Sustainability Accounting Standards Board Sasb

“In accordance with common practice in the nonprofit community, the board delegates certain matters to various committees which are empowered to act between board meetings if necessary, and sometimes with specifically delegated authority to act in particular areas on behalf of the full board. The composition of the various committees includes certain members of the organization's board.”

“Directors robert herz and mary schapiro are on the board for morgan stanley and director audrey choi is an employee of morgan stanley. Mary schapiro works for bloomberg lp, which is related to bloomberg philanthropies (a separate entity), which is a major funder of vrf.”

“Form 990 is prepared by an outside tax professional. After a full review, the final version of the tax return is provided to all members of the successor organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service.”

“Members of the board of directors review all potential conflicts of interest at least annually. All personnel and board members are required to disclose (in writing) potential conflicts and any related party affiliations. Loans from the organization to management or directors are prohibited. The organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.”

“Compensation of high-level personnel and key employees is reviewed periodically by the compensation committee of the board. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries and all related benefits. All decisions are then documented in personnel files. This compensation review was last performed in 2021 by the finance and compensation committee of the board.”

“All of the organization's governing documents, financial statements and other legal filings are maintained in a secure environment and held available for inspection by tax authoritites and the general public. Tax returns are available to the general public for download at various third-party websites such as www.guidestar.org and www.charitynavigator.org, among others. Tax returns are also available for a physical inspection at the organization's office in san francisco, california.”

“Transfer of assets upon merger -12,707,053.”