Texas Association of Business

“Any individual, firm, corporation, company, business association or chamber of commerce engaged in business or industry shall be eligible for membership in the associaton, provided they comply with requirements herein stipulated. Those members who pay appropriate dues shall be eligible to vote on all issues before the association, serve as a director of the association, and serve in any official capacity in the association to which they may be elected by the board of directors, or appointed by the chair of the board. The membership of the association shall consist of those designated individuals and executives of member companies, business associations, or chambers of commerce paying annual dues based on a dues schedule which has been approved by the association's board of directors. Only members as above defined shall be eligible to serve as directors or officers of the association.”

“The governing body is appointed by the board of directors for the texas association of business.”

“Section 7.1 duties and powers of directors: the duties of the board of directors are (1) to establish interim policies; (2) to exercise final authority on policy interpretation; (3) to direct the affairs of the association according to the bylaws and general instructions or information given to them at regular meetings of the association members; (4) to require that bylaw provisions governing organization operations be prepared. A progressive schedule of dues shall be submitted to and approved by the board of directors.”

“The form 990 is reviewed by the vice president of finance and president/ceo prior to filing. The form 990 is sent to officers or other board members upon request.”

“The organization sends out the conflict of interest policy annually and asks board members to disclose any conflicts of interest. Board members with conflicts of interest are asked to excuse themselves from the board meetings during discussions regarding the conflict and are not allowed to vote on those matters.”

“Officers review and approve the compensation of the ceo as described in the organization's bylaws. The salary and other incentive plan is prepared after the review is completed. For all other employees, the president/ceo makes a decision on the compensation as dictated in the organization's bylaws.”

“All governing documents and financial statements are made available to the public upon request.”

“There was no change in the process from the previous year.”