Texas Apartment Association Inc

“The board of directors established an executive committee to manage the affairs of the organization between meetings of the full board. The executive committee may act on behalf of the board within limits set by the bylaws; however, certain powers such as amending bylaws, approving membership dues changes, endorsing statewide candidates, approving the strategic plan, or authorizing significant financial commitments remain reserved to the full board.”

“The organization's bylaws were updated to clarify governance responsibility to taa's executive commitee instead of taa's full board of directors.”

“The organization has members which can be any person, firm, or corporation that is a member in good standing of any affiliated local associations or are any organized group of multihousing owners and operators in the state of texas, working for the same purposes and objectives as taa. Owner occupied homeowners organizations are excluded from being members.”

“Each local association is entitled to appoint at least two voting directors, depending on the number of members in the local association. In addition, each local association is entitled to a number of alternate directors, which is dependent on the number of voting directors allowed. Alternate directors may represent any of the voting directors at a meeting where the voting director is not present. Officers are elected by majority vote of the board members present at board meetings. The board of directors also elects the executive committee. Governance decisions of the organization are reserved to the board of directors. The taa board of directors has general supervisory authority over the organization. The board of directors has the exclusive authority to amend bylaws, approve nominations, alter membership dues and approve the organization's strategic plan among other duties. The board of directors has delegated authority to the executive committee to manage the association in all affairs save for those governance duties explicitly reserved for the board of directors in the organization's bylaws.”

“The tax return is first reviewed by the budget and finance committee with our external cpa firm. The budget and finance committee then present for review and recommend approval to the executive committee, which has the final vote to approve the return.”

“The conflict of interest policy is provided at the start of the fiscal year to all taa board members. The policy is self policing unless taa is made aware or becomes aware of a potential conflict of interest where there is a violation of the organization's code of ethics. Disciplinary action is delegated to and the exclusive responsibility of the appropriate local association.”

“The executive committee determines the compensation for the executive vice president in a closed meeting. The organization's officers are provided with salary surveys for comparability. The executive vice president has the authority to establish salaries for all other taa staff members, including other officers and key employees, based upon a salary line item approved by the independent executive committee and board of directors, which includes contemporaneous substantiation of the deliberation and decision.”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public by written or oral request.”

“The organization's oversight process and its process for selection of an independent accountant did not change during the tax year.”