International AIDS Vaccine

“The form 990 was reviewed in detail by the controller and cfo against the audited financial statements before filed with the irs. Please note that the financial statements are first reviewed and approved by the audit and finance committee and shared with the full board of directors.”

“Iavi has a conflict of interest policy which applies to all directors, officers, key persons, employees, consultants and advisory committee members. The policy requires that all directors, officers, key persons, employees and advisory committee members file an annual disclosure form, indicating whether there are any possible or actual conflicts as defined under the policy. In addition, all are required to disclose any possible or actual conflicts on an ongoing basis. Annual disclosure forms, as well other conflict of interest disclosures that arise during the year, are filed with and reviewed by the general counsel's office. In addition, the audit & finance committee reviews conflict of interest disclosures that involve a director, officer, or key person. In each case, the review ensures that any conflict of interest or possible conflict of interest is properly addressed, mitigated, and/or managed. Conflict of interest disclosures are summarized and provided to the chair of the audit & finance committee for review by the audit & finance committee. If any conflict of interest or possible conflict of interest disclosure involves the chair of the audit & finance committee, the committee meets without the chair.”

“The compensation committee of the board can periodically commission a compensation survey of the ceo's compensation package. When done this survey compares compensation packages of ceos of organizations that are comparable to iavi. Then the committee reviews the results and makes recommendations, discusses this with the board before providing specific guidance and approval to iavi's management. The compensation committee determines the appropriate package for the ceo and the board chair shares this information with human resources for implementation. Iavi makes use of data from a specialized compensation firm to conduct the survey and provide recommendation to the compensation committee. The deliberations of the compensation committee of the board are documented in the compensation committee minutes for each meeting of the members. Also, the same is captured in the board minutes as reported out by the compensation committee chair for board discussions and approval. The last compensation review took place in december 2024. The committee had not requested a compensation survey specfic to ceo pay this year so management referenced extenral data sources to determine the competitive landscape and develop annual increase recommendations for the ceo and other key personnel. The committee reviews the results and recommendations from these sources and provides management with specific guidance in addressing any disparities. Using benchmark job classifications, iavi purchases external salary survey data, and uses this data across all its offices to determine the competitiveness of its compensation programs and to enable the organization to continue to attract and retain the right talent in these various markets. In most cases the local labor market is considered and for certain positions, regional markets must be targeted. Salary recommendations and external data trends may be reviewed with the compensation committee of the board, which gives management overall guidance on compensation direction. Based on recommendations and guidance of the compensation committee, the executive office and human resources communicate changes to any affected employees. Any compensation changes are determined based on external competiveness, relative internal value, individual performance, team dynamic, and iavi's ability to pay.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available on its website.”

“Foreign exchange gain -716,289. Currency translation 45,885.”