Expanding Opportunities for Broadcasters Coalition

“Eobc has two classes of members, founding members and regular members, each of which are entities from the broadcast industry. Regular members pay annual dues. Founding members are required to pay annual dues and additional dues to fund eobc expenses above and beyond the aggregate annual dues; therefore, expenditures exceeding annual dues require approval of the founding members. New businesses may join as regular or founding members upon approval of a majority of the founding members and agreement to pay the appropriate level of dues. Regular members must agree to pay dues for a minimum of 9 months to join eobc, and founding members must pay dues through the middle of 2015.”

“Founding members have the right to vote on (i) admission of new members, (ii) expenditures that will require them to pay additional dues and (iii) payment of bonuses to the executive director. The executive director develops policy positions and related activities that have consensus support of members, but no one founding member may block a particular position or activity.”

“Eobc has no governing body, though it did document actions of members during their meetings.”

“EOBC HAS NO COMMITTEES.”

“Eobc is controlled directly by the executive director and has no governing board of directors. The federal form 990 will be reviewed by the executive director and provided to each of the founding members for their review and comments prior to filing with the internal revenue service.”

“The founding members of eobc review and approve the compensation of the executive director. All of the founding members are independent of the executive director.”

“Eobc makes available to the public the documents required under internal revenue code and treasury regulations upon request.”

“Eobc has no governing body other than the executive director. Decisions are generally made by the executive director, who is not elected by the founding members, and some decisions require consent of the founding members (including expenditures above the aggregate annual dues and admission of new members). The executive director seeks regular input from the founding members, who can resign and cease providing funding after mid-2015.”