Cedar Valley Services Inc.

“The executive committee shall consist of at least the president, vice-president, secretary, and treasurer. The committee shall have such powers as may be delgated to it by the board of directors.”

“The finance director will present to the finance committee and include in the board packet for all board members to review.”

“Board members and key employees are asked to disclose annually business relationships and family members that could, or do, create a conflict of interest. Conflicts of interest are determined by a review of the potential conflicts by the executive director and the board of directors. If a conflict exists, then the conflicted board member or key employee is excluded from discussions and votes related to any potential or existing relationships involving the conflict of interest.”

“The compensation of the executive director is determined by the board of directors. The board acts upon recommendation of the personnel committee. The committee uses data from the annual "compensation of the top 100 not for profit directors in minnesota" document. This data is adjusted for size of organization, geographic location, responsibility level and other. The decision and deliberation are documented in meeting minutes. The compensation of key employees was determined by the executive director in collaboration with the board of directors and outside consultants. A consultant generated comparison of salaries for like positions was used and adjusted accordingly. The decisions and deliberation were documented in meeting minutes. This procedure is a periodic event with annual deliberations and frequent adjustments. The process described here was last completed in 2025.”

“All documents concerning disclosure requirements are available at the organization's corporate offices in austin, mn and can be reviewed upon request. Electronic copies are also available.”