Cfa Society Phoenix

“The organization has two types of memberships 1 regular memberships for investment professionals who meet the requirements of 48 months of investment decision-making experience and participates in cfa charter and cipm designations. Must be a regular member of the cfa institute. 2 affiliate membership are for investment professionals who have not met the regular membership prerequisites. They must be accepted as an affiliate member of the cfa institute and must be currently employed as a financial analyst.”

“There is an annual meeting of the members. Regular members in good standing are each provided one vote and a quorum constitutes at least 10 of all regular members in good standing. These regular members vote to fill positions on the board of directors and for officer positions all board members must be regular members in good standing as well. Vacancies on the board that occur during the fiscal year are filled by the board themselves. The board is responsible for governance decisions for the organization.”

“The treasurer of the organization distributes a pdf copy of the 990 to all board members for review and comment prior to the return being filed.”

“At each board and committee meeting, if there is a discussion of selecting or engaging a vendor or service provider, all in attendance are asked to recuse themselves from this discussion if there could be a perceived conflict. Annually, the organization reviews and discusses the conflict of interest policy and requests that each board member list and acknowledge any known conflicts.”

“While there are no paid officer or management positions, the organization has had a policy in place for establishing and approving the compensation of its admin staff a formal written policy will be adopted prior to the filing of this return.”

“The organization will provide, in a timely manner, financial statements and governing documents including its conflict of interest policies when requested in writing or in person.”