Section 83.96. Certification criteria for a for-profit corporation owned by a nonprofit organization.

 

(1)  The department may certify a for-profit corporation owned by a nonprofit organization if the department determines that the nonprofit organization is woman-controlled and managed. Factors that the department may consider in reaching this determination include, but are not limited to, the following:

(a) At least 51% of the members who may elect the board of directors or trustees and who are entitled to vote on a dissolution of the nonprofit organization are women.

(b) At least 51% of the board of directors or trustees of the nonprofit organization are women.

(c) The minutes of the organization's meetings document the active control and participation of the women members of the board in such areas as setting and monitoring financial policy, personnel policy and program policy.

(d) The nonprofit organization is independent of control or substantial influence by a male-owned nonprofit or for-profit organization. The department shall refutably presume that the nonprofit woman-owned organization is dependent on a male-owned organization if the woman-owned organization shares office space, staff, equipment, or other resources, with a male-owned for-profit or nonprofit organization or if the woman-owned organization receives a majority of its funding from a single male-owned organization.

(2)  The applicant and department shall follow the certification procedures described in s. Adm 83.50 .

History: CR 06-113 : cr. Register May 2007 No. 617 , eff. 6-1-07; correction in (2) made under s. 13.92 (4) (b) 7. , Stats., Register December 2011 No. 672 .