Michigan Hospitality Foundation

“The governing body of the foundation shall be the board of trustees. Active members of the related organization michigan restaurant and lodging association have rights to elect the members of the governing body of this organization.”

“The finance committee meets, either as part of a full board meeting or separately every quarter, to review the financial statements. The 990 is received and reviewed for accuracy by the board of directors. In addition, the audit partner from the cpa firm presents the audit report annually to the board at a board meeting. Upon the board's approval of the 990, it is reviewed and signed by the chief staff executive and filed.”

“All staff and board members review and sign the conflict of interest statement form annually. These reports will be reviewed by the finance committee, which will attempt to resolve any actual or potential conflict(s) and in the absence of resolution refer the matter to the board of trustees. If the board of trustees has reasonable cause to believe that a covered individual has failed to disclose an actual or possible conflict of interest, it shall inform the covered individual of the basis for such belief and afford the covered individual an opportunity to explain the alleged failure to disclose. If, after hearing the response of the covered individual and after such further investigation as may be warranted in the circumstances, the board of trustees determines that the member has in fact failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action, which may include grounds for removal or termination of the position of the covered individual, or the termination of any contractual relationship between the organization and the covered individual.”

“All information is available upon request.”