University Corporation for Atmospheric

“Pursuant to the bylaws, university corporation for atmospheric research, a related tax-exempt entity, has the power to elect members of the organization's governing body.”

“The ucar exchange has no committees.”

“The exchange's directors were provided a copy of the final form 990 (including all schedules) and were briefed on specific areas of interest prior to filing with the irs on or before august 15, 2020.”

“The director and officer conflict of interest forms are reviewed annually by the exchange's general counsel. Any conflict of interest is disclosed to the chair or to the vice chair (if the chair is unavailable or the conflict involves the chair) of the board of directors. Upon disclosure of a conflict of interest that affects board action or the exchange's transactions or activities, all information concerning the conflict is also disclosed to each member of the board. The director or officer experiencing the conflict is excluded from any discussions or deliberations of the board concerning authorization, approval, or ratification of the contract, transaction or activity. If the board discovers it has acted upon a proposal in ignorance of an undisclosed conflict of interest, then the board will promptly reexamine the issue, with an appropriate record of such scrutiny. For directors, where a conflict of interest cannot be avoided and is material, the director may need to resign.”

“All compensation is determined and paid by a related tax-exempt entity, university corporation for atmospheric research.”

“The governing documents, conflict of interest policy and financial statements are made available upon request.”

“Ucar exchange does not have employees, but shares the cost of personnel, services, facilities and expenses with it's parent, university corporation for atmospheric research.”

“K-1 income not recorded in audited financial statements -5,398.”