitution Contribution $211,849. Net Asset Released from Restrictions: $(97,601). Total: $7,337,861.”