New Prague Chamber of Commerce Inc

“The organization amended its bylaws to add ambassador program guidelines: limit of 15 ambassadors (one per business), allow local non-members to apply, require bi-monthly meeting attendance, provide training upon approval, and set 50% activity attendance requirement with non-compliance referred to the executive committee.”

“The new prague chamber of commerce is a membership organization: businesses and individuals who join the chamber. Thus they have: the right to vote in board elections (if your bylaws allow). The right to serve on committees or the board. The right to receive chamber services, benefits, and programming. The right to attend and participate in chamber events.”

“The organization does not have any committees with authority to act on behalf of the board of directors.”

“We will review the 990 at a board meeting, noting the annual expenses vs revenue: biggest income sources and expenses. We will make sure the mission is stated accurately, along with program descriptions. Will go over any additional questions/concerns as a group. Overall, it will be simple but effective; covering the most important highlights without getting lost in the details.”

“All employees of the chamber must avoid potential conflicts of interest. A potential conflict of interest exists whenever employees have an outside interest, direct or indirect, which might either conflict with the employee's duty to the chamber or adversely affect their judgement in the discharge of their responsibilities. Enforcement of the conflict of interest policy requires decision-making and action of the entire board with only directors whop are independent of the party participating in the action and with notice of the conflict given in advance. Question of whether an individual has "material financial interest" is decided by the board, not including in such deliberations (or vote) by the party whose potential conflict is at issue.”

“The board of directors determines the compensation of the executive director. This process includes a review and approval by the board members which takes place annually. During the process, comparability data is used and written salary contracts are signed as a substantiation of the deliberation and decision. The board determines compensation of all employees. This process includes a review and approval by the board members which takes place annually. During the process, comparability dat ais used and written salary and wage rate contracts are signed as substantiation of the deliberation and decision. The processes described here were last completed in 2024.”

“The conflict of interest policy, tax returns, and financial statements are available upon request. Articles of incorporation and on file with the minnesota secretary of state.”