Navy Pier Inc.

“Under the lease agreement between npi and the metropolitan pier and exposition authority ("mpea"), the chair of the board, the secretary-treasurer, and the chief executive officer of mpea are required to be voting members of npi's board of directors.”

“Form 990 is prepared by an outside firm working with the finance director. Form 990 is reviewed by npi's general counsel, c.e.o., and c.f.o. Form 990 is submitted to the finance committee and board of directors for final review prior to filing.”

“Npi relies upon self-reporting by board members. Ownership information is required for any lease, license, or significant vendor contract executed by npi. As such, the board members are able to monitor such items for potential conflicts.”

“The chair, after conferring with the c.e.o. Regarding goals and performance and making an independent evaluation, presents recommendations to the executive committee and board of directors for approval for the amount of the c.e.o.'s salary and for the c.e.o.'s bonus, based on an overall evaluation of the c.e.o.'s performance. The chair is provided with comparability data of the compensation of key staff at similar institutions for review, and the decision is documented in the minutes of the executive committee and the board of directors. The c.e.o. Reviews the goals and performance of senior staff, which may include key employees, in order to determine bonuses and salaries for other officers or key employees. The c.e.o. Reviews comparability data of the compensation of key staff at similar institutions, and the decisions are documented in npi's human resources records.”

“Governing documents, the conflict of interest policy, and the financial statements are available to the public upon request.”

“In reference to the average number of hours spent by directors in part vii, one hour per week is shown for all directors. In reality, the actual hours per week varies by director.”

“The compensation for the chief financial officer is for a partial year.”