Structure and Funding
The 116 regional BBBs are independently governed by their own boards of directors, but must meet international BBB requirements, which are monitored by the CBBB. The CBBB is governed by leaders of local BBBs, as well as by senior executives from major American corporations, and community leaders such as academics and legal experts. Each BBB is run separately and is chiefly funded by its members, who often serve on its board. A study by a business school dean at Marquette University found that ninety percent of BBB board members are from business.
Businesses that move from one BBB jurisdiction to another may need to apply for BBB Accreditation in the new BBB location unless they have a system-wide accreditation. BBB entities are chiefly funded by member businesses. The national CBBB receives franchise fees, which amounted to $4,884,226.00 in 2009.
Read more about this topic: Better Business Bureau
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