Global Alliance for Tb Drug Development Inc

“Form 990 was prepared by a nationally recognized accounting firm in conjunction with the organization's finance department. The draft of form 990 was reviewed by the organization's finance department and senior management, and then provided to all members of the board of directors in draft via electronic mail, with an opportunity for them to comment or make inquiry before it was filed with the internal revenue service.”

“The organization's conflict of interest policy is distributed to officers and directors annually along with a questionnaire that is completed by all officers and directors in which they are asked to disclose information regarding actual or potential conflicts of interest. These questionnaires are collected and reviewed annually to ensure compliance with the conflict of interest policy. The policy itself also requires any director or officer to promptly disclose any conflict of interest. Interested directors and officers are required to recuse themselves from any decision on matters in which they have an interest, and such recusal is noted in the minutes.”

“The compensation committee, which consists of three independent board members, annually reviews the ceo and officers compensation in conjunction with an evaluation of organizational performance. The committee recommends adjustments in compensation to the full board for review and approval, within the context of an agreed upon competitive position. The competitiveness of compensation is periodically benchmarked using independent salary survey data from the not-for-profit and for-profit industry. The compensation committee documentation includes the performance assessment, comparable data and the source of this data, and the recommended adjustments. The minutes of the full board include documentation of the approved decisions. The minutes of the board and committee are prepared before the later of the next meeting or 60 days after the final decision of the board and the committee.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Professional services and agreements include individual consultants who are contributing their specific expertise related to our clinical trials and other early stage and preclinical discovery work. Expertise in such areas as pharmacovigilance, non-glp bioanalysis, analytical evaluation of drug stability and program management are some of the services required in order to complete our scientific research and development. These consultants are managed by our staff, who coordinate the work necessary to be completed among all outside parties.”

“Foreign translation loss....$ (79,155)”

“Description:prof. Svcs & agreements total fees:9475403”