National Association for Shoplifting Prevention Inc.

“The executive director caroline kochman is related to directors peter berlin, robert levy and stephen bromberg by blood or marriage.”

“The form 990 was completed and copies were provided to the entire governing board as well as the executive director of the organization. The executive director reviewed the form 990 with the accounting department. Any necessary changes were then updated on the form. Once all necessary changes were made and the executive director was in agreement with the board of directors on the finished form 990, it was signed by the executive director, dated and submitted by the filing deadline. A copy of the approved form 990 was provided to all of the officers, directors and trustees before the return was filed.”

“Board monitors and enforces compliance with policies. They collect disclosure statements and ensure they are kept updated. Transactions must be reviewed by board members without participation of the interested board member (if there is a conflict). Transactions must be deemed favorable to organization - no excess benefit to interested board member. In meeting minutes the following should be recorded - names of individuals who disclosed found to have interest, nature of interest, extent of the director's/officer's participation in the relevant board/comittee meeting related to the possible conflict, record any determination as to whether the arrangement was fair & reasonable to the organization, specific reasons supporting the financial decision, alternatives to proposed/existing arrangement, names of persons present for discussions, record of votes taken in connection with the decision.”

“1.Review and approval. The compensation of the person is reviewed and approved by the board of directors or compensation committee of the Organization, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval.2.Use of data as to comparable compensation. The compensation of the person is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations.3.Contemporaneous documentation and recordkeeping.”

“UPON REQUEST”