Clemson Athletic Properties Company

“Under the terms of the bylaws, one director shall be the athletic director of clemson university and one director shall be elected by iptay.”

“The organization does not have any committees with authority to act on behalf of the governing body.”

“A draft of the return is provided to the board and officers for review and acceptance prior to filing.”

“Board members and key employees are required to acknowledge receipt of the conflict of interest policy annually. Any director or officer shall declare himself/herself as "abstaining" from voting on any matter in which said director or officer may be considered to have a conflict of interest.”

“The board or any committee authorized by the board determines what is reasonable compensation for officers, members of the board, and other individuals as determined by the board ("covered individuals") with the following: (i) the governance policies and practices of the corporation; (ii) the conflict of interest policy of the corporation; and (iii) provisions which give rise to the "rebuttable presumption of reasonableness". The board or appropriate authorized committee will consider data and information as to the comparability of the compensation package prior to making its determination, (e.g., data and information about compensation paid by similarly situated taxable or tax-exempt organizations for similar services, current compensation surveys compiled by independent firms, or actual written offers from similarly situated organizations competing for the services of the person whose compensation is being determined by the board or the appropriate authorized committee). For purposes of obtaining information and advice with regard to the determination of reasonable compensation or in conducting periodic reviews, the board or the appropriate authorized committee may use outside advisors and/or experts. The board will conduct periodic reviews of its compensation policy and its actual implementation.”

“The corporation, after receiving a written or in-person request at the corporation's principal office, shall make certain annual returns and applications for exemption available for public inspection. The corporation will provide copies of such public disclosure documents to individuals that request them.”