Sam Houston Electric Cooperative Inc

“The cooperative has only one class of members. Each member has a right to receive adequate and dependable electric service, privacy, be heard at member meetings, their share of capital credits, information about sam houston eci, have their property treated with care by cooperative employees, be heard if they have a dispute or complaint, and have service without regard to race, color, sex, nationality, religion, or marital status.”

“The members have the ability to elect the governing body. Directors are elected for 5 year terms and must meet certain qualifications as defined by the cooperative bylaws. Elections are conducted by mail or electronic ballot. The board of directors appoints an election committee whose terms and qualifications are defined in the bylaws. Nominees are chosen by the election committee and a ballot is prepared and posted as well as mailed. Nominations by petition are also accepted. A deadline for receipt of ballots is defined in the cooperative bylaws. A nominee receiving the most votes for a particular place shall be deemed elected.”

“The members must approve by vote all directors as well as any changes to the articles of incorporation.”

“The committees make advisory recommendations to, but are not athorized to act on behalf of the governing body.”

“One of the duties assigned to the audit committee by the board is preliminary review of the 990. Each member of the audit committee is allowed time to review the 990 and inquire of the parties responsible for the 990 completion and filing. Once the audit committee has reviewed and approved the 990, it is made available to the full board for review and questions. The audit committee makes recommendations to the entire board that the 990 be approved and filed. After board approval, the 990 is filed.”

“The cooperative has included a conflict of interest policy in its board policy manual. Board members and officers are required to complete a conflict of interest inquiry annually and sign an affidavit identifying whether any such conflicts exist. The board of directors is responsible for interpreting and enforcing the policy.”

“A wage and salary survey is obtained annually from an independent source. A committee of the board reviews the survey and other relevent information and makes a recommendation to the full board. The board reviews the information and sets the compensation for the ceo.”

“A wage and salary survey is obtained annually from an independent source. The ceo reviews the survey and makes a recommendation to a committee of the board for salary ranges for officers and key employees. That committee reviews the recommended ranges, makes any necessary changes and recommends the ranges to the full board for approval. The ceo evaluates the officers and key employees and sets their salaries within the ranges approved by the board.”

“Governing documents are available on the cooperative's website. Financial statements are also included in an annual report and mailed to all members.”

“Compensation amounts for retired directors reflect certain health insurance benefits during the calendar year.”

“Other comprehensive loss -1,024,803”