Rapid I O Trade Association

“Management services are contracted to a company that specializes in service related to the primary purpose of the organization”

“Rapidio has 4 levels of participation: 1) steering committee members are the board of directors, 2) sponsoring members may join any working group of their choice, 3) regular members participate in work group meetings, and 4) auditing participants have access to rapidio specifications and bulletin boards.”

“The annual tax return is reviewed by the secretariat and the treasurer prior to filing”

“The bylaws of rapidio specify the conflict of interest policy. Any interested person must disclose the existence of his or her financial interest and all material facts relating thereto to the steering committee and members of committees with board delegated powers considering the proposed transaction or arrangement. If the steering committee has reasonable cause to believe that a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If further investigation reveals that the member has in fact failed to disclose an actual or possible conflict of interest, it shall, by the affirmative vote of a majority of the sitting directors, take appropriate disciplinary and corrective action.”

“The executive director and secretariat receive compensation on a monthly basis for services provided as well as a variable, performance based component paid on an annual basis. The board requests the individual to provide a summary of accomplishments for the preceding year. The board members review the summaries to determine merit increases as well as the variable compensation. The board measures the accomplishments based on established metrics and determines the actual amount of variable compensation to be paid.”

“Documents, policies and financial statements are available upon request”