Hope Worldwide Ltd

“THE ORGANIZATION'S BOARD VOTED ON SEPTEMBER 8, 2024 AND ON FEBRUARY 20, 2025 TO UPDATE THE BYLAWS AS FOLLOWS: 1.Modified the way a board member's term would be calculated and clarified the term renewal process. 2.Clarified the structure and scope of board committees. 3.Modified the process for electing a Chair and Vice Chair and clarified the process for succession. 4.Modified the structure, term and responsibilities of the Officers. 5.Clarified the process for unanimous written consent.”

“The CFO reviews Form 990 and related documentation. The CEO/President also reviews it. Then a draft of the Form 990 is provided to the Finance & Audit committee then the full board for their review. The board knows that a review of the Form 990 is required before the submission.”

“Every staff member of HOPE worldwide, LTD is required, annually, to sign a form that ensures everyone is aware of and in compliance with the conflict of interest policy. The human resources department collects and maintains this information. In addition, annually, every board member and principal officer completes a conflict of interest disclosure statement disclosing the facts relating to any actual or potential financial interest or stating that he or she has no reportable financial interest that would constitute a conflict or potential conflict of interest and acknowledging that he/she reviewed, understands and agrees to comply with the conflict of interest policy. HOPE worldwide LTD's conflict of interest policy requires any board member or principal officer with a conflict or potential conflict of interest to immediately disclose the existence of any material facts regarding any interest or transaction or matter being considered by the board or a board committee to the president (or if the president is the one with the conflict, then to the chair of the board) who shall then bring these matters to the attention of the governance committee of the board who will make an ultimate determination. In addition, the person with the potential conflict must recuse himself or herself from the meeting in which the transaction or matter is discussed and voted upon.”

“The Finance & Audit committee of the board of directors has the responsibility and authority to determine the nature and amount of compensation (including salary & benefits, as appropriate, to the position and appropriate for Georgia) to be included in the president's contract during the contract process. The HOPE worldwide, LTD board of directors uses the Candid Salary survey and the Insperity PEO salary survey as a guide to determine reasonable compensation to ensure that nobody at HOPE worldwide, LTD is excessively compensated. Also, on an annual basis, a review of the president's performance is conducted. Any salary increases recommended based on the president's performance would need to be approved by the executive committee of the board of directors. The HOPE worldwide, LTD board of directors has adopted the Insperity salary survey for determining reasonable compensation based upon job size. The Chief Financial Officer, using the job-size and market salary comparisons consistent with current national salary surveys, establishes salary levels and median salaries for each job range. The relevant supervisor may recommend a salary within the current market range based on the employee's qualifications as well as budget constraints. The CFO presents that information to the Finance and Audit committee of the board of directors for its review. Ultimately, the Finance & Audit committee's recommendations must be approved by the full board.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request in the organization's public inspection file.”