Shipping Venture Corporation C/O Harvard Management Company Inc

“None of the voting members of the governing body are considered independent because they are compensated as employees by a related organization.”

“Nirmal p. Narvekar is the director & president of harvard management company, inc. The following board members are employees of harvard management company, inc.: kathryn i. Murtagh sanjeev daga”

“The organization does not pay compensation to its officers and directors, and has no key employees. All compensation is paid by a related organization for services provided to that organization. The related organization follows a compensation approval procedure that involves the hmc audit and compensation committee of the board, on an annual basis, approving proposed and final compensation arrangements using comparability data as well as contemporaneous documentation of compensation decisions in the minutes.”

“The organization's member is that person designated from time to time by the president or treasurer of the harvard corporation (called president and fellows of harvard college).”

“The organization's member is that person designated from time to time by the president or treasurer of the harvard corporation (called president and fellows of harvard college). Directors are elected by the member.”

“The member has such powers and rights as are vested in him or her by massachusetts general laws and, pursuant to the organization's by laws, has such other rights and powers as the directors may designate.”

“In advance of finalizing the form 990, a draft of the return is reviewed by a subset of the board of directors and harvard management company, a related organization. A full copy of the final form 990 is distributed to all members of the filing organization's board of directors prior to filing with the irs.”

“The organization regularly and consistently monitors and enforces compliance with its conflict of interest policy, which applies to all members of the board of directors and principal officers. Procedures are in place to identify conflicts of individuals to which the policy applies. If an individual becomes aware of a potential conflict, he or she is required to immediately disclose such conflict to the chief compliance officer of harvard management company, inc., a related organization. Conflicts are handled by board deliberation and board vote from which the interested party is excluded.”

“Financial statements and articles of organization are made available to the general public through the commonwealth of massachusetts office of the attorney general and the office of the secretary of state of the commonwealth of massachusetts, respectively. The organization's conflict of interest policy is not available to the general public.”

“The organization's directors are employees of harvard management company, inc., a related organization. These individuals are compensated by harvard management company, inc. For services performed as employees of that organization and work an average of 60 hours per week at harvard management company, inc. And its related organizations.”

“Description of organization mission: invest funds for the benefit of the president and fellows of harvard college, a related 501(c)(3) supported organization.”

“Transfer to parent - 0; transfer from parent - 35;”

“In accordance with generally accepted accounting principles (gaap) the financial information for shipping venture corporation is included in the consolidated financial statements of president & fellows of harvard college. President & fellows of harvard college has a committee that assumes oversight of the audit and selection of the independent accountants.”