Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | BUSINESS LEADERS FOR MICHIGAN IS COMPRISED OF THE CHAIRPERSONS, CHIEF EXECUTIVE OFFICERS, OR MOST SENIOR EXECUTIVES OF MICHIGAN'S LARGEST EMPLOYERS AND UNIVERSITIES. AS SUCH, MANY OF THEM HAVE REGULAR BUSINESS RELATIONSHIPS WITH EACH OTHER'S COMPANIES - I.E. PROVIDE UTILITIES, INSURANCE OR BANKING SERVICES. SOME OF THEM ALSO SERVE ON EACH OTHER'S BOARDS OF DIRECTORS AS WELL. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE COMPLETE AUDITED FINANCIAL STATEMENTS ARE REVIEWED BY THE BOARD OF DIRECTORS AND THE FORM 990 IS REVIEWED IN DETAIL BY THE TREASURER AND COO AND IS SHARED WITH THE AUDIT AND EXECUTIVE COMMITTEES UPON REQUEST. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH BOARD QUESTIONNAIRES. IF A CONFLICT IS FOUND, THE INDIVIDUAL(S) ARE PROHIBITED FROM VOTING. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION CONDUCTED A COMPENSATION STUDY FOR THE CEO'S COMPENSATION AND REQUIRES EXECUTIVE COMMITTEE APPROVAL FOR ALL CEO COMPENSATION ISSUES. FOR OTHER KEY OFFICERS/EMPLOYEES, SALARY RANGES ARE REVIEWED FOR SIMILAR POSITIONS IN SIMILAR ORGANIZATIONS AND THE CHAIRMAN APPROVES THE COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | DOCUMENTS AVAILABLE TO THE PUBLIC BY REQUEST. |
| FORM 990, PART XII, LINE 2C: | NO CHANGE FROM PRIOR YEAR REGARDING THE COMMITTEE OVERSIGHT PROCESS. |
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