Global Taiwan Institute

“Howard Huang, Dorothy Huang, and Alice Huang have a family relationship. Patrick Huang and John Huang also have a family relationship. Fred Wang and Betty Wang have a family relationship. Wu-Chien Tsou and Sunshene Tsou are related by family. Charles Pan and Richard Pan are also family-related.”

“The Form 990 was prepared by the outside accountants and reviewed by senior management. The Board received a full copy of the 990 before it was filed with the IRS.”

“This policy is directed to all members of the board of directors, officers and employees who can influence the decisions, actions or direction of Taiwanese American cultural center. The Board of Directors has identified certain areas where conflicts of interest may arise. Individuals should at all times use their judgment to determine if a specific area creates a conflict between them and Taiwanese American cultural center. The Board of Directors conducts an annual review of this policy to ensure that all employees, directors and officers are in compliance. As part of the annual review, all directors submit a statement of conflicts to the executive director who provides copies of all such statements to the full Board of Directors for its review. Transactions involving parties with whom a conflict exists may only be undertaken if the following procedure is completed:a. The conflict is fully disclosed to an individuals supervisor. If the conflict involves a member of the Board of Directors, said member must disclose the conflict in writing to the entire Board of Directors. B. The person with the conflict of interest may not partake in any discussion involving the proposed transaction and may not vote to approve or reject a transaction. C. The transaction may only be undertaken if no comparable alternative exists, as determined by the non-conflicted members of the Board of Directors D. The Board of Directors, or committee thereof, has determined that despite the conflict, the transaction remains in the best interest of Taiwanese American cultural center.”

“The process for determining the executive directors compensation included a review and approval by independent persons, comparable data, contemporaneous substantiation of the deliberation and decision.”

“The process of the determination of other officers compensation requires a review and approval by the executive committee and the board meeting. The last compensation review took place in September 2021.”

“The Organization makes its governing documents, conflict of interest policy and financial Statements available to the public upon request.”