Structured Finance Industry Group Inc

“Structured finance industry group had approximately 290 members as of december 31, 2014. There are two types of classes as defined in the sfig bylaw - primary membership are open to institutional corporations and associate memberships are open to individuals (non voting rights).”

“Structured finance industry group consists of many organizations who have the power to elect or appoint a member of the governing body.”

“Certain governance decisions are reserved to the executive director.”

“Structured finance industry group had 40 institutional members on its board as of december 31, 2014; many of which serve on one or more committees. Actions taken by the standing committees as defined in the bylaws are approved by bod during the quarterly meetings.”

“The executive director reviews the 990 in detail.”

“Per our bylaws - article vii, committees, section 5, quorom & voting - if a member is comprised of multiple entities, each performing an independent function (e.g. Financial guarantor, issuer, broker/dealer, investor, etc.), such member's representatives shall be entitled to vote in more than one committee; provided that such member, with regard to the committee at issue, does not have a conflict of interest with respect to the subject matter of the relevant vote including, for example, on account of the control of one related entity by another or the overwhelming interest of the institution as a whole. Any committee member who believes that another committee member has been improperly permitted to vote on a matter where the relevant member has such conflict of interest may appeal such conflicted committee member's vote to the executive director, who shall review and decide whether to permit the vote to count, in consultation with the executive committee. The decision of the executive director, in consultation with the executive committee, shall be appealable solely to the conflict resolution committee. In no event will any primary member institution be entitled to more than one vote on any matter in any committee, task force, or cabinet meeting, regardless of how many representatives of such member are present at such meeting. Additionally, sfig staff members closely monitor any calls and/or meetings to ensure there are no conflicts of interest and will report immediately to the executive director.”

“Structured finance industry group has organized a compensation committee that consist of five (5) members of the board of directors, this committee reviews, documents, and approves the compensation of the executive director and staff. The compensation structure for sfig is to a degree judgmental due to the requirements of staff needing to apply a significant degree of structured finance expertise combined with dc non-profit/trade-organization skill sets. This hybrid experience requirement makes specific benchmarking difficult in that the availability of relevant public data is extremely limited. As such the organization relies upon the deep experience provided via the members of the compensation committee across multiple industry platforms, giving regard to the following 4 key factors: i) knowledge of existing compensation for successful candidates (benchmarking to similar positions) ii) knowledge of required compensation for all viable candidates. I.e. Those selected for interview (range-bounding compensation) iii) reference to budget based off assessment of organizational compensation boundaries (i.e. Sfig analyst, manager and director ranges) iv) reference to generally "well-known" wall street and issuer compensation models the process also applies to other officers and key employees of the organization.”

“Upon request. Bylaws are posted to members only and can sign up for free account. Only members are granted sfig accounts.”

“We are a member driven organization, and our comment letters relate to the opinions of our membership across multiple regulatory and legislative issues. We would estimate that the number of individuals contributing their opinions may be approximately 1,000.”

“Consultant 399,717. Comment letters 319,021. New hire fee 1,136. Contractor 1,490. Administration fee 18,900.”