California Agricultural Leadership Foundation

“The form 990 is presented and explained by the firm preparing the tax return at the board of director's meeting prior to the filing date.”

“Upon election, hiring, or appointment, and annually thereafter, insiders should complete an annual disclosure questionnaire in the form provided by california agricultural leadership foundation (calf). On this questionnaire, the insider should disclose affiliations that constitute or could result in a conflict of interest, and confirm his or her commitment to compliance with this policy. The insider should update this disclosure as appropriate. Insiders have a continuing responsibility to review their business, personal, and philanthropic interests, and their family and other close relationships, for actual, apparent, or potential conflicts of interest with respect to calf.the board will perform an annual review of this policy and amend the policy as appropriate, as contemplated by section 5.10 of the bylaws. In addition, the board will perform an annual review of the annual disclosure questionnaire received under this policy and consider appropriate actions to promote compliance with the policy.”

“The board will review the compensation of top management, officers, and key employees, (covered individuals) including direct and indirect remuneration, benefits, and gifts or favors that are not insubstantial, as outlined below. 1. Timing. The board will review compensation when a covered individual's term of employment is extended or renewed, or when a covered individual's compensation is modified, unless the modification extends to all calf's employees. 2. Impartial decision makers. The compensation arrangement must be approved, by the board or a committee of the board so delegated in accordance with this policy, before calf makes any payments. 3. Comparability data. The board will consider comparability data that demonstrate the fair market value of the compensation in question. 4. Concurrent documentation. The board will document how it reached its decisions, including the data on which it relied. Documentation such as meeting minutes should note:* the terms of the compensation and the date it was approved;* the members of the board who were present during the meeting and those members who voted;* the comparability data obtained and relied upon and how the data were obtained; and* any actions taken with respect to consideration of the compensation by anyone who is otherwise a member of the board but who had a conflict of interest with respect to the decision. 5. Standards. The board will approve the compensation of covered individuals only if the compensation is just and reasonable.”

“See compensation review and approval process above.”

“Disclosure of governing documents, policies and financial statements are available upon request. A copy of the form 990 is available to the public on the organization's website.”