Inter-Cooperative Exchange

“Part III, Line 1 - Organization Mission: 1. Negotiate agreements between crab harvesters and crab processors. 2. Perform market analyses of crab species. 3. Analyze import and export statistics for crab. 4. Host meetings for coop members. 5. Represent members in arbitration proceedings. 6. Enhance value of crab products to coop members through marketing efforts. 7. Receive and allocate individual fishing quota under the Bering Sea/Aleutian Island Crab Rationalization Program.”

“Explanation of Classes of Members or Shareholder - The organization has a single class of members. The members are grouped into voting districts. Each voting district elects a single Delegate to represent its members in all matters requiring vote, consent or approval of the members (with the sole exception of the appointment of the districts Delegate).”

“How Members or Shareholders Elect Governing Body - Each Delegate is elected by members of the voting district. (See question 6 above.) Each Delegate serves as a member of the governing body.”

“Form 990 Review Process - The Board Members receive a copy of the Form 990 for review prior to filing.”

“Explanation of Monitoring and Enforcement of Conflicts - Disclosure is made on at least an annual basis via email or other appropriate correspondence between the Association and Covered Officials (described below). Disclosure is shared with the Associations Board of Directors, which may take such further action it deems appropriate. In addition, any relationship or circumstance that is created or arises in the interim is disclosed to the Board President and Executive Director as soon as possible. Covered officials include the Board of Directors, officers and key employees. Once a conflict of interest arises, in addition to disclosure, the person with the conflict should use their best judgment as to whether and to what extent they should recuse themselves from deliberations, voting, decision-making, and other participation with respect to the matter at issue, and whether they should resign from an office or position. In making this determination, the best interests of the Association should be the sole criteria. The Board of Directors may require full or limited recusal or other measures, including resignation from an Association office or position.”

“Other Organization Documents Publicly Available - Governing documents, policies and financial statements are available upon request.”