Financial Planning Standards Board Ltd

“The organization revised the role of the fpsb council and changed the voting rights from fee-weighted to a combination of fee-weighted and 50 percent plus one for certain provisions.”

“Class a members - all persons serving as voting members of the fpsb ltd. Board of directors shall be class a members. Class b members - all fpsb affiliates and the united states marks owner shall be class b members. Class b members shall serve in an organizational capacity. Each class b member shall notify fpsb ltd. As to its appointment or change of a member representative.”

“Class a members - class a members shall each have one vote on all matters submitted to the fpsb ltd. Board of directors for a vote. No class a member may authorize another person or persons to act for such member by proxy. Class b members - class b members may vote to ratify or reject decisions of the fpsb ltd. Board of directors on the matters set forth in article 4.19 of the bylaws (provided below). In these matters, each class b member shall be entitled to a number of votes equal to one vote per us $1,000.00 paid in affiliation or membership fees for the current year pursuant to fpsb ltd.'s current fee schedule ("fee contribution-weighted voting power"). The vote of a majority in fee contribution-weighted voting power of the class b members and a majority of the total number of class b members shall be required to ratify or reject decisions of the board of directors on the matters discussed below. (1) a material amendment to fpsb ltd.'s certificate of incorporation or the bylaws; (2) a material change in the mission statement or collective focus of fpsb ltd., as set forth in fpsb ltd.'s governance process and management limitations policies, policy 1.0 - key objectives; (3) a material change in the cfp certification requirements; (4) a material change in the ownership of the cfp trademarks; or (5) the creation of a new global certification. As provided in the certificate of incorporation, the fpsb council, through the class b members, shall have the power to vote on the following matters. In these matters, each class b member shall be entitled to a number of votes equal to one vote per us$1,000.00 paid in affiliation or membership fees for the current year pursuant to fpsb ltd.'s current fee schedule ("fee contribution-weighted voting power"). For all purposes herein, a "majority" shall mean 50 percent plus one. (1) class b members may vote to remove all voting members of the board of directors and reconstitute the board as set forth in article 5 of the certificate of incorporation. The vote of a majority in fee contribution-weighted voting power of the class b members and a majority of the total number of class b members shall be required to remove all of the voting members of the board of directors; (2) as provided in the certificate of incorporation, class b members may vote to ratify or reject decisions of the board of directors on matters set forth in article 4.19 of the bylaws as discussed above. Only class b members that are current with their fee obligations to fpsb ltd. At the time of voting are eligible to vote. Only fpsb affiliates that are substantially in compliance with fpsb ltd.'s global standards, at the time of voting, are eligible to vote.”

“The organization does not have any committees with the authority to act on behalf of the governing body.”

“The form 990 is reviewed by fpsb ltd.'s ceo. Once the ceo has completed his review, the form 990 is submitted to fpsb's audit committee and board of directors for review. Upon the completion of the audit committee and board of director's review, the return is approved and filed.”

“Incoming and existing board members and officers are required to disclose interests that could give rise to conflicts, which is reviewed by fpsb ltd.'s director of legal services and ceo annually. The organization has policies and procedures in place that impose restrictions on people with conflicts. Prior to each board meeting, members are required to verbally disclose interests based on agenda that could give rise to conflicts, which are recorded in the board minutes of the meeting. If conflicts are determined, the person with the conflict may be excluded from the meeting/decision based on the conflict.”

“Annually, fpsb ltd.'s compensation and succession planning committee obtains third-party research on nonprofit ceo compensation and benefits to evaluate the organization's ceo compensation and bonus. In addition, the committee evaluates the ceo's performance against pre-defined metrics, approved by the fpsb ltd. Board of directors, and with the audit committee chairperson, reviews the ceo's performance with regard to organizational, financial and risk management.”

“The organization makes its governing documents and conflict of interest policy available upon request. The organization presents a summary of its financial results at its global member meeting and posts on fpsb ltd.'s website for member review.”

“Steve helmich - amp limited, 33 herbert street, saint leonards , australia nsw 2065. Sanjay sachdev - 12222 sunset terrace, clive, ia 50325. Ian johnston - level 13, the gate, p.o. Box 75850, dubai, united arab emirates. Jennifer huang - 1589 century avenue, 305-306 3rd floor, pudong, shanghai, china 200122. Joy thomas - 277 wellington street west, toronto, ontario, canada m5v 3h2. Tim kochis - 101 second street, ste 1400, san fransisco, ca 94105. Pamela packard - 4 dearfield lane, greenwich, ct 06831. Nancy kistner - 114 west 47th street, 4th fl, new york, ny 10036. Mari emmanouilides - rua joaquim floriano, 1.120, 7 andar, itaim bibi, cep, sao paulo, brazil 04534.”

“Brand management services 279,888. Certification standards and other related services 180,502. Organizational performance/audit services 19,644. Board development/publications/governance etc. 10,231. Outreach 27,960.”