Chb Properties Inc.

“Children's Medical Center Corporation is the sole Member of CHB Properties, Inc.”

“Children's Medical Center Corporation is the sole Member of CHB Properties, Inc. The Children's Medical Center Corporation elects the governing body of CHB Properties, Inc.”

“Children's Medical Center Corporation is the sole Member of CHB Properties, Inc. As stated in the organization's By Laws, Children's Medical Center Corporation has the powers and rights: - To approve the annual operating and capital budgets; - To approve capital expenditures by the Corporation in excess of $150,000; - To approve long-range planning goals and objectives; - To approve the sale of any major portion of the Corporation's assets; - To approve the initiation of any fund raising program; - To approve the revision of policies; - To approve any new contracts; - To approve any substantial increase in the compensation of employees or officers; - To approve any lease of equipment or real estate; - To approve any change in insurance coverage; - To approve any incurrence of long-term indebtedness; - To approve any change in independent certified public accountants; - To approve any change in accounting practice; - To approve any change in bank accounts or persons authorized to sign checks; - To approve any contracts involving an annual payment of more than $5,000; - To approve any major change in significant suppliers; - To approve the entry into any new line of business.”

“The Form 990 tax return was prepared by Children's Hospital staff and reviewed by the Chief Financial Officer and General Counsel, along with the outside accounting firm of Ernst & Young. A copy was made available to the Board prior to filing.”

“CHB Properties, Inc. adopts the Conflict of Interest Policy in the form adopted and maintained by the Children's Hospital Corporation, as from time to time in effect. The Organization's conflict of interest policy applies to all directors, Trust Board members, members of the medical or research staff, faculty, fellow, resident, student, visiting faculty or scientist, consultant, volunteers and employees of the Hospital. Directors, chiefs of service and division chiefs, senior directors and others who exercise influence over important strategic, business and purchasing decisions of the Hospital are required to complete an annual conflict of interest disclosure questionnaire about their financial interests and outside activities. If an expected questionnaire is not returned, the Compliance Officer notifies the individual's supervisor or the CEO or COO, and repeated requests for the completed questionnaire are made until the questionnaire is completed. Responses are reviewed by the Compliance Officer and any potential conflicts are discussed with the Office of General Counsel and/or the individual's supervisor; any actual or potential conflicts are managed by termination of the conflict, management of the conflict, recusal, disclosure, review, or a combination thereof. Outside interests and outside activities may be permitted as long as the Hospital, Medical Center or Trust determines that such interests and activities are consistent with the policies of the Hospital, Medical Center or Trust and the Hospital, Medical Center or Trust Board member, medical staff member or employee involved does the following: 1. discloses the fact that he/she has a financial interest or a consultative role in or with a person or company with which the Hospital, Medical Center or Trust is doing or is thinking of doing business; and 2. refrains from voting or exercising any personal influence whatsoever in the selection of a person or company to do business with the Hospital, Medical Center or Trust with whom or in which he/she has a financial interest or a consultative role; and 3. avoids any active participation in any financial negotiations between the Hospital, Medical Center or Trust and the person or company with whom or in which he/she has a financial interest or consultative role; and 4. does not permit such outside interests or activities to absorb such amounts of his/her time and effort as to make it impractical for them to fulfill their assigned responsibilities at the Hospital, Medical Center or Trust; and 5. does not permit such outside interests or activities to compromise or appear to compromise the name or reputation of the Hospital, Medical Center or Trust.”

“The organization does not have any employees and does not compensate its Trustees or Officers of the Board.”

“CHB Properties, Inc. adopts the Code of Conduct, the Conflict of Interest Policy, and the Compliance Manual in the form adopted and maintained by the Children's Hospital Corporation, as from time to time in effect. Children's Hospital posts its Code of Conduct (which incorporates the Conflict of Interest Policy) and its Compliance Manual (which includes a summary of the Conflict of Interest Policy) on its external website and these are also available from the Compliance Office or the Office of General Counsel. Governing documents are not posted publicly but are available upon request and are also filed with the Massachusetts Secretary of State, where they are available to the public. Financial statements are available upon request.”

“The individuals, who have compensation from related organizations, listed in Column E, spend the remainder of their full time hours working for Children's Medical Center and its other affiliates.”

“The filing organization has one independent member of the governing body. However, the filing organization is part of an integrated delivery system of organizations, including Children's Hospital that have community boards. There has been no material change in the structure of the governing body since it applied for and received exempt status.”