Writers Guild - Industry Health Fund

“POWER TO APPOINT THE MEMBERS OF THE GOVERNING BODY: THE OPERATION AND ADMINISTRATION OF THE HEALTH FUND SHALL BE THE JOINT RESPONSIBILITY OF THE PRINCIPAL TRUSTEES; OF WHICH SHALL CONSIST OF AN even NUMBER OF TRUSTEES THAT ARE APPOINTED BY WRITERS-GUILD OF AMERICA AND PRODUCER TRUSTEES THAT WILL INCLUDE THOSE AS APPOINTED BY THE NETWORK COMPANIES AND THE ALLIANCE.”

“Review process of the form 990: the form 990 is prepared by an independent certified public accounting firm, engaged by the board of trustees, in which a copy of the form 990 is provided to all members of the govering body. The chief executive officer reviews the form 990 and a final copy of the form 990 is then provided to the trustees for final approval subsequent to its filing.”

“Conflicts of interest policy: disclosure of actual or potential conflict of interest. Should any individual covered by this policy determine that he possesses an actual conflict or potential conflict of interest, such individual must disclose the existence of the financial interest or relationship giving rise to the conflict and disclose all relevant facts prior to participating in any decision to enter into proposed transaction or arrangement or, if later, as soon as the actual or potential conflict is recognized. In addition, at least once annually, trustees and other individuals subject to this policy will be asked to disclose in writing any relationships or interest that could give rise to a conflict procedure. Upon identification of a conflict of interest consistent with their fiduciary obligations under erisa, the trustees may proceed with or continue a transaction despite the existence of an actual or possible conflict of interest involving one or more trustees or other fiduciaries subject to this policy if all of the following are observed: a) the conflicting interest is fully disclosed and documented in writing, b) the trustees or other fiduciary with the conflict of interst is excluded from the discussion and approval of such transaction and does not attempt to influence the decision in any way, and the board determines that transaction is in the best interest of the trust, the terms of the transaction are fair with respect to terms available through arms-length transactions in the marketplace and the transaction does not constitute a non-exempt prohibited transaction under erisa.”

“Availability of documents: governing documents are available on the website wgaplans.org. Financial statements are available upon request. The conflict-of-interest policy is not made public.”

“BUSINESS RELATIONSHIPS: Certain trustees serve as board members, officers, or key employees of the Writers Guild of America East, Writers Guild of America West and the Alliance of Motion Picture and Television Producers and have business relationships WITH other trustees.”

“-$999,617 to back out partnership investment schedule k-1 activity recorded for return purposes in part viii, revenues.”