Building Owners & Managers Association of Greater Los Angeles

“Membership. Boma/gla shall have the following members: - principal members. "principal members" are owners and/or managers of any commercial, industrial, institutional, multi-family, retail or mixed-use real estate facility; provided, however, that each building of facility shall qualify and join the association as a principal member (i.e., membership is facility-by-facility, not by owner and/or management company, so any one owner of management company may have as many memberships as the number of facilities that they own or manage). Each principal member shall designate one member representative per membership. - corporate members. "corporate members" are principal members who own more than ten (10) facilities, and may be eligible for preferential dues and voting rights approved form time-to-time by a majority of the board of directors present at any regular or special meeting of the board of directors for which there is a quorum. Each corporate member may designate up to five (5) member representatives per corporate membership. - professional members. "professional members" are firms engaged in property/asset management, accounting, appraisal, architecture, brokerage, consulting, design, development, engineering, finance and law in and for the real estate industry. Each professional member shall designate one member representative per membership. - associate members. "associate members" are firms who provide products and services in and for the real estate industry. Each associate member shall designate one member representative per membership. - corporate associate members. "corporate associate members" are associate member firms who provide products and services in and for the real estate industry having one or more subsidiary companies under the parent corporation.”

“At each annual meeting or special meeting, each principal, corporate, professional or associate member shall be entitled to one vote cast by that member representative. For the purpose of this section, any such meeting may be conducted by u.s. Mail, electronic mail, teleconference or fax. The association shall distribute one written ballot to each member entitled to vote on the matter. All solicitations of votes by written ballot shall (1) indicate the number of responses needed to meet the quorum requirement, (2) with respect to ballots other than for election of officers, state the percentage of approvals necessary to pass the measure or measures, and (3) specify the time by which the ballot must be received in order to be counted. Each ballot so distributed shall (a) set forth the proposed action, (b) provide the members an opportunity to specify approval or disapproval of each proposal, and (c) provide a reasonable time in which to return the ballot to the association. Any written ballot distributed shall provide, subject to reasonable specified conditions, that if the person solicited specified a choice with respect to any such matter, the vote shall be cast in accordance with that specification. In any election of the board of directors, a written ballot that a member marks "withhold", or otherwise marks in a matter indicating that authority to vote is withheld, shall not be voted either for or against the election of an officer. Approval by written ballot shall be valid only when (1) the number of votes cast by ballot (including those ballots that are marked "withhold- or otherwise indicate that authority to vote is withheld) within the time specified equals or exceeds the quorum required to be present at a meeting authorizing the action, and (2) the number of approvals equals or exceeds the number of votes that would be required for approval at a meeting at which the total number of votes cast was the same as the number of votes cast by written ballot without a meeting.”

“The organization submits the 990 to the finance committee before filing for review. The finance committee is made of officers of the board and therefore the part of the governing approval.”

“A conflict of interest policy is required by each board member to be signed. The policies of the organization are discussed during the board orientation in the beginning of each new year.”

“Compensation committee meets on a yearly basis to review and approve the compensation of officers and key employees. Comparable salary surveys are reviewed to benchmark the compensation of each position.”

“Documents made available upon request.”

“Miscellaneous 49,618 0 0 boma cal 40,047 0 0 bank charges 22,525 0 0 purchases 20,878 0 0 staff training 17,563 0 0 phone and internet 16,278 0 0 change in vacation 12,163 0 0 parking 11,673 0 0 facility 10,073 0 0 equipment lease 9,375 0 0 online expense 6,184 0 0 presidents expense 0 2,819 0 mileage 1,477 0 0 total 217,854 2,819 0”