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 7A | THE BOARD CHAIR SHALL APPOINT A NOMINATING COMMITTEE OF AT LEAST SIX MEMBERS OF THE CHAMBER. THE BOARD CHAIR SHALL DESIGNATE THE COMMITTEE CHAIR. THE NOMINATING COMMITTEE SHALL PRESENT TO THE BOARD A SLATE OF CANDIDATES TO SERVE TWO-YEAR TERMS, TO REPLACE THE DIRECTORS WHOSE TERMS ARE EXPIRING. EACH CANDIDATE MUST BE A MEMBER IN GOOD STANDING AND MUST HAVE AGREED TO ACCEPT THE RESPONSIBILITY OF DIRECTORSHIP. UPON RECEIPT OF THE REPORT OF THE NOMINATING COMMITTEE, THE PRESIDENT SHALL NOTIFY THE MEMBERSHIP BY MAIL THE NAMES OF PERSONS NOMINATED AS CANDIDATES FOR DIRECTORS AND THE RIGHT OF PETITION. ADDITIONAL NAMES OF CANDIDATES FOR DIRECTORS CAN BE NOMINATED BY PETITION BEARING THE GENUINE SIGNATURES OF AT LEAST 30 MEMBERS IN GOOD STANDING OF THE CHAMBER. SUCH PETITION MUST BE FILED WITH THE NOMINATING COMMITTEE WITHIN TEN DAYS AFTER NOTICE HAS BEEN GIVEN OF THOSE NOMINATED. THE DETERMINATION OF THE NOMINATING COMMITTEE AS TO THE LEGALITY OF THE PETITION(S) SHALL BE FINAL. IF NO PETITION IS FILED WITHIN THE DESIGNATED PERIOD, THE NOMINATIONS SHALL BE CLOSED AND THE NOMINATED SLATE OF DIRECTORS SHALL BE DECLARED ELECTED BY THE BOARD OF DIRECTORS AT THEIR REGULAR DECEMBER MEETING. IF A VALID PETITION IS FILED AN ELECTION PROCEDURE BY THE ENTIRE MEMBERSHIP IS PRESCRIBED. |
| FORM 990, PART VI, SECTION A, LINE 8B | NOT APPLICABLE. THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS REVIEWED BY THE BOARD PRIOR TO FILING. AT A REGULAR MEETING, THE BOARD VOTES TO ACCEPT FORM 990 PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE OF THE BOARD, ANNUALLY IN THE BUDGET PROCESS, REVIEWS THE COMPENSATION OF THE CEO AND MAKES A RECOMMENDATION TO THE BOARD AS A WHOLE AS PART OF THE BUDGET PROCESS. THE BOARD TAKES ACTION ON THE COMPENSATION AFTER REVIEWING THE RECOMMENDATION OF THE EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL GOVERNING DOCUMENTS, BYLAWS, PERSONNEL POLICIES, BOARD AGENDAS AND MINUTES ARE KEPT AVAILABLE FOR INSPECTION AT THE CHAMBER OFFICE. |
| FORM 990, PAGE 12, PART XII, LINE 2C | THE CHAMBER HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. |
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