North American Energy Markets Assoc

“The organization shall have two classes of members, Market Members and Associated Members.”

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

“The Form 990 is prepared by an accounting firm and reviewed by the Executive Director and board prior to filing with the IRS.”

“All directors sign a written conflict of interest form annually. Each board meeting begins with review of the agenda and any possible conflicts of interest. The board determines if there is an actual conflict of interest. The conflicted director is not permitted to participate int he decision making process or vote on the transaction. All proceedings related to conflicts of interest are reflected in the meeting minutes.”

“The organization hires independent contractors for the positions of Executive Director. The organization's process for determining compensation of the Executive Director includes all of the following elements: (1) The amount paid is reviewed and approved by the board of directors; (2) The amount paid is reviewed on an annual basis and approved using data as to comparable compensation for similarily qualified persons in functionally comparable positions at similarily situated organizations, and (3) There is contemporaneous documentation and record keeping with respect to the deliberations and decisions regarding the compensation agreements in the meeting minutes.”

“The organization makes its governing documents, conflict of interest policy, financial statements, and the annual report available to the public upon request.”

“Consultant 101,249. Professional Fees 160,069.”