Agc of Oklahoma Education

“It is previewed by the chairman prior to filing.”

“(a) a voting member of the board of directors who receives compensation, directly or indirectly, from the corporation for services is precluded from voting on matters pertaiing to that member's compensation. (b) a voting member of any appropriate committee with board governing delegated powers whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from the corporation for services is precluded from voting on matters pertaining to that member's compensation. (c) no voting member of the board of directors or any appropriate committee with board governing delegated powers whos jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from the corporation, either individually or collectively, is prohibited from providing information to any committee regarding compensation. Periodic reviews includes: (1) whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. (2) whether partnerships, joint ventures, and arrangements with management organizations confirm to the corporation's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purpose and do not result in inurement, impermissible private benefit or in an excess benefit transaction. (3) when conducting the periodic reviews, the corporation may, but need not, use outside advisors. If outside experts are used, their use shall not relieve the governing board of its responsibility for ensuring periodic reviews are conducted.”

“The documents are made available upon request.”

“The organziation did not employee any individuals during the calendar year 2015. However, two individuals were employed beginning in calendar year 2016.”