Investment Management Consultants

“The executive committee is made up of the board of director's officers and is responsible for the ceo's performance appraisal, bonus and raise determination and contract negotiations.”

“The organization has one class of membership. Members in good standing shall be eligible to vote, hold office, and serve as committee chairs and committee members.”

“The nominating committee shall consist of at least five members in good standing and shall have and exercise the authority granted by the board of directors in the resolution appointing the committee. The nominating committee shall ask for recommendations from the membership for suggestions for director-at-large nominees at least nine months prior to the end of the fiscal year shall select a slate of candidates from the eligible membership for positions of officers and directors at least three months prior to the end of the fiscal year and shall notify the membership of such nominations.”

“Decisions of the governing body are not subject to approval by members. However, amendments to, or repeal of the bylaws require a two-thirds affirmative vote of the members.”

“The form 990 is reviewed by the ceo, treasurer and cfo before filing. The form 990 is then furnished to the board of directors upon which they have the opportunity to review and ask questions before filing.”

“Newly elected board of directors are required to sign a conflict of interest disclosure. Each board meeting includes an agenda item where the board of directors are asked if there have been any changes to their conflict of interest disclosure. If so, a new conflict of interest disclosure would be signed. It is the responsibility of the conflicted parties immediate supervisor and general counsel to determine whether a conflict exists. All determinations are documented in the organizations minutes. If the interested party is found to have a conflict of interest, they are not allowed to participate in any discussion or decision making regarding their conflict of interest.”

“The compensation of the ceo and key employees is reviewed by an executive committee and recommended to the board for approval. A consulting firm was hired for evaluation and development of a 4 year compensation package based on peer, universal-ceo-compensation study. The process described here was last completed in 2024.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. The financial statements are also posted on the organization's website.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”