Agribusiness Systems International

“The following updates were made to the governing documents: 1. The board will consist of not less than 5 (down from 9) nor more than 9 (down from 14) directors. 2. The board will have the power, in its sole discretion, to determine and fix the reasonable compensation of directors for their services as directors.”

“Tanager has no board committees other than the executive committee, which is empowered by the bylaws to 'exercise all powers of the board of directors in the interim between board meetings and in accordance with the policies and directions adopted by the board.' in all cases when the executive committee acts under that empowerment, minutes are taken of the committee's actions.”

“The form 990 is prepared by the tanager accounting team via an external accounting firm's portal, an external accountant reviews and provides a draft form 990, which is reviewed by the tanager president and treasurer, and provided to the tanager board of directors before submission.”

“Tanager requires all new hires to sign a corporate conduct, anti-corruption, anti-exploitation policy certificate. All board members sign a conflict of interest certificate upon joining.”

“Tanager relies on a related organization, acdi/voca, to determine compensation. Acdi/voca's process is as follows. Annually in january, the compensation committee reviews all officer & key employee compensation. The compensation committee comprises the ceo, the president & coo, the svp of human resources and the president, tanager. For purposes of officer compensation, the president, tanager is excused from discussion when necessary. The svp of hr provides market information, each officer or key employee provides a review of current objectives, accomplishments for the year, and priorities for the next year. A review of the salary grouping and salary increase structure is provided. The ceo makes the final determination. A copy of the review and salary adjustment, if any, is placed in each officer or key employee's employment folder. Any increases are effective as of january 1 of any given year.”

“Financial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).”

“Currency translation gain 86,390.”

“The process for overseeing the audit of the financial statements and selection of an independent accountant that audited the financial statements has been consistent with prior years.”