Maryland Bankers Association Inc

“The organization has members which serve on the board of directors.”

“The members of the governing body (board of directors) are nominated by their bank or by any charter member (voting member) at each annual meeting of voting members.”

“Any changes to the association's by-laws and the nomination of board members must be approved by the members.”

“Maryland bankers association (mba) is committed to appropriate fiscal oversight by the organization's executive committee. As such, mba works to ensure the highest standards in review of its internal revenue service form 990. Each year, prior to the submission of the association's form 990 to the internal revenue service, each voting member of the executive committee shall be provided with a copy of the final form 990 as completed by yount, hyde & barbour, pc. Executive committee members shall be provided with at least five business days to review the form and should have an opportunity to raise questions, make suggestions, and address any potential problems or concerns with the president & ceo. The executive committee also serves as the investment committee of the board of directors and is composed of the chairman, chairman-elect, vice chairman and immediate past chairman serving as ex-officio. Subject to any statutory limitations on the powers of committees, the board of directors may delegate to the executive committee any of the powers of the board of directors. All members of the mba board of directors will be provided a copy of the filing version of the 990.”

“On an annual basis, all board members shall be provided with a copy of the conflict of interest policy and are required to complete and sign the acknowledgment and disclosure form. All completed forms shall be provided to and reviewed by the mba executive committee. The organization monitors compliance and would enforce any violations of the policy.”

“Ceo: the executive committee, which serves as the compensation committee of the association, conducts an annual review of the ceo's performance to determine the ceo's compensation that includes the following: summary of accomplishments, compensation history, and supporting materials such as: the approved positioning statement for ceo's compensation, the adopted supplemental executive retirement plan contribution statement and available benchmark surveys and forms 990 for state bankers association executives. Key employees: the ceo conducts an annual review of key employees to determine compensation that includes: summary of accomplishments and other supporting materials such as benchmark surveys for other state banker's association key employees.”

“The maryland bankers association makes its form 990, governing documents, conflict of interest policy, and financial statements available upon request for inspection at the association's headquarters.”

“Equity income/loss maryland bank services, inc. -19,963.”

“The executive committee assumes oversight of the audit of the association's financial statements and the selection of an independent accountant. This process is consistent with prior years.”