Diamond Council of America

“Diamond council of america (dca) entered into a management service agreement with jewelers of america effective 10/01/2017. The service provided is primarily administrative in nature (back office), including finance, hr, it, and pr.”

“There are three (3) classes of membership - executive members, associate members, and the affiliate member.”

“The affiliate member and each executive member are entitled to one vote in person or by proxy, provided that the affiliate member may identify an individual to serve as the affiliate member's representative in casting such vote in person or by proxy. Associate members are not entitled to vote.”

“The affiliate member, jewelers of america, inc., can make governance decisions or approve/ratify decisions of the governing body (mergers, dissolutions, liquidation, or disposition of substantially all of the assets of the council).”

“The 990 is prepared by independent auditors. It is presented to the executive committee for review before filing with the irs. A copy of form 990 is distributed to the entire board prior to filing.”

“Diamond council of america regularly and consistently monitors and enforces compliance with conflict of interest policy. Documents issued for all board meetings, executive committee meetings, and membership meetings include a copy of the ftc guidelines relative to conflicts of interest. Further, the chairman and president speak to "conflicts and the guidelines" at the beginning of each meeting and remind attendees of the issue (this is reflected in the official minutes of each meeting). The policy covers the board of directors, the executive committee, and the membership. The ftc guidelines are reviewed at each meeting and included in the documents provided relative to the meeting. No conflict has ever been discovered or reported.”

“The compensation committee of the board annually reviews the president and all employees' total compensation package to see that it is competitive in the market.”

“The organization does not make available to the public its governing documents. The organization makes available to the public its conflict of interest policy and financial statements upon request.”