St Cloud Downtown Alliance Foundation

“The executive committee of the board of directors, comprised of the officers of the board reviews the 990 prior to filing the form.”

“Board members are asked to review conflict of interest policy and acknowledge same by signature every year disclosing any interests that could give rise to conflicts. If present at the meeting, board member is required to disclose the facts of a conflict prior to any board or committee action involving a conflict. This is documented in the minutes of the meeting. If the board member is not present at the meeting involving a conflict, that board member is to share the information with the chair or chair's designee. The conflict will be communicated at the meeting and reflected in the minutes. The board member with the conflict will not vote or participate in the discussion, nor will they be present during the vote. In the event that a possible conflict is recognized after the action has been taken, the conflict is still to be reported to the chair or chair's designee. The chair will make the determination whether the action requires re-opening and such decision will be recorded in the minutes at a subsequent meeting of the board.”

“The executive committee determines compensation and takes into account similar position salary surveys when needed. The committee then recommends the salary to the full board and it is approved and accepted as part of the annual budget proposal.”

“All governing documents are available upon request and readily available.”

“The executive committee made up of the officers of the corporation assume this responsibility.”