Go Lloyd

“The organization has approximately 75 general member businesses representing approximately 9,000 employees. These members are property and/or building owners and managers within the lloyd district area. The membership has the power to nominate and elect members of the board of directors at the annual meeting, recommend for the board of directors' approval of an annual budget for the ensuing year, and approve changes and revisions to the by-laws.”

“Go lloyd has a board of directors consisting of 18 voting members and 4 non-voting members. The board is elected by the membership at the annual meeting. All members serve without compensation. The boards' duties include the power to select and remove any officers of go lloyd; to plan, manage and control the affairs of go lloyd; to change the principal office of go lloyd; to borrow money for the benefit of the organization; and to carry out any other business of go lloyd, as deemed appropriate. The board members have two year terms, and may serve multiple terms.”

“The major decisions of the board of directors are approved by the general membership at the annual meeting.”

“Each member of the board of directors shall be provided a draft copy of the organization's form 990 for review before it is filed with the irs. They will direct inquiries (if any) to the executive director, controller, or go lloyd's cpa.”

“The board of directors shall monitor the transactions (if any) between go lloyd and any insiders, to ensure that any transactions between the organization and an insider that is a conflict of interest is fair to go lloyd and does not grant excessive benefit to the insider. The purpose of the this policy is to ensure that directors, officers, and those who exercise substantial influence over go lloyd do not use their influences to obtain benefits in excess of fair market value in transactions with go lloyd, and that go lloyd observes both state and federal laws concerning conflicts and excess benefit transactions.”

“The organization makes its articles of incorporation, any amendments or restatements to the articles, and its most recent three years of the form 990 available to the public for inspection and copying upon request. Go lloyd has determined that it is not in its best interest to make any additional documents or information available to the public.”