Kcnq2 Cure Alliance

“The return is furnished to the foundation's treasurer for review and submitted to the Executive Board (Executive Director, President, Vice President, Treasurer, and Secretary) for approval before being submitted for filing.”

“Any interests that could give rise to a conflict must be disclosed to the Board. However, no contract or transaction between the Foundation and one or more of its members, directors, or officers, or any other foundation, partnership, association, or other organization in which one or more of this Foundation?s directors or officers are directors or officers, or have a financial interest, shall be void or voidable solely for such reason, or solely because the member, director, or officer is present or participates in the meeting of the Board of Directors which authorizes the contract or transaction, or solely because his or their votes are counted for such purpose if: The material facts as to the relationship or interest and as to the contract or transaction are disclosed or are known to the Board of Directors, and the Board of Directors in good faith authorizes the contract or transaction by the affirmative votes of a majority of the disinterested directors, even though the disinterested directors are less than a quorum; The material facts as to his relationship or interest and as to the contract or transaction are disclosed or are known to the Board of Directors, and the contract or transaction is specifically approved in good faith by a vote of such directors; or The contract or transaction is fair as to the Foundation as of the time it is authorized, approved, or ratified by the Board of Directors.”

“The Compensation Committee shall consist of the Vice President and Treasurer. They will review the contract rate and other benefits of the Executive Director. As part of this review, the Compensation Committee will make a recommendation to the Board of Directors regarding the Executive Director?s contract rate and other benefits to be paid for the upcoming year. This shall be done on an annual basis. The vote of a majority of the directors entitled to vote at a meeting at which a quorum is present shall determine the rate and other benefits of the Executive Director. This shall be done on an annual basis, no later than sixty (60) days after the anniversary date of the Executive Director?s date of hire.”

“The foundation made its governing documents, conflict of interest policy, and financial statements available to the public on its website and Guidestar upon request.”