The Executive Leadership Council Inc.

“The board of the executive leadership council (elc) appoints eleven of the fourteen board members of the executive leadership foundation. The three remaining members consist of the president of the foundation, the immediate past chair of the foundation, and the current vice chair of elc”

“The annual operating budget of the foundation is subject to joint approval by the board of the executive leadership council (elc) and the board of the executive leadership foundation, itself. Any amendment, restatement or repeal of the foundation's articles of incorporation or bylaws are first submitted to the board of elc for aproval. Following the approval of the board of elc, the board of the foundation votes whether to adopt the amendment, restatement or repeal”

“Upon completion of the return by outside tax preparers, the form 990 is first reviewed by management and is then submitted to the audit committee who has the delegated responsibility of reviewing the return prior to filing by the board of directors. After the audit committee reviews and is in agreement, the return is finalized and signed off by the outside tax preparers as well as the president & ceo of the council. Prior to filing, the full and complete form 990 is distributed to the entire board of directors.”

“Elf monitors its conflict of interest policy by requiring all new board members to identify any conflict that may arise with them serving on the board of directors of elf. They are required to sign a conflict of interest form. This process is repeated annually with new and continuing members.”

“The president and ceo, other officers, and key employees of the foundation are paid by a related party who establishes the compensation.”

“Governing documents, conflict of interest policy and financial statements are available to the public upon request.”

“Women's leadership forum: the women's leadership forum and black women on wall street, a two-day leadership development symposium, focuses primarily on senior-level african-american women executives and leaders in the corporate, public policy, legislative and academic arenas. The black women on wall street panel discusses the interaction between senior african-american women executives and junior and mid-level african-american corporate women. The sessions comprise honest, open panel discussions on key issues facing african-american corporate women, their ascent into leadership positions, and their processes for obtaining and maintaining power. Scholarship funds: ann fudge scholarship fund: the ann fudge scholarship fund honors elc member and corporate trailblazer ann m. Fudge, former chairman and chief executive officer, young & rubicam brands. Al martins' scholarship fund: the al martins' scholarship fund memorializes the intense commitment of founding member, alvaro martins, a corporate pioneer noted for mentoring african-american leaders in higher education and corporate america. Annually, students write essays that discuss the role and benefits of golf and its cross-over into the business arena. Ceo summit: the annual ceo diversity summit brings member companies' ceos and elc members together in a day-long learning environment to discuss corporate best-practices and issues related to workplace diversity. Essay/honors symposium: annually, the essay/honors symposium competition provides 10 scholarships and mentoring opportunities to undergraduate students who write award-winning essays on assigned business topics. Awardees also participate in week-long honors symposiums held in new york city and washington, d.c. With elc's members and senior corporate executives.”