Mgma Realty Corp

“The executive committee shall be composed of the following: chair of the board, vice chair of the board, immediate past chair of the board, finance/audit chair, and finance audit vice chair. The executive comittee shall review and take action on items that, in the discretion of the chair of the board, must be acted upon prior to a full meeting of the board, in situations where a meeting with the full board is not practicable. Actions of the executive commitee other than those relating to the salary and performance evaluation of the president/chief executive officer, shall be posted electronically as soon as practicable for review by the board.”

“Mgma-acmpe is the sole member of mgma realty corp.”

“The chair of the board of mgma-acmpe, the vice chair of the board of mgma-acmpe, the immediate past chair of the board of mgma-acmpe, the finance/audit chair of mgma-acmpe and the finance/audit vice chair of mgma-acmpe shall each serve as ex officio, voting members of the board of directors of the corporation, and the remaining 9 to 13 voting directors shall be appointed annually by the board of directors of mgma-acmpe at the regularly scheduled meeting of the mgma-acmpe board of directors held in the fall of each year.”

“The form 990 is prepared by the organization's public accounting firm based on information provided by the management. Once a draft of the filing is available, the director of accounting and the cfo will be the first to review the form 990 upon completion. The cfo will then present the form 990 to the finance/audit committee for a complete detail review and their approval. Once the finance/audit committee has approved, the board members will receive a copy of the form 990 and the chair will present the form 990 for approval by the full board prior to the form 990 being filed.”

“Mgma-acmpe's officers, board of directors, and committee members are required to disclose in writing on an annual basis any interests that could give rise to conflicts of interest. If any conflicts exist, the board members recuse themselves from voting on any matters pertaining to the conflict. The organization monitors compliance with the conflict of interest policy by inquiring at each board meeting whether there have been any changes that could give rise to a conflict of interest since the board members signed the annual affirmation. All procedures related to conflicts of interest are documented in meeting minutes. The fiscal policy 2.01(a) outlines the policy and procedure to follow.”

“Mgma-acmpe posts its audited consolidated financial statements and the irs form 990 and governing documents of mgma realty corp. On its website. The audited consolidated financial statements, governing documents, and conflict of interest policy are also available upon request.”

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