Better Business Bureau of Metropolitan

“The executive committee shall consist of the chair, the immediate past chair, nine (9) other directors of the corporation, and the president as a non-voting member. The executive committee has the powers and duties to conduct the general management of the affairs of the organization as are regularly exercised by such executive committee directors' overall control and discretion. The executive committee shall also make the final decision with respect to the revocation of membership in accordance with section b of article ii as stated in the bylaws. The president shall be a non-voting member of the executive committee.”

“The organization has its form 990 prepared by an outside accounting firm. The organization receives a copy of the form 990, which is reviewed by the audit committee and is made available to all board members prior to filing with the irs.”

“The policy applies to all directors, officers, and key persons. Such persons are required to disclose any actual or potential conflicts of interest annually and as they may arise to the bureau's board of directors. The board is responsible for determining whether a conflict of interest exists and whether or not to proceed with the transaction. The interested person is not permitted to vote on or exercise any influence on the decisions. The proceedings are documented in the minutes of the meeting.”

“The executive committee of the board of directors is responsible for determining the compensation of the organization's president. The committee produces contemporaneous substantiation of the deliberation and the decision. The last review was performed in august 2023. The president of the organization is responsible for determining the compensation of the organization's other officers and key employees. The president sets annual goals for each individual. Each of these individuals' goals are then rated in its importance toward the organization's purpose. Compensation is determined on how well the individual completed each assigned goal. The process is performed annually.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Copies of these documents are mailed and sent to the person making the request.”