Aacn Certification Corp

“The AACN Certification Corporation Board of Directors is comprised of nine voting directors and the CEO who serves as an ex-officio member with no power to vote. For seven of the director positions, candidates are vetted by a governance committee and then forwarded to both the AACN Certification Board as well as the AACN Board of Directors for appointment to a 3-year term in office. The two additional directors share joint appointments on the AACN and AACN Certification boards and are designated by the President of AACN and the Chairperson of AACN Certification Corporation to serve a one-year term on the Certification Board while fulfilling their three-year AACN board term.”

“The bylaws of AACN Certification Corporation state that the following actions need to be approved by the written assent of its sole shareholder, AACN: (a) the borrowing of money for long-term capital needs of Certification; (b) the purchase, sale, lease, disposition or hypothecation of real property by Certification; (c) the merger, dissolution, or sale of all assets of Certification; and (d) the amendment of the Articles of Incorporation or Bylaws of AACN Certification Corporation.”

“The completed form 990 and related schedules are disseminated to the Audit Committee for review in advance of a conference call for the purpose to review and approve the return. All Audit Committee members, along with the Chief Financial Officer and Controller, participate in a conference call where all questions or concerns raised by the committee members are resolved to ensure unanimous approval of the return. The Audit Committee then reports any findings to the full Board of Directors and the completed return is disseminated to all members of the Board.”

“The Conflict of Interest Policy is reviewed annually at the Fall Board meeting as this is the orientation meeting for newly elected Directors. Each Director is required annually to complete a Conflicts of Interest Statement that lists any potential conflicts. In addition, all employees agree to Conflict of Interest and Work Ethics statements contained in the Employee Handbook. Any disclosed potential conflicts are monitored by the Governance team and, when appropriate, Board members who have a conflict would be recused from participating in any decision making subject to the conflict.”

“AACN Certification Corporation does not make governing documents or conflict of interest policies available to the public. The financial statements of the organization are part of the consolidated audited financial statements that are published to the AACN membership within 120 days of the end of the fiscal year. The audited financial statements are posted on the AACN website and are available to the public upon request.”

“The bulk of these costs are due to obligations due our testing service provider who is paid for each candidate who sits for an exam. In addition, fees are paid to the testing service provider for professional services related to test construction, item writing, and studies of practice to ensure our exams are based on up to date best practices.”