Product Quality Research Institute

“Pqri's bookkeeping is handled by faegre drinker, for which a management fee is paid.”

“All current, dues-paying members share the same rights to elect members of the governing board or their delegates.”

“The board consists of five individuals. One board member, the chairperson, will be elected by the non-governmental pqri member organizations for a term of two years. Two board members will be elected to a term of three years by the non-governmental pqri member organizations, following a rotation schedule and in a staggered fashion. The elected chair and vice chair of the pqri steering committee will be board members with full voting rights. Elected board members may serve successive terms if elected by non-governmental member organizations. Government representatives on the pqri steering committee are not eligible to serve on the board.”

“While the board of directors has full authority to make decisions regarding financial aspects, pqri's steering committee is responsible for recommending to the board how all funds are to be spent in conjunction with scientific activities, specifically all research done under the purview of pqri.”

“Pqri provides a complete copy of the form 990 to all members of the governing body before it is filed.”

“Pqri regularly and consistently monitors and enforces compliance with the conflict of interest policy on an annual basis.”

“The governing documents are available upon request. Financial statements are not made available to the public.”

“The governing documents and conflict of interest policy are available upon request. Financial statements are not made available to the public.”

“Pqri's board of directors assumes responsibility for oversight of the audit, including selection of the independent auditor. This process is consistent with prior years.”