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 6 | THE CHAMBER IS ORGANIZED AS A NON-STOCK, NON-PROFIT CORPORATION WITH MEMEBRS. THE MEMBERS OF THE CORPORATION SHALL BE FOR-PROFIT AND NOT-FOR-PROFIT ORGANIZATIONS INTERESTED IN SUPPORTING THE PURPOSE OF THE CORPORATION. MEMBERS SHALL HAVE NO RIGHT TO VOTE ON ANY MATTER WITH RESPECT TO THE CORPORATION UNLESS SUCH MATTER IS EXPRESSLY SUBMITTED TO A VOTE OF THE MEMBERS OF THE CORPORATION BY RESOLUTION OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE PRESIDENT/CEO AND VICE PRESIDENT OF ADMINISTRATION & OPERATIONS OF FOX CITIES CHAMBER OF COMMERCE AND INDUSTRY, INC. REVIEW THE FORM 990 BEFORE THE PRESIDENT/CEO SIGNS AND FILES THE FORM 990 WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY AND SIGNS A CONFLICT OF INTEREST STATEMENT ANNUALLY. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTEREST OF THE ORGANIZATION, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. |
| FORM 990, PART VI, SECTION B, LINE 15A | A COMMITTEE COMPRISED OF THE CURRENT CHAIRMAN OF THE BOARD, PAST CHAIRMAN, AND CHAIRMAN ELECT EVALUATES THE PRESIDENT/CEO. THE COMMITTEE EXAMINES COMPENSATION DATA FROM SIMILAR ORGANIZATIONS AND OBTAINS INPUT FROM THE BOARD AND OTHERS. THE COMMITTEE THEN SUBMITS A RECOMMENDATION TO THE EXECUTIVE COMMITTEE FOR APPROVAL. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE CHAMBER MAKES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
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