North Carolina Medical Society

“The organization has members. The members are separated into the following categories: active, newly practicing physician, resident/fellow, student, retired, semi-retired, disability exempt, associate, life, affiliate, physician assistant, physician assistant student, honorary, and administrative medicine.”

“The organization's members elect individuals to the governing body.”

“Decisions of the governing body are subject to approval by the members of the organization.”

“The society's finance committee reviews the form 990 prior to filing with the internal revenue service.”

“It shall be the continuing responsibility of board, officers, management, employees and others as may be designated by the board to scrutinize their transactions and outside business interests and relationships for potential conflicts and to immediately make such disclosures.”

“The executive vice president's salary is set by the board compensation committee comprised of board officers. The committee meets early in the year and set goals for the year. The committee will meet late in the year to review the attainment of set goals and set salary, bonuses and incentives based on performance of such. Other information including surveys from other medical societies regarding ceo's salaries and benefits across the country are also taken into account. The executive vice president's compensation was last reviewed in september 2020. Other than the president, officers do not receive compensation other than reimbursed expenses. The president has the option to receive a $50,000 annual stipend. The amount is reviewed periodically by the finance committee using surveys of stipends of other medical societies across the country. The finance committee then uses those numbers with our budget limitations and an amount is included in the annual budget for approval by the finance committee and the board of directors. Employees' salaries are set by the executive vice president, ceo upon hire. The finance committee may approve a salary increase percent in the annual operating budget that considers factors including cost of living increases, merit and budget flexibility.”

“N.c. Medical society makes available to the public its governing documents, conflicts of interest policy, and financial statements via two methods: in person or upon request.”

“This process has not changed from the prior year.”