Home Builders Association of Southeastern Michigan Inc

“The association has members which elect the board.”

“The form 990 is provided to the executive officer and controller for review and approval prior to being filed.”

“Procedures to manage conflicts: for each interest disclosed, the executive committee will determine whether to: (a) take no action; (b) assure full disclosure to the board of directors and other individuals covered by this policy; (c) ask the person to recuse from participation in related discussions or decisions within the organization; or (d) ask the person to resign from his or her position in the organization or, if the person refuses to resign, become subject to possible removal in accordance with the organizations removal procedures. The organizations executive officer and controller will monitor proposed or ongoing transactions for conflicts of interest and disclose them to the executive committee in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred.”

“Compensation process for both executive directors and other key employees is as follows: 1. Review and approval. The compensation of the person is reviewed and approved by the board of directors or compensation committee of the organization, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval. 2. Use of data as to comparable compensation. The compensation of the person is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. 3. Contemporaneous documentation and recordkeeping. There is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement.”

“SAME AS ABOVE.”

“All governing documents are available to the public upon request.”

“DUES 135,397 0 0”