Boc Capital Corp

“The organization hired a family member of the executive director. Tobe tsuchiya & nancy carin (executive director) are related.”

“The board of directors has two classes of members; seated directors are elected as follows: the board of directors nominates potential new seated directors. Potential seated directors are interviewed and screened by the executive committee. Potential seated directors are voted on by the full board. It takes a simple majority of votes to approve the nominee. Sponsor directors are elected as follows: sponsor members of the corporation nominate potential new sponsor directors, whose nomination and bio are disseminated to sponsor 8. Members of the corporation. Each sponsor member has two votes for up to two sponsor directors. Two potential sponsor directors receiving the most votes are elected to the board.”

“A majority of the entire board constitutes a quorum for the transaction of business. At any meeting of the board at which a quorum is present, the vote is considered to be the act of the board. Any action required or permitted to be taken by the board or any committee thereof may be taken without a meeting if all members of the board or the committee consent in writing to the adoption of a resolution authorizing the action. The resolution and the written consents by the members of the board is filed with the minutes of the proceedings of the board.”

“The Audit Committee will receive the draft of Form 990 and its supporting schedules for review and approval. They will scrutinize the document for accuracy, discuss any significant transactions or disclosures, and suggest any necessary amendments. Following a majority vote for approval by the committee, the CFO or an appointed staff member will file Form 990 with the IRS by the deadline. The filed Form 990 will then be presented to the board members at the subsequent board meeting, and a copy will be kept in the organizations records.”

“We maintain conflict of interest policies for officers, directors and all employees. The ed reviews these policies with all staff twice each year. Officers, directors are required to complete a conflict of interest certification and disclosure when joining the board, and on an annual basis thereafter.”

“The executive committee regularly evaluates the executive director's performance to ensure their compensation package aligns with industry benchmarks. After thoroughly reviewing comparable salaries from recognized studies, compensation surveys, and Form 990s of other non-profit organizations with similar size and activity, the executive committee proposes revised compensation. The Governance Committee also provides their input, and the Board of Directors makes the final decision.”

“The organization has established a written policy where compensation is determined based on: impartial decision makers; comparability data; experience level and educational background; concurrent documentation; annual performance review.”

“Fiscal office provides copies of organization's governing documents, conflict of interest policy, and financial statements upon request.”

“Financial statements and copies of form 990 files in the finances files, and copies are located at the finance office for public inspection and/or copying during regular business hours. Disclosure of governing documents and conflict of interest policy: governing documents (articles of incorporation, bylaws) and conflict of interest policy of our organization are subject to the federal public disclosure rules and these documents are publicly available and located at the finance office for public inspection and/or copying during regular business hours.”