Brooklyn Bridge Park Corporation

“Bbp has three members, being the individual holding the office of mayor of the city of new york, the individual holding the office of first deputy mayor of the city, and the individual holding the office of the deputy mayor for operations as set forth in i executive order no. 5 dated february 3, 2022, or any successor deputy mayor that reviews the activities of bbp pursuant to a subsequent executive order, or each such individual's authorized delegate.”

“The members appoint fourteen of the seventeen directors as follows (the remaining three directors are ex officio directors): (i) six directors; (ii) four directors, at least two of whom shall be community representatives, upon the nomination of the governor of the state of new york; (iii) one director upon the nomination of the state assembly member, 52nd district, or any successor district that include the brooklyn bridge park; (iv) one director upon the nomination of the state senator, 25th district, or any successor district that include the park; (v) one director upon the nomination of a member of the new york city council to be designated by the speaker of the new york city council; and (vi) one director upon the nomination of the president of the brooklyn borough.”

“Form 990 is prepared by cbiz marks paneth. A draft of the form 990 is reviewed by the bbp audit and finance committee prior to filing the form. Once reviewed by the committee, the form 990 is distributed to the full board for its review and comment, once approved, the form is filed with the irs.”

“Bbp monitors and enforces its conflict of interest policy by requiring each director to complete a conflict disclosure statement promptly after appointment and annually thereafter. The policy provides that if a director violates any of the provisions of the policy, such director shall be subject to an appropriate remedy under the circumstances, and in addition to any penalty contained in any provision of law, the director may be subject at the board's discretion, to removal for cause. Officers of bbp are also subject to the restrictions set forth in chapter 68 of the city charter, which is the city conflict of interest policy. Additionally, bbp complies with new york city conflicts of interest board ("coib") requirements for the public authorities accountability act. Bbp employees who meet the criteria must file annual coib forms; members of bbp's board of directors are also required to comply with coib and to file annual coib forms or equivalent new york state forms.”

“The senior management of bbp includes the president, general counsel and chief financial officer. The compensation of the president shall is determined considering factors such as skill, experience, past performance, and work history. The compensation of other senior management staff is determined by the president, considering factors such as employee skill, experience, past performance, work history and position.”

“Bbp's governing documents, conflict of interest policy and audited financial statements are posted on its website and are available upon request.”

“The process of overseeing the audit and selection of the independent auditor has not changed from the prior year.”