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, Lines 6 and 7 | Members The Board is elected every 2 years by a quorum of the membership. Any changes to the chamber's Constitution or Bylaws must also be approved by a quorum of our members. Any such approvals, votes, elections, etc. take place during our annual meeting. |
| Form 990, Part VI, Line 10b | Policies and Procedures Governing Activities Chamber management continually supervises the activities of the branch offices and requires consistent contact with the main office. |
| Form 990, Part VI, Line 11b | Form 990 Review The Chamber engages an independent accounting firm to prepare the Form 990. The Form 990 is then reviewed in detail by the Chamber's Executive Director and Chairman before filing the return with the Service. |
| Form 990, Part VI, Line 15a | Managing Director Compensation Process The American Chamber of Commerce in Poland is the founder of the Foundation of the American Chamber of Commerce in Poland, which is the organization that provides the compensation to the Chamber's Managing Director. After obtaining comparability data, the chamber's independent board of directors approves the managing director's annual compensation and substantiates the decision in the board minutes. The independent board of directors approves the managing director's annual compensation. |
| Form 990, Part VI, Line 19 | Availability of Governing Documents A Financial Report is made at every annual general meeting, announcing that all documents are available in the office for review. |
| Form 990, Part XI, Line 9 | Foreign Currency Translations Adjustment of $(5,043). |
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