Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 2 | BLUE CROSS BLUE SHIELD KC BLUE CROSS BLUE SHIELD KC CHAIR-ELECT DIRECTOR BUSINESS COLLEAGUES CITY OF KC, MO CITY OF KC, MO DIRECTOR DIRECTOR CITY EMPLOYEES |
| FORM 990, PAGE 6, PART VI, LINE 11B | UPON COMPLETION OF THE AUDIT AND ACCEPTANCE BY THE BOARD OF DIRECTORS, THE INDEPENDENT AUDIT FIRM PREPARES THE FORMS 990 AND 990-T. A REVIEW OF THE RETURNS IS CONDUCTED BY THE FINANCE AND AUDIT COMMITTEE AS WELL AS BY THE OFFICERS. ONCE APPROVED, THE AUDIT FIRM E-FILES THE RETURNS. THE RETURNS ARE MADE AVAILABLE TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. |
| FORM 990, PAGE 6, PART VI, LINE 12C | CONFLICT OF INTEREST STATEMENTS ARE COMPLETED AND SIGNED BY ALL BOARD MEMBERS AND KEY EMPLOYEES ANNUALLY AND IMMEDIATELY BY REPLACEMENT BOARD MEMBERS AND KEY EMPLOYEES UPON TAKING A NEW POSITION. THE CONFLICT OF INTEREST STATEMENT INCLUDES A CODE OF ETHICS SECTION BY WHICH EACH BOARD MEMBER AND KEY EMPLOYEE MUST ADHERE TO AND SIGN TO CONFIRM ACCEPTANCE. WITHIN THE CONFLICT OF INTEREST POLICY ARE SECTIONS THAT ADDRESS FIDUCIARY RESPONSILBILITIES AND DISCLOSURE, DEFINITION OF CONFLICT OF INTEREST, AND RESTRAINT ON VOTING. THE CHAIR ADVISES THE BOARD OF THE NEED TO DECLARE CONFLICTS OF INTEREST THROUGHOUT THE YEAR. DIRECTORS WITH A CONFLICT OF INTEREST ANNOUNCE, PRIOR TO A VOTE, THAT THEY WILL ABSTAIN FROM VOTING AND STATE THE REASON. THE BOARD AND EXECUTIVE COMMITTEE MINUTES DOCUMENT WHICH DIRECTORS ABSTAINED DUE TO A CONFLICT OF INTEREST. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE PRESIDENT/CEO'S SALARY AND COMPENSATION PACKAGE IS SET BY THE BOARD'S GOALS AND COMPENSATION COMMITTEE IN ACCORDANCE WITH THE BOARD'S BY-LAWS. THE COMMITTEE USES AN INDEPENDENT CONTRACTOR TO CONDUCT AN EXTENSIVE REVIEW OF CURRENT CHAMBER OF COMMERCE PRESIDENTS/CEOS OF CHAMBERS OF COMMERCES OF SIMILAR SIZE AND FOCUS IN THE UNITED STATES AS WELL AS NOT-FOR-PROFIT ORGANIZATIONS OF SIMILAR SIZE, BUDGET, ETC. WITHIN THE REGION. FOLLOWING THE REVIEW, THE CONTRACTOR MAKES A RECOMMENDATION, AND THE GOALS AND COMPENSATION PREPARES THE SALARY AND COMPENSATION PACKAGE. |
| FORM 990, PAGE 6, PART VI, LINE 15B | A SIMILAR PROCESS USED FOR THE PRESIDENT/CEO'S COMPENSATION IS USED FOR EACH VICE PRESIDENT'S SALARY AND COMPENSATION PACKAGE. THE SALARY AND COMPENSATION PACKAGE IS DETERMINED BY THE PRESIDENT/CEO BASED ON THE INFORMATION AND ANALYSIS RECEIVED. THE VICE PRESIDENTS RECEIVE BENEFITS AVAILABLE TO ALL STAFF MEMBERS. THE GOALS AND COMPENSATION COMMITTEE ESTABLISHES CORPORATE GOALS AT THE BEGINING OF THE FISCAL YEAR AND DETERMINES INCENTIVE PAYMENTS TO EXECUTIVE OFFICERS AND STAFF MEMBERS BASED ON PERFORMANCE. THE PRESIDENT/CEO REVIEWS EXECUTIVE OFFICER COMPENSATION WITH THE GOALS AND COMPENSATION COMMITTEE AND THE COMMITTEE DETERMINES IF A PAY INCREASE WILL BE SET FOR THE FOLLOWING YEAR. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE CHAMBER'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. |
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