The State Chamber Research Foundation

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

“The Form 990 will be reviewed by the full board prior to being filed with the IRS.”

“After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the Board or Committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining Board or Committee Members shall decide if a conflict of interest exists. Procedures for Addressing the Conflict of Interest: * An interested person may make a presentation at the Board meeting or Committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. * The President or Chair of the Committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. * After exercising due diligence, the Board or Committee shall determine whether the Foundation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. * If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the Board or Committee shall determine by a majority vote of the disinterested Directors whether the transaction or arrangement is in the Foundation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement. Violations of the Conflict of Interest Policy: If the Board or Committee has reasonable cause to believe an interested person has failed to disclose actual or possible conflicts of interest, it shall inform the interested person of the basis for such belief and afford the interested person an opportunity to explain the alleged failure to disclose. If, after hearing the interested person's response and after making further investigation as warranted by the circumstances, the Board or Committee determines the interested person has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action, which may include removal from the Board.”

“Compensation for the Executive Director is determined by the President & CEO of the Oklahoma State Chamber of Commerce and Industry, a related organization. The compensation is approved by the Foundation's board of directors as part of the annual budget process.”

“The Organization's governing documents and financial statements are made available to the public upon request.”

“Vision Plan - The Vision Plan seeks to build a bold, data-driven, and enduring movement that empowers Oklahoma's business community to lead the state toward its full potential. Through strategic alignment, coalition building, and focused execution, the Vision Plan will help drive Oklahoma to be a top-tier competitor in talent, opportunity, and economic growth.”