Chamber of Progress

“Corporate partners support the organization's work overall. These partners do not have a vote on or veto power over these positions. The organization does not claim to speak for its partner companies and remains true to its stated principles even when its partner organizations disagree.”

“The tax return was prepared by an outside accounting firm and then reviewed and approved by the chief executive officer. A copy of the return was distributed to the entire board prior to filing with the irs.”

“Whenever an interested person has a conflict of interest or a possible perceived conflict of interest with chamber of progress, they shall consult with their supervisor about such conflict. The interested person will be given an opportunity to disclose all material facts to the ceo or the employee with primary responsibility for human resources duties at chamber of progress, who will share the information with the board of directors. If appropriate, the board chairperson will appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, a determination will be made on whether chamber of progress can obtain a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board of directors shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in chamber of progress's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement. A copy of this conflict of interest policy shall be furnished to each officer, staff member, fellow, or board member who is presently serving chamber of progress or who may hereafter become associated with it. Current officers, staff, fellows, and board members have a continuing responsibility to (a) scrutinize their transactions and outside business interests and relationships for potential conflicts and (b) make such disclosures as described herein. The policy and its application shall be reviewed annually for whether partnerships, joint ventures, and arrangements with management organizations conform to chamber of progress's written policies; are properly recorded; reflect reasonable investment or payments for goods and services; further tax-exempt purposes and do not result in inurement, impermissible private benefit, or in an excess benefit transaction.”

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