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Associated Organization and Managerial Employee

"Associated organization" means any organization in which a Legislator or a member of the Legislator's immediate family is a managerial employee, director, officer or trustee, or owns or controls directly or indirectly, and severally or in the aggregate, at least 10% of the outstanding equity. (1 M.R.S.A. § 1012(1-A)).

“Managerial employee” means an employee of an organization whose position requires substantial control over the organization’s decision making, business operations, financial management or contracting and procurement activities.  Financial management does not include tasks that are considered clerical in nature.