Changes

==Notes==

==Notes==

There has been a long-standing debate around the requirement of Directors and Officers being required to pay dues. Often a legal precedent is cited in that Directors and Officers lose a layer of liability protection as a result of being compensated by the organization. As per the new bylaws work-in-lieu is codified as an acceptable exchange for membership and is not considered compensation.

There has been a long-standing debate around the requirement that Directors and Officers pay dues. Often a legal precedent that Directors and Officers lose a layer of liability protection as a result of being compensated by the organization has been cited as a reason for not providing work-in-lieu of dues memberships for D & O. But, as per the new bylaws, work-in-lieu is codified as an acceptable exchange for membership and is *not* considered compensation.

Additionally, from our attorney: "Regarding the issue of director/officer dues, I recommend ... a waiver of dues (or an expensing of cost of the nonpayment of membership dues) because of directors and officers’ responsibilities in furtherance of the organization’s tax exempt purposes.  Dues should not appear in the organization’s Bylaws, but are rather a matter of organizational policy.  In much the same way the organization reduces or eliminates dues for types of service, the organization could waive the full amount of dues as a necessary condition for asking the directors and officers to perform their substantial oversight responsibilities in the interest of the organization.

Additionally, from our attorney: "Regarding the issue of director/officer dues, I recommend ... a waiver of dues (or an expensing of cost of the nonpayment of membership dues) because of directors and officers’ responsibilities in furtherance of the organization’s tax exempt purposes.  Dues should not appear in the organization’s Bylaws, but are rather a matter of organizational policy.  In much the same way the organization reduces or eliminates dues for types of service, the organization could waive the full amount of dues as a necessary condition for asking the directors and officers to perform their substantial oversight responsibilities in the interest of the organization."

This policy is written from the perspective that in order to fulfill their obligations to the organization Directors and Officers must have access to the physical location, from time to time, and that such activity constitutes an expense to the Directors and Officers.

This policy is written from the perspective that in order to fulfill their obligations to the organization Directors and Officers must have access to the physical location, from time to time, and that such activity constitutes an expense to the Directors and Officers.