The Tibet Fund

“The initial review is made by the president of the organization who provides a copy to the finance committee of the board of directors. A copy of the 990 is provided to the full board prior to its submission to the irs and the finance committee meets with the independent auditor to review the financial statements and tax return.”

“Any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, is covered under the policy.in connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement.after disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she must leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members decide whether a conflict of interest exists and act upon that decision.the executive director routinely reviews and approves all contracts and invoices to determine whether any interested person is connected with the transaction. In the event of a potential conflict of interest, the executive director will consult with the executive committee of the board to determine a course of action.”

“The executive committee of the board establishes compensation parameters which are guided by advice from colleagues in the ngo field and then presented to the full board for review.”

“Form 990 is made available to the public upon request and on the organization's website. The organization's governing documents and conflict of interest policy are not made available. Forms 1023 & 1024, filed on april 13, 1982, exceed the 3 years from file date which they must be available.”

“The finance committee of the board of directors is responsible for the review and approval of audit reports, financial statement and the selection of an independent auditor. There has been no change from the prior year.”