Wisconsin Economic Development

“There shall be four classes of membership which shall be as follows: members. Those individuals who are residents of the state of wisconsin and are engaged in furthering the economic development of the state of wisconsin may qualify to be "members and shall be entitled to all the rights and privileges of the organization including, but not limited to, voting and the right to hold office. Those individuals employed in economic development outside of the state of wisconsin may also qualify to be "members and shall be entitled to all the rights and privileges of the organization except the right to hold office. Corporate members. Those businesses and/or organizations involved in economic development in the state of wisconsin may be "corporate members." corporate membership permits designation of one or more persons as members and receives special recognition as determined by the board of directors. Retired members. Those members who have retired but maintain an interest in the economic development of the state of wisconsin may be entitled to reduced membership dues, fees and other benefits upon approval of the board of directors. Retired members who have made exceptional contributions to the corporation, as determined by the board of directors, may be designated "life members" upon the approval of the board of directors and shall be entitled to all the rights and privileges of members. Student members. Those members who are full time students with an expressed interest in economic development shall be termed "student members and shall be entitled to all the rights and privileges of the organization except the right to vote and hold office.”

“Members annually elect directors.”

“Bylaws may be amended at any annual meeting or special meeting of the membership of the corporation, providing that the proposed bylaw changes have been submitted to the board of directors 30 days prior to the membership meeting. Notice of such meeting shall be sent to the membership, by mail, e-mail or fax five (5) days prior to the date of such meeting; which notice shall describe the nature of the amendment being considered.”

“The form 990 is reviewed by the board of directors prior to being filed with the internal revenue service.”

“Any individual who becomes aware of any actual or potential conflict of interest or ethical concern regarding their relationship with weda must promptly disclose such conflict to a direct supervisor or the board president. Weda will directly and throughly investigate all concerns regarding the conflict of interest. The organization will determine whether a conflict exists and what action should be taken.”

“Compensation is determined through performance review by the officers and through contract for service negotiations.”

“Governing document and financial statements are made available to the public upon request. The conflict of interest policy is not made available to the public.”