Independent Film & Television Alliance

“All members of the governing body, with the exception of the chairperson, have equal voting rights. The chairperson does not have voting rights unless there is a tie, in which case the chairperson may vote to break the tie. By resolution, the board of directors delegated to the executive committee certain matters relating to admissions of members.”

“Voting members of the organization have the right to vote and elect the board of directors including the chairperson. The voting members may approve certain significant decisions of the board of directors, subject to the california nonprofit mutual benefit corporations code and the directors' powers provided for in article v of the bylaws. Distributions of net earnings or (upon dissolution) remaining assets of ifta are controlled by ifta's articles of incorporation and are consistent with california law.”

“The voting members elect the board of directors. Per the ifta bylaws and for each term of the ifta board of directors, the newly elected board of directors appoint 2 additional directors to serve for that term in order to ensure diversity of representation of the ifta membership.”

“See answer to line 6 above.”

“The form 990 is prepared by the organization's accounting firm. Upon completion, the form 990 is reviewed for accuracy and completeness by senior management. The form 990 is then reviewed and approved by the organization's executive committee. Following this review and approval, the form 990 is provided to the organization's board of directors prior to filing.”

“Each ifta director agrees to abide by, complete and sign a board-approved conflict of interest and disclosure policy as well as acknowledge their responsibilities and duties as an ifta director which inter alia requires disclosure on an ongoing basis of any material fact that may be a conflict of interest with respect to matters before the board and/or the membership, and recusal, if necessary. Additionally, certain committee members must also abide by and sign a conflict of interest and disclosure policy. All directors and other volunteer committee members are defined in the ifta conflict of interest policy as "volunteers and are uncompensated. All employees are subject to a conflict of interest and disclosure policy and such policy is also included as part of the ifta employee manual. Each director and employee has a continuing obligation to disclose conflicts under the conflict of interest and disclosure policy. Each director is provided annually with a conflict of interest policy and disclosure form to indicate whether they have any conflicts that would interfere with their legal or fiduciary duties to ifta. In addition to making all necessary disclosures at the time of signing, each director also agrees to make all further necessary disclosures to ifta. For 2022, ifta was not informed by any director or employee of any conflict of interest, nor is it aware that any director or employee engaged in any business relationship outside the ordinary course of their businesses or conducted business transactions on terms that are not generally offered to the public which would conflict with ifta's interests or such director's or employee's duties to ifta.”

“The first review of the compensation of the organization's president & ceo and executive vice president, if any, is performed by the executive committee. In addition to company and individual performance, the executive committee formally considers the salary levels in comparison with industry standards by reference to (1) the national compensation study of association chief staff executives by american research company, (2) blue chip association executive compensation & benefits study by asae, and (3) survey of compensation of senior executives in other entertainment industry associations as disclosed in form 990s. The executive committee recommends the final terms to the full board for approval. The board considers the same information and approves the final terms at regular meetings of the board. A written employment agreement is in place for both the president & ceo and the executive vice president. Other employees, including other statutory officers and key employees, are not under employment agreement. For these individuals, compensation and performance are set by and subject to formal annual review by the president & ceo and the executive vice president, if any, with advice from the director of human resources. That review includes a written performance evaluation, review of the cost of living index for the los angeles region, review of any change in job scope during the prior year, and review of salaries of comparably placed executives in other entertainment industry associations as disclosed in form 990s. The overall compensation and raise pool for all employees is approved by the board of directors on an annual basis during the budget review.”

“The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public.”

“Effective january 1, 2022, the ifta arbitration service was transitioned to the international centre for dispute resolution / american arbitration association ("icdr/aaa"). Icdr/aaa is the service provider for all ifta arbitrations filed after that date. See part iii, line 4d.”