Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE BUSINESS ASSOCIATION HAS MEMBERS THAT PAY ANNUAL DUES AND HAVE VOTING RIGHTS AT THE ANNUAL MEETING. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS MAY VOTE ON ISSUES PRESENTED AT THE ANNUAL MEETING OR AT A SPECIAL MEETING CALLED BY THE BOARD OF DIRECTORS OR AS CALLED BY ANY GROUP OF 20 MEMBERS. THE MEMBERS VOTE ON ISSUES WHICH MUST BE APPROVED BY THE MEMBERSHIP UNDER THE BYLAWS OR UNDER OREGON STATE LAW. THESE ISSUES INCLUDE MATTERS RELATING TO BOARD OF DIRECTORS ELECTION AND CONFLICTS OF INTEREST, SIGNIFICANT ASSET DISPOSITIONS, AND AMENDMENT OF THE ARTICLES OF INCORPORATION. |
| FORM 990, PART VI, SECTION A, LINE 7B | IF THE ORGANIZATION WERE TO MERGE WITH ANOTHER BUSINESS ASSOCIATION, THE MEMBERS VOTE OF APPROVAL WOULD BE REQUIRED. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE PRESIDENT AND VICE PRESIDENT, ADMINISTRATION WILL REVIEW THE RETURN BEFORE FILING. ADDITIONALLY A COPY OF THE RETURN IS PROVIDED TO THE BOARD BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ON AN ANNUAL BASIS, ALL INDIVIDUALS TO WHOM THE CONFLICT OF INTEREST POLICY APPLIES WILL BE REQUIRED TO SIGN A COMPLETED ACKNOWLEDGEMENT OF RECEIPT AND DISCLOSURE FORM PREPARED BY OREGON BUSINESS & INDUSTRY ASSOCIATION BOARD OF DIRECTORS. IN ADDITION OREGON BUSINESS & INDUSTRY ASSOCIATION MEMBERS OF THE BOARDS, OFFICERS, VOLUNTEERS AND KEY EMPLOYEES SHALL DISCLOSE ALL POTENTIAL AND ACTUAL CONFLICTS OF INTEREST TO THE OREGON BUSINESS & INDUSTRY ASSOCIATION'S BOARD OF DIRECTORS AND, AS REQUIRED, REMOVE THEMSELVES FROM ALL DISCUSSION AND VOTING ON ANY RELATED MATTER. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION AND PERFORMANCE COMMITTEE SHALL CONSIST OF THE CHAIR, FIRST VICE CHAIR AND IMMEDIATE PAST CHAIR. THE COMPENSATION AND PERFORMANCE COMMITTEE SHALL BE RESPONSIBLE FOR DELIVERING ANNUALLY A WRITTEN PERFORMANCE REVIEW OF THE PRESIDENT OF THE ASSOCIATION AND SETTING THE COMPENSATION OF THE PRESIDENT. THE PRESIDENT/CEO WILL REVIEW OTHER STAFF MEMBERS COMPENSATION ANNUALLY. |
| FORM 990, PART VI, SECTION C, LINE 19 | ORGANIZATION PROVIDES GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. |
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