| 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 | MEMBERS WITH DUES OVER $15,000 HAVE THE RIGHT TO A SEAT ON THE BOARD, WITH THE NOMINEE SUBJECT TO THE APPROVAL OF THE FULL BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | CERTAIN CHANGES TO THE BYLAWS ARE SUBJECT TO APPROVAL OF MEMBERS AT THE ANNUAL MEMBERSHIP MEETING. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE PRESIDENT AND CHIEF OPERATING OFFICER WILL REVIEW THE RETURN BEFORE FILING AND PROVIDE A COPY TO THE BOARD OF DIRECTORS 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. |
| FORM 990, PART XII, LINE 1: | THE ORGANIZATION USES THE MODIFIED CASH BASIS OF ACCOUNTING. |
| PART XII LINE 2 C | THE PROCESS FOR FINANCIAL OVERSIGHT HAS NOT CHANGED. |
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