Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
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| FORM 990, PART VI, SECTION A, LINE 6 | THE COUNCIL CONSISTS OF ELIGIBLE BUSINESSES AND INDIVIDUALS WHO WORK IN THE PETROLEUM INDUSTRY IN NORTH DAKOTA. |
| FORM 990, PART VI, SECTION A, LINE 7A | ALL MEMBERS VOTE ON THE BOARD OF DIRECTORS AND CHANGES TO BY-LAWS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE BOARD MEMBERS VOTE ON CHANGES TO THE BY-LAWS. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 IS REVIEWED BY THE PRESIDENT AND DISTRIBUTED TO THE CHAIRMAN OF THE BOARD FOR REVIEW AND THEN EMAILED TO ALL BOARD MEMBERS BEFORE BEING FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | EXECUTIVE DIRECTOR AND BOARD CHAIR MONITOR ANY POTENTIAL CONFLICTS AND ANNUALLY ALL BOARD MEMBERS ARE TO DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS TO THE EXECUTIVE DIRECTOR FOR HIS REVIEW AND ON-GOING MONITORING. IF A CONFLICT ARISES THE DIRECTOR ABSTAINS FROM THE DISCUSSION AND ANY VOTE THAT TAKES PLACE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE AFTER AN EVALUATION IS PERFORMED BY THE CHAIR, PAST CHAIR AND VICE CHAIR OF THE BOARD. ALL OTHER STAFF COMPENSATION IS DETERMINED BY THE PRESIDENT AFTER A REVIEW AND SUBJECT TO APPROVAL BY THE EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE ONLY UPON APPROVAL OF THE BOARD MEMBERS. |
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