Pasadena Bioscience Collaborative Inc

“PASADENA BIO COLLABORATIVE INCUBATOR's Form 990 is reviewed internally by senior management. It is then submitted to the finance committee for review and approval. The final Form 990 is sent to the Executive Board by either hard copy or electronically prior to filing.”

“The Conflict of Interest Policy applies to all PASADENA BIO COLLABORATIVE INCUBATOR'S Directors, officers, and key employees and requires the avoidance of the appearance of a conflict of interest as well as of actual conflicts. The Board President is charged with enforcing the Conflict of Interest Policy, including regularly and consistently monitoring compliance with the Conflict of Interest Policy. Potential or actual conflicts are dealt with according to whether the conflict involves another officer or the Executive Director (in which case the matter is submitted to the Chair of the Board). Violations may result in sanctions up to termination. PASADENA BIO COLLABORATIVE INCUBATOR requires each Director, officer, and key employee to disclose annually interests that could give rise to conflicts. Each Spring, PASADENA BIO COLLABORATIVE INCUBATOR asks each Director, officer, and key employee to complete and sign a document that includes a copy of PASADENA BIO COLLABORATIVE INCUBATOR's Conflict of Interest Policy, an acknowledgement that the recipient has read the policy, confirmation that the recipient complied with the policy during the preceding year and up to the date of completing the document, a statement that the recipient has no conflicts to report or has reported them on the document, and an undertaking to promptly advise the Executive Director or President of PASADENA BIO COLLABORATIVE INCUBATOR upon becoming aware of any conflict. No Organization Director, officer, and key employee who has a conflict of interest may vote or otherwise participate in any final deliberation or decision on behalf of PASADENA BIO COLLABORATIVE INCUBATOR regarding any contract, transaction, or other matter in which the Director, officer, or employee has a conflict.”

“PASADENA BIO COLLABORATIVE INCUBATOR shall, by Finance Committee or Compensation Committee, subject to approval by the Board of Directors, annually review, set, and document the positions, responsibilities, reasonableness of the total compensation (including benefits and deferred compensation) for any officers and directors who are compensated, and will also review, approve, and document the total compensation (including benefits and deferred compensation) for the senior executives who report directly to the Executive Director. At least once every two years, the Finance Committee or Compensation Committee shall present to the Board of Directors a written evaluation of the Executive Director's performance. No member of the Board of Directors who receives compensation from PASADENA BIO COLLABORATIVE INCUBATOR shall serve on the Compensation Committee.”

“Governing documents of PASADENA BIO COLLABORATIVE INCUBATOR are made available to the public upon request.”