Harvard Business School Interactive Inc.

“Harvard Business School is part of President and Fellows of Harvard College which may appoint members of the HBSi governing body and which has final approval of HBSi actions. The sole member of the corporation is the Dean of Harvard Business School or if there is no such Dean, a person designated by the President and Fellows of Harvard College.”

“The organization did not perform any activities requiring action by the Board during the year. The only actions the Board may have taken during the year would have been acceptance of resignations of any officers or directors and/or the appointments of new officers and directors, all of which would have been recorded contemporaneously.”

“There are no committees and pursuant to the instructions none were chosen”

“Form 990 was reviewed by President Fellows of Harvard College administrators. A copy of the Form 990 was provided to the Governing Body before it was filed.”

“Harvard Business School Interactive, Inc. adheres to Harvard University policies and procedures, including a conflict of interest policy.”

“Payments made for faculty consulting services, not in the capacity of an officer or director role, are based on fixed rates for specific course development and facilitation services. The same process and rates are applied for all faculty consultants.”

“Harvard Business School Interactive, Inc. is part of President and Fellows of Harvard College which makes its annual financial statements available on its website. Harvards conflict of interest policy is available on Harvards intranet, accessible to members of the Harvard community. HBSis governing documents are available upon request.”

“The University does not track hours worked by trustees, officers, key employees, and highest compensated employees. The average hours worked reported on Part VII, Column B are estimates, with 60 hours per week as an approximation for fulltime employment. The hours per week devoted to related organizations represents an estimate of time the individual spends in his/her capacity as a member of the board of directors and/or as an employee of Harvard Affiliates.”

“Harvard Business School Interactive, Inc. HBSi is part of President and Fellows of Harvard College and as such is included in the annual financial statement and accompanying audit for President Fellows of Harvard College.”

“For financial reporting purposes, Harvard Business School Interactive, Inc. HBSi is part of President Fellows of Harvard College and as such is included in the annual financial statements and accompanying audit for Harvard. Other changes in net assets include transfer of 1.8M to support organization as reported in Schedule A”