Acts Retirement Services Inc.

“After review by the cfo and ceo, the form 990 is reviewed, before filing, by the board of directors' audit committee, which includes two certified public accountants. The form 990 is then provided to the other members of the governing body before filing.”

“A conflict of interest questionnaire is completed on an annual basis by the organization's officers, directors and trustees. The responses are reviewed by the ceo and chairman of the board of directors to determine if conflicts are present and if so, the extent of the conflict. For conflicts that arise, the officer, director or trustee must recuse themselves from participating in deliberations and decisions that involve the determined conflict.”

“It has been the company's affiliates' practice to engage an independent compensation consultant on an approximately biennial basis for the purpose of reviewing the compensation program for the organization's top management positions.”

“The organization's governing documents and conflict of interest policies are filed with numerous regulatory authorities and therefore, are available to the public. In addition, upon receipt of a request and its review, the organization will make available such documents, as deemed appropriate. The acts retirement services, inc. And subsidiaries consolidated audited financial statements are made available to the public.”

“Other compensation includes accruals for a deferred supplemental executive retirement plan for gerald t. Grant (non-vested) and j. Mark vanderbeck (non-vested).”

“The organization's annual financial statements are audited on a consolidated basis and the organization has an audit committee consisting of board members only that exercises responsibility for the oversight of the audit.”