Union Construction Crafts Workers' Compensation Fund

“The trustess, at their discretion, may appoint an executive committee consisting of an equal number of union trustees and employer trustees. The executive committee shall assist the fund in carrying out the policies and programs established by the board of trustees. In addition, the executive committee may act in place and instead of the board of trustees between trustee meetings on all matters except those specifically reserved to the board of trustees by the trust agreement or by action of the board of trustees. An executive committee meeting may be conducted, or an individual memeber may participate in such a meeting, by telephone or by any similar communications system which allows all persons participating in the meeting to hear each other at the same time.”

“Wilson-mcshane is the management company responsible for the financial operations of the fund. Wmc prepares the general ledger, makes journal entries, manages claims and operational expenses.”

“The fund shall be administered by a board of trustees. Each union that is a party to this agreement shall appoint two union trustees. For each union trustee appointed by a union, agc shall appoint an employer trustee. The agc may designate one alternate employer trustee for each union that is a party to this agreement. Each union which is a party to this agreement may designate one alternate union trustee. An alternate trustee shall have the right to act only in the absence of any of the principal trustee or trustees designated by the particular party.”

“When the auditor has prepared the form 990, it is given to the audit committee and the board of trustees for review. The trustees are allowed time in which to examine the form 990 and communicate with the administrator in the event the trustee has any questions or comments. At the request of any trustee, or if there are questions or comments that cannot be adequately and fully addressed, the administrator will arrange a conference call for all trustees to discuss the form 990 and whether or not revisions are needed before it is finalized.”

“1. At the first meeting of the board of trustees of the uccwcf held each year, a copy of the conflicts of interest policy is distributed to the trustees. In addition, a disclosure statement is distributed to each trustee. The disclosure statement has been prepared in compliance with the conflicts of interest policy. Fund counsel explains to the board the operation of the conflicts of interest policy, what types of interests have to be disclosed and the administrative procedures for advising the organization regarding interests to be disclosed. Trustees are asked at that meeting to complete the disclosure form and return it to the administrator. The form is completed by each of the board of trustees and any senior staff of wilson-mcshane corporation working on the uccwcf. 2. The fund administrator reviews the conflict disclosures when returned, and refers any with conflicts for further review. 3. Any conflicts that are disclosed are reviewed by the fund co-chairs in conjunction with fund counsel. Any trustee that has disclosed a conflict of interest would be prohibited from participating in any discussion or voting on any motion regarding the matter that gave rise to the conflict of interest.”

“The organization does not make its governing documents, conflict of interest policy or financial statements available to the public.”