Association for Diagnostics & Laboratory Medicine Inc.

“In July 2016, the following significant changes were made to AACC's bylaws: - The revised governance structure no longer includes a House of Delegates, thus eliminating the Board of Directors' positions previously held by the Chair and Chair Elect of the House. - The Chair of the AACC Academy Council and the Chair of the Clinical Laboratory Scientists Council serve on the Board of Directors as ex officio members with vote. - The members of the Finance Committee includes individuals who are independent of the Board of Directors, with the exception of the Board Treasurer, who serves as the Committee's Chair. - Terms served by the Board of Directors and Committees changes from calendar year terms to terms that coincide with AACC's Annual Scientific Meeting & Clinical Lab Expo. - The revised election process allows for a single-candidate slate. - Newly formed local sections shall be internal units of AACC, and current local sections formed as separate corporate entities may dissolve and reconstitute as internal units of AACC.”

“Persons admitted as Members shall a) possess an earned baccalaureate or higher degree in science or medicine or the academic equivalent of the above, and b) be engaged in professional activities commonly associated with the practice of clinical chemistry. Only Members who are in good standing shall have any right, title, or interest in the property and funds of the Association. Only Members may hold Association office or Association board, commission, committee, or task force memberships, and vote in elections of the Association or any of its units. Only Members may represent the Association in professional matters.”

“The Board of Directors consists of the officers of the Association and six (6) members-at-large, which are elected from and by the Members.”

“Amendments to the AACC constitution and bylaws may be proposed, in part, by petition signed by at least 10% of all Members in good standing. Upon receipt of a duly proposed amendment or revision, the Association Secretary shall, within 45 days, mail a letter ballot to each Member in good standing. A proposed amendment or revision shall become effective at the time specified, upon receiving two-thirds affirmative vote of all valid ballots cast.”

“The Finance Committee has an opportunity to review the form 990 with AACC staff prior to filing.”

“The base salary of the Chief Executive Officer shall be based on market value for the position. The PERFORMANCE & COMPENSATION COMMITTEE (P&CC) is charged with determining market value for the position based on appropriate data ON SALARY FOR COMPARABLE POSITIONS AND MAY INCLUDE INPUT FROM A PROFESSIONAL SURVEY OR COMPENSATION CONSULTANT(S). A FORMAL ASSESSMENT OF THE MARKET VALUE SHOULD BE PERFORMED AT LEAST EVERY OTHER YEAR. Annual salary ADJUSTMENTS shall be based on the base salary plus the option of A merit increase. A DETERMINATION FOR A merit increase shall be MADE BY THE P&CC based on the degree of achievement of agreed upon goals. The range for a merit increase shall be established each year during the budgeting process. An optional bonus may be awarded based on exceptional performance THAT is not adequately compensated for by the merit increase and BASED ON the financial status of AACC. The amount of such a bonus shall be determined BY THE P&CC based on degree of achievement of agreed upon goals. Other officers or key employees: AACC has a formal salary administration program with salaries based on grades and increases based on formal evaluations. The salary ranges for grades are evaluated by an outside consultant every three years with selected benchmark positions. The last evaluation was conducted in 2013 and the benchmarked positions included the CFO.”

“Governing documents: Constitution and Bylaws are posted on AACC.org under About AACC's Governance. Conflict of Interest: AACC addresses conflict of interest for general members under the Ethics Guidelines on AACC.org under About AACC Ethics Guidelines and for BOD members as one of the BOD policies listed under the password protected AACC Leadership section on AACC.org Financial Statements: AACC's Balance Sheet and Statement of Activities are posted on AACC.org as a part of the Annual Report.”

“Outside Consultant: Program service expenses 1,492,750. Management and general expenses 264,665. Fundraising expenses 0. Total expenses 1,757,415. Editorial/Writer Fees: Program service expenses 97,928. Management and general expenses 0. Fundraising expenses 0. Total expenses 97,928. Temporary Help: Program service expenses 175,319. Management and general expenses 15,259. Fundraising expenses 0. Total expenses 190,578. Commissions & Discounts: Program service expenses 1,122,729. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,122,729.”

“The audit oversight process has remained unchanged.”