Friends of Jaclyn Inc

“The organization maintains its board of directors that may elect one or more members of the governing body”

“Governing body decisions are subject to approval by majority vote of the board”

“The key employee will provide copies of the return to all board members for final approval”

“It is the policy of the board that the existence of any of the interests described in section 4 shall be disclosed before anytransaction is consummated. It shall be the continuing responsibility of the board, officers, and management employees toscrutinize their transactions and outside business interests and relationships for potential conflicts and to immediatelymake such disclosures.disclosure policy and procedure:transactions with parties with whom a conflicting interest exists may be undertaken only if all the following are observed:1. The conflicting interest is fully disclosed2. The person with the conflict of interest is excluded from transaction3. A competitive bid or comparable valuation exists 4. Board determined that the transaction is in its best interest disclosure in the organization should be made to the chief executive officer who shall bring the matter to the attention of the board. Disclosure involving directors should be made to the board chair who shall bring these matters to the board. The boardshall determine whether a conflict exists and in the case of an existing conflict, whether the contemplated transaction may beauthorized as just, fair and reasonable to friends of jaclyn, inc. The decision of the board on these matters will rest in their sole discretion, and their concern must be the welfare of friends on jaclyn, inc and the advancement of its purpose.”

“Compensation of top management officials must be approved by the board of directors of the organization by a majority vote.”

“Governing documents are available to the public at the main headquarters place of business for public review upon written request to the board of directors”