Michigan Economic Developers Association

“There shall be five membership classifications recognized by the association: (1) active membership, (2) association membership, (3) student membership, (d) honorary membership, and (5) life membership. No limit shall be placed on the number of applicants accepted by classification for membership.”

“Active members, associate members, honorary members, and life members ma elect one or more members of the governing body.”

“Active members, associate members, honorary members, and life members have voting rights on matters of policy and elections.”

“The 990 is received by the organization's executive director who reviews the return for accuracy. Upon the exectuvtive director's approval, the 990 is made available to the board of directors. After any concerns presented by the board are addressed, the executive director signs and files the return.”

“Board members must represent, with un-conflicted loyalty, the interests of the membership. This accountability supersedes any conflicting loyalty such as that to advocacy or interest groups and membership on other boards or staffs. This accountability supersedes the personal interests of any board member acting as an individual or as a representative of other organizations/companies.”

“The board of directors meets to review the performance of the executive director annually. The board reviews historical compensation data and determines the compensation of the executive director. A record of the meeting and decision by the board of directors is retained by the organization.”

“All information is available upon request. Form 990 is also posted annually on guidestar's website. The 990 is public information through the michigan attorney general's office.”

“To advance economic development throughout michigan and increase an individual's (both member and non-member) effectiveness in the economic development profession through educational programs, meetings, and literature.”