New Orleans Convention & Visitors Bureau

“The organization approved and adopted new bylaws on april 11, 2023. The updated by-laws increased the number of directors from 19 to 21 and the amount of ex-officio directors from 7 to 8. The new bylaws updated the process for replacing a board vacancy. The new process requires the board chair to nominate a qualifed individual to fill the remaining term of the vacant board position with the approval of the board of directors by vote of a majority to serve the remainder of the term of the former director. The new bylaws increased the number of directors on the audit and risk committee from 3 to 5 members.”

“Eligibility for admission. Any natural person, trust, limited liability company, partnership, corporation, or other juridical person is eligible for admission as a member of the organization. Admission to membership. Admission to membership shall be by application in accordance with procedures from time to time approved by the board of directors and upon payment of dues assessed. The executive committee may deny admission to membership to any applicant that the committee reasonably believes to have interests that, on the whole, are not substantially aligned with the interests of the tourism, hospitality, special events, sports, entertainment, and other related industries in the greater new orleans area, including but not limited to the parishes of orleans, jefferson, st. Bernard, st. Charles, st. Tammany, plaquemines, or st. John the baptist. Classes; dues and assessments. The members shall be divided into such classes and series as are shown on exhibit a to the bylaws. The rights, privileges and obligations of members shall be identical in all respects other than (i) with respect to dues and assessments to which members of the respective classes and series are liable as specified in exhibit a of the bylaws and (ii) with respect to the membership benefits accorded basic and advance members (classes i and ii, respectively). The board of directors shall fix by resolution the amount, due dates, and methods of payment of the dues and the assessments to be paid by the members to the organization.”

“Voting. Each member in good standing is entitled to one vote. The members must vote by ballot. A majority of the votes cast at any meeting at which a quorum is present shall suffice to constitute the approval or other action of the members.”

“Upon completion of the tax return by the auditing firm, a draft is submitted to new orleans & company for review. After a thorough review is completed internally and clearing of all questions and answers, the audit committee is convened. A draft of the tax return is then reviewed in depth with the audit committee prior to being filed. A draft of the tax return is sent to the full board for concurrence on recommendations from the audit committee and for their approval prior to filing.”

“Forms signed annually; members with potential conflicts are not allowed to vote on issues pertaining to their potentially conflicted area of interest.”

“Periodic surveys and comparable data obtained from a third party are used to establish compensation. See also schedule j part iii.”

“New orleans & company makes its governing documents and conflict of interest policy available to the public upon request, and their financial statements are public record and can be obtained through the louisiana legislative auditor.”

“Neither the organization's audit oversight process nor its auditor selection process has changed during the year.”