Minnesota Chapter of Associated Builders and Contractors Inc

“The organization's membership consists of all dues paying members in good standing. Regular members: individuals, firms, or corporations paying dues to the organization, and are paid in full for the current fiscal year. Life members: individuals retired from an active role in the industry who wish to continue to participate in furthering the objectives, purposes, and programs of the organization. A life member must have contributed an outstanding service to the chapter, meet the standards set by the board of directors, and may be recommended to the national board of directors for approval as a life member by the organization's board of directors. Sustaining member: those members (regular, life, firm industry, association, foundation, or any other group/individual) who agree to make a voluntary annual contribution to help defray the costs of furthering the objectives, purposes, and programs of the chapter, and are paid in full for the current fiscal year. Service member: a regular member of another chapter, who becomes a member under the same name of the filing organization for the purpose of receiving some special service or services. Dues or fees for service membership are determined by the board of directors and the member. National services are available only to the member in a chapter through which it pays national dues.”

“The organization's regular members vote for the election of the officers and directors at the annual meeting.”

“The form 990 is reviewed by the board prior to filing with the irs.”

“Officers, directors, and other individuals in positions of leadership are covered by this policy and shall not act in their leadership capacity in any ways that cause them to benefit financially from a decision they make in a leadership capacity, including indirect benefits such as to family members or businesses with which they are closely associated, or otherwise raise questions about their loyalty to the organization. In any matters where there might be a conflict between the interest of the leader and the organization, the leader should disclose this possible conflict to the group on which she/he serves and recuse her/himself from voting on such matters. Furthermore, should any person, volunteer, or staff, serving on such a group be aware of a potential conflict of interest that a leader fails to disclose, she/he must raise the issue to the attention of the entire group. All proceedings related to conflicts of interest will be noted in the meeting minutes. The organization makes reasonable efforts to obtain information on an annual basis to disclose relationships which may give rise to conflicts as may be necessary to enforce the conflict of interest policy.”

“The compensation of the president and any key employees is reviewed annually by the compensation committee which consists of executive committee members who have no conflict of interest with respect to the compensation under review, in accordance with applicable irs regulations. In conducting such review, the committee reviews data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations and makes contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement. This process was last conducted in 2022 for the president, adam hanson.”

“The organization makes its governing documents, conflict of interest policy, and financials statements available to the public upon request for the same period of disclosure as set forth in section 6104(d).”