Project Beauty Share

“The board has an executive committee with power to act for the board between board meetings. The executive committee has and exercises the authority of the directors in the management of the organization, subject to such limitations as may be prescribed by the board and by applicable washington law. The executive committee does not have the authority to (a) amend, alter or repeal the bylaws; (b) elect, appoint or remove any director, officer or committee member; (c) amend the articles of incorporation; (d) adopt a plan of merger or consolidation; (e) authorize the sale, lease, or exchange of all or substantially all of the organization's property and assets outside of the ordinary course of business; (f) authorize the organization's voluntary dissolution or revoke proceedings therefore; (g) adopt a plan for the distribution of the organization's assets; or (h) amend, alter or repeal any resolution of the board which by its terms provides that it shall not be amended, altered or repealed by a committee.”

“The draft form 990 was reviewed by the governing board and executive director. Once reviewed, it was then distributed to all board members for review prior to filing.”

“Project beauty supply's conflict of interest policy applies to all board members, officers, and members of committees with board-delegated powers. If a covered individual has a potential conflict of interest, they're required to disclose it, along with all material facts, to the board. After such discussion, the individual leaves the room while the board determines whether a conflict exists. If it is determined that a conflict exists, the conflicted individual may answer questions but may not otherwise be present or vote on a matter involving the conflict. Alternative transactions not involving a conflict may be evaluated. If it is believed that a covered individual failed to disclose a conflict of interest, they are given the opportunity to explain to the board, after which the board determines whether a failure to disclose did occur and, if so, appropriate disciplinary and corrective actions.”

“The process for determining the executive director's compensation includes a review by the board and finance committee. The board and finance committee use market knowledge and industry comparisons to determine the executive director's compensation. This happens annually and last occurred in october 2024.”

“Project beauty share will provide its primary governance documents and its conflict of interest policy upon request.”