Senior Executives Association

“Sea members elect the governing body and approve, per bylaws, major changes (i.e. Board members, bylaws changes, etc.).”

“The return is prepared by an independent accounting firm based on information provided by sea. Sea's finance committee substantively reviewed the draft contents of the form 990. In a meeting between the finance committee, president, and financial consultant, the committee members asked clarifying questions about the documents, the underlying data and information, and worked with the president and financial consultant to address inconsistencies or areas with questions, to the extent they existed, and thereafter approved the president to work with the financial consultant and cpa firm preparing the form 990 to make necessary adjustments, finalize and submit the form 990.”

“In addition to requiring all board officers and key employees to disclose their conflicts of interest annually, the association also has processes in place to ensure we are regularly and consistently monitoring and enforcing compliance with the conflict of interest policy. At any time prior to the association engaging in business with a potential partner, information about the partner, the issues on which the association may be working with the potential partner, and the proposed terms of a partnership or contract with the potential partner are shared with the board officers and key employees. Those parties are presented with an opportunity to specify whether they have any actual or potential conflicts with the potential partner. Should there be a conflict, the officer or key employee would recuse themselves. Only after such review occurs will the association proceed to engaging the potential partner.”

“Compensation is reviewed by the executive committee and approved by the board. Terms of compensation are included in the president's employment contract.”

“Governing documents, conflict of interest policy, and financial statements are available upon request.”

“The presdident and the board of directors assume responsibility for oversight of the review of sea financial statements and the selection of the independent accountant.”