California Apartment Association

“The executive committee may act in place and stead of the caa board between board meetings on all matters, except those specifically reserved to the board by the bylaws. The committee shall oversee the corporate affairs of caa. Actions of the executive committee shall be reported to and ratified by the board by mail or at the next board meeting. The executive committee shall consist of the elected officers(president, president-elect, vice president, secretary, treasurer); the immediate past president, a member appointed by the president, the caapac chairperson, and chairpersons of standing committees. The ex-officio members of the executive committee, without the right to vote, shall be the chairperson of the association executives' committee and the caa chief executive officer. A majority of the executive committee shall constitute a quorum at any duly called meeting of the committee. The president shall call such meetings of the executive committee as the business of the california apartment association may require, or a meeting shall be called by the chief executive officer on request of twenty-five percent(25%) of the members of the executive committee.”

“Caa has two(2) classes of members: regular members and associate members. Regular members shall be composed of residential rental property owners and management companies. Associate members are individuals or entities who have an interest in the growth, preservation and expansion of the rental housing industry.”

“Regular and associate members shall have voting privileges as provided in the bylaws. They are obligated to support caa and its bylaws and code of ethics and to take no action adverse thereto.”

“The form 990 is reviewed and discussed in detail by management to make certain the information is complete and accurate. The form 990 is then presented to the board of directors for their review and to answer any questions that may come up during the process.”

“Persons covered by caa's conflict of interest policy will annually disclose or update to the chairman of the board of directors on a form provided by the organization their interests that could give rise to conflicts of interest, such as a list of family members, substantial business or investment holdings, and other transactions or affiliations with businesses and other organizations or those of family members. For each interest disclosed to the chairman of the board of directors, the chairman will determine whether to: (a) take no action; (b) assure full disclosure to the board of directors and other individuals covered by this policy; (c) ask the person to recuse from participation in related discussions or decisions within the organization; or (d) ask the person to resign from his or her position in the organization or, if the person refuses to resign, become subject to possible removal in accordance with the organization's removal procedures. The organization's chief employed executive and chief employed finance executive will monitor proposed or ongoing transactions for conflicts of interest and disclose them to the chairman of the board of directors in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred.”

“Compensation is determined by the officers of the board which make up the compensation committee. The officers review organizations of similar size and revenue in addition to other trade organizations to determine what a comparable compensation would be for the ceo.”

“The organization makes all information available to those that make a written or verbal request through their office.”

“The process has not changed from the prior year.”