Orthopedic Surgical Manufacturers Assoc

“The treasurer reviews form 990 information before submitting to the preparer and reviews form 990 before it is filed.”

“Article viii of the organizations amended and restated bylaws states as follows:”

“Article viii - conflict of interest”

“Section 1. Conflict defined”

“A conflict of interest may exist when the interests or activities of any director, officer or employee of the association may be seen as competing with the interests or activities of the association or the director, officer or employee of the association derives a financial or other material gain as a result of any agreement or contract with the association.”

“With respect to a censure action, a conflict of interest may exist when the interests or activities of a grievance comitee member may be seen as competing with the interests or activities of the censured member or the grievance comittee member derives a financial or other material gain or loss as a result of any agreement or contract with the censured member. For the purposes of this paragraph, any grievance comittee member who is either a non-censured members representative or is employed by a non-censured member shall not be deemed to have a confict of interest with respect to such members duties and determinations concerning matters before the grievance committe merely because of the non-censured members general business involvement in the orthopaedic medical device industry or by virtue of the possibility that the non-censured member and the censured member may have competing business interests as a result of such general business involvement.”

“Section 2. Disclosure required”

“Any possible conflict of interest shall be disclosed to the board of directors by the person concerned.”

“Section 3. Abstinence from vote”

“When any conflict of interest related to a matter requiring action by the board of directors arises, the interested person shall call it to the attention of the board of directors or the appropriate committee and such person shall not vote on the matter; provided, however, that any director disclosing a conflict of interest may be counted in determining the presence of a quorum at a meeting of the board of directors or a committee thereof and unless the interested party is requested to remain present, he or she shall retire from the room while the related matter is being discussed.”

“SECTION 4. MINUTES”

“The minutes of the meeting of the board of directors or any committee shall, to the extent applicable, reflect that the conflict of interest was disclosed and that the interested person was not present for the discussion and final vote.”

“The organization makes its governing documents, conficts of interest policy and financial statements available to the public upon request at 712 h street, suite 2707 washington, dc 20002.”