BOMA's Middle Atlantic Conference (MAC), part of BOMA International, is a tax exempt corporation that is tax-exempt under Section 501(c) (6) of the Internal Revenue Code. In connection with MAC's governance and bylaws, the Board of Directors has ultimate responsibility for the organization. As Directors, the Board has fiduciary responsibility for MAC. Fiduciary responsibility involves a duly to act for the good of others. Because MAC exists for the members benefit, its Board exists to function as the guardian or steward to safeguard the members' interest. Put simply, first and foremost, the Board safeguards MAC's mission.