Arizona Association for Economic Development

“AAED Bylaw RevisionsFY 2015-16Article III Membership: Revisions are for clarifying eligibility for membership to allow for both organization and individual memberships. Allows for the exchange of representation for an organization without incurring an application fee, and clarifies that dues paid to the association are not refundable. Article IV Board and Executive Committee: Section 2: updated qualifications now requiring two years of membership and one year of active participation on a committee. Section 3: Metro & Rural redefined, representation shift; officers are board members; appointed of Advisory Directors reduced; and elimination of dual representation from a company or organization. Article V Officers: Revisions clarify the role of each office, creates oversight at the Officer level of Association pillars. Section 7: Officer succession policy; exclusion of Secretary/Treasurer from automatic succession.Article VI Meetings: Create flexibility for membership meetingsArticle VII: Finances: Section 4: Finance Committee formally established to guide Association budgetary process. Section 5: Establishing an Operating Reserve Policy. Article VII Committees: Section 2: Provides responsibility of current chair to recommend next chair. Section 3: Responsibility of committee chair to recommend vice chair. Article IX Amendments: Section 1: Option to have bylaws and articles of incorporation changes approved by a super majority of the Board Article XII Lobbying: Remove from the bylaws as our 501(c)(6) status already allows us to engage in this activity.”

“The 990 is reveiwed and approved by the executive board prior to filing.”

“Conflict of interest policy is reviewed annually. Everyone must complete the conflict of interest forms once a year. Executive director reveiws all of the forms for compliance and reports back to the executive board.”

“The executive board reviews and approves the compensation for the executive director annually.”

“Governing documents, policies and financial statements are available upon request”