Us-Kazakhstan Business Association

“The organization outsourced management and administrative services to the national foreign trade council (nftc) upon retirement of its former executive director.”

“The organization has members but no stockholders. The board of directors receives and decides upon all applications for membership in the organization in accordance with the criteria set forth in the bylaws of the organization and such other criteria as may be established by the board of directors from time to time.”

“The organization is a membership-based organization with four classes of members. New members of the board of directors are approved by the members of the governing body once the new members pay the requisite dues level for board membership.”

“Review of the organization's form 990 is the responsibility of the board of directors. All past and present form 990's are available immediately upon request.”

“Representatives of the board members serve on an ad hoc compensation group which reviews the compensation paid to the management service company, the national foreign trade council (nftc). Compensation is determined based upon services and support provided by the management service company. The board of directors annually approves the management service agreement as part of their annual budget proposal. The executive director, as the key employee, is paid by the nftc through the management agreement.”

“The organization's bylaws are posted on the organization's website. Copies are also provided upon request to prospective members. The organization follows the policies and procedures in the management handbook of it's management service provider, the national foreign trade council (nftc). However, as part of the annual management services agreement, employees represent that they are aware of no conflict of interest that would interfere with their ability to perform their duties under the contract. The form 990's are kept in a public disclosure file in the organization's office and are available to the public for viewing upon request. Financial statements could be made available to the public subject to a decision by the board.”

“To improve and promote business relations, commerce, academic pursuits, cooperatioin and goodwill among its members and between the people of kazakhstan and the united states of america and to influence regulations and programs of the usa and kazakhstan.”