Pittsburgh Life Sciences Greenhouse

“Mpc corporation is the sole member”

“PLSG's By-laws provide for MPC Corporation to elect the Board of Directors. MPC Corporation is the sole member of PLSG and is owned solely by the University of Pittsburgh and Carnegie Mellon University. The PA Secretary of the Department of Community and Economic Development and PA Secretary of Health serve as ex-officio Directors.”

“MPC Corporation's approval is required to remove a Director and to amend, alter, or repeal PLSG's Bylaws.”

“The form 990 is initially prepared by the organization's certified public accounting firm. The form 990 is then reviewed in detail by the organization's v.p. Of finance, chief executive officer, audit committee and finally the full board of directors prior to filing with the internal revenue service.”

“All officers, directors and employees are covered by the organization's conflict of interest policy & are required to promptly notify the organization of any conflict of interest. They are also required annually to complete a conflict of interest questionnaire. These questionnaires are reviewed by management. Individuals are prohibited from participating in decision making for transactions where there appears to be a conflict of interest.”

“The board of directors has delegated to the compensation committee the review and approval of the compensation of the chief executive officer, other officers and employees. This committee is comprised of predominantly independent directors who annually review compensation data of similarly qualified individuals in functionally comparable positions in similar organizations. Decisions of the committee are contemporaneously documented.”

“All documents are available upon request from the chief financial officer.”

“All documents are available upon request from the chief financial officer.”

“Equity gain in subsidiary 1,506,929.”