| FORM 990, PAGE 6, PART VI, LINE 6 |
THERE IS ONLY ONE CLASS OF MEMBERS. ALL MEMBERS HAVE THE RIGHT TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS (THE GOVERNING BODY OF MTEMC). |
| FORM 990, PAGE 6, PART VI, LINE 7A |
THERE IS ONLY ONE CLASS OF MEMBERS AND ALL MEMBERS MAY VOTE TO FILL VACANCIES ON THE BOARD OF DIRECTORS. DIRECTORS MUST BE MEMBERS AND ARE ELECTED BASED ON GEOGRAPHICAL LOCATIONS AS STATED IN THE BYLAWS. DIRECTORS SERVE THREE YEAR TERMS. |
| FORM 990, PAGE 6, PART VI, LINE 7B |
THE BYLAWS MAY BE ALTERED, AMENDED OR REPEALED BY THE MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 8B |
THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 11B |
BOTH THE CONTROLLER AND VP OF FINANCE REVIEW FORM 990. THE VP OF FINANCE REVIEWS WITH PRESIDENT AND FINANCE COMMITTEE OF THE BOARD. |
| FORM 990, PAGE 6, PART VI, LINE 12C |
MTEMC HAS SEVERAL POLICIES THAT ADDRESS CONFLICTS OF INTEREST. THESE POLICIES APPLY TO DIRECTORS AND EMPLOYEES AND ARE RENEWED ON AN ANNUAL BASIS. EMPLOYEES ARE TO REPORT CONFLICTS OF INTEREST TO THEIR SUPERVISORS. WHEN FAMILY MEMBERS OF DIRECTORS OR EMPLOYEES SEEK TO DO BUSINESS WITH MTEMC SEALED BIDS ARE REQUIRED. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR RESOLVING ANY DISPUTES CONCERNING CONFLICTS OF INTEREST. |
| FORM 990, PAGE 6, PART VI, LINE 15A |
COMPENSATION OF THE PRESIDENT IS DETERMINED BY ANNUAL REVIEW MADE BY THE PERFORMANCE AND APPRAISAL COMMITTEE. THE COMMITTEE'S RECOMMENDATION IS GIVEN TO THE FULL BOARD FOR APPROVAL. THE EVALUATION INCLUDES SALARY COMPARIBILITY DATA. BOARD APPROVAL IS DOCUMENTED IN THE MINUTES. |
| FORM 990, PAGE 6, PART VI, LINE 19 |
THE COOPERATIVE'S BYLAWS AND RULES AND REGULATIONS ARE MADE AVAILABLE ON OUR WEBSITE. GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY(S), AND FINANCIAL STATEMENTS ARE AVAILABLE TO OUR MEMBERS UPON REQUEST. SUMMARIZED FINANCIAL INFORMATION IS PUBLISHED ANNUALLY IN THE TENNESSEE MAGAZINE. |
Attach to Form 990 or 990-EZ.