Bay Area Employment Development Company

“General counsel performs management duties delegated under the authority and under the direction of the executive director and the board of directors.”

“The organization is a not-for-profit public benefit corporation. The corporation is governed by members. There is one class of membership and the right, interests and privileges of each member are equal. The corporate bylaws require the corporation to maintain at least 25 members.”

“The organization's members elect the board of directors.”

“The voting rights of each member are equal. Each member is entitled to one vote on all matters and have the right to vote either in person or by proxy.”

“1. Management reconciles the form 990 amounts to the audited financial report and other supporting documents provided to the public accounting firm. 2. Manage reviews the questionnaire sections of form 990 to make sure that the answers are recorded correctly. 3. Management presents form 990 to the governing board for their review.”

“The organization has a policy that requires directors and management to disclose any activity that would be considered a conflict of interest. The policy is written and administered by the board. Directors and managers are required to disclose, as soon as possible, the existence of any actual or potential conflict of interest to the board. Annually directors and management certify that they are in compliance with the conflict of interest policy.”

“The oversight committee reviews the current company executive compensation structure and reports to the board based on information and data provided from the dean group salary study and their knowledge of professional practices within the region to ensure that current company practices reflect good management and are reasonable and prudent.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

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