Association for Financial Professionals

“The organization has the following types of members: practitioner member - an individual is a practitioner member if he/ she is involved in financial management functions within his/ her organization and is a major participant in decision- making regarding such functions. Associate member - an individual will be considered an associate member if he/ she does not meet the membership criteria to be a practitioner member, but is involved in, or interested in, financial management activities such as banking, consulting, etc. Academic member - an individual is an academic member if he/ she is employed full time by a post- secondary educational institution and his/ her principal duties involve teaching and research in matters related to treasury and financial management. Student member - an individual is a student member if he/ she is a college or university junior, senior or graduate level student majoring in a business or finance related field.”

“Only practitioner members are allowed to vote on association for financial professionals matters and hold office in the association for financial professionals. Practitioners elect a slate board of candidates by direct ballots.”

“Practitioner members can vote on all association for financial professional matters including changes to governing documents.”

“Some of the committees are not required to record minutes.”

“Afp singapore branch opened in march 2020. The branch is an extension of the us entity and as such the policies and procedures are the same.”

“The association's management reviews the form 990 in detail. Afp will provide an electronic copy of the form to the board members to access for review and ask questions before filing with the irs. The audit committee of the board reviewed the form 990 and, prior to its filing, recommended approval to the full board.”

“All employees and members of the board of directors are required to certify annually that they will comply with association policy on conflicts of interest and disclose conflicts of interest. Information concerning possible violations of association policy are to be reported to senior management (ceo, coo, cfo or director of hr) or, in the case of information concerning financial conflicts of interest, may be reported directly to the audit committee of the board of directors. Potential conflicts are addressed on a case- by- case basis by the appropriate level of management or by the audit committee of the board of directors. If a conflict is determined to exist at the board level, the individual is not permitted to vote on the transaction. All proceedings related to conflict of interest are noted in the meeting minutes.”

“The board retains an independent consultant to recommend changes to president/ ceo compensation. The consultant makes recommendations to the oversight committee of the board based on analysis of president/ ceo compensation at peer organizations as determined by the board of directors. The process for determining compensation levels for the other officers and key employees including analysis of each position based on benchmarks against other organizations of similar size and complexity by the human resources department. Annual employee reviews are conducted by the ceo and or direct supervisor.”

“The association's governing documents, conflict of interest policy, and financial statements are not made available to the public.”

“The professional society that represents finance executives globally. The association established and administers the certified treasury professionals and certified corporate fp&a professional credentials, which set standards of excellence in finance. Members are supported through research, education, certification, publications and representation.”

“This year (fy 2024), the audit committee will review the 990 and 990t tax returns prior to filing.”

“Description:outside services total fees:1236221”

“Description:credit card fees total fees:581851”

“Description:consultants total fees:426053”

“Description:other professional fees total fees:245434”