National Hockey League

Description of Relationships

“Form 990, part vi, line 2 certain directors of the organization may, in the ordinary course of business, sit on the board of directors of other directors' affiliated companies. Description of classes of persons and the nature of their rights form 990, part vi, lines 6, 7a, & 7b the organization has 30 members, who elect the members of the governing body, approve significant decisions and pay a share of the organization's dues or share in the organization's net assets upon dissolution. Describe the process used by mgmt &/or governing body to review 990 form 990, part vi, line 11b the financial team prepares and reviews the amounts reported, certain members of senior management review the form 990 to ensure all questions are answered properly and our tax consultants (ernst & young us llp) review to ensure the form 990 is properly completed. Description of process to monitor transactions for conflict of interest form 990, part vi, line 12c on an annual basis, employees submit a signed document indicating they are in compliance with the policies of the organization. All employees of the nhl and related entities must comply with the compliance plan/policy. Each employee is required to affirmatively confirm each year by signing a representation that they are in full compliance. In addition with requiring each employee to comply with federal, state, provincial, and local laws and regulations, it also addresses policies, among others, that deal with conflicts of interest, confidentiality and insider trading, dealing with member clubs (membership), business partners, accurate and complete records, antitrust laws, as well as matters dealing with conduct (e.g., gambling and other social matters). The policy includes an up to date listing of all the entities, including business partners, that help monitor conflict of interest guidelines. To police the policy, compliance officers are appointed to deal with matters either, uncovered, brought forth by individuals directly or by way of third party complaints, which, in all cases, are investigated and dealt with immediately and, if necessary, reported to human resources for further action. Outside expert counsel are used for advice. In 2014, all employees were required to attend formal training sessions. All employees are expected to adhere to the policy. If a compliance officer concludes, after appropriate investigation, that the policy has been violated-whether by unlawful actions, condoning or failing to report information as to criminal actions by others, retribution against those who report suspected wrongdoing, or otherwise, he/she is authorized to recommend appropriate discipline, including discharge. Compensation determination process form 990, part vi, lines 15a & 15b the governing body reviews and approves compensation and the written employment contract of the commissioner put forward as recommended by the compensation committee in consultation with an independent consultant and after taking into consideration comparable industry data. The commissioner and senior management reviews and approves the compensation of other officers. Avail of gov docs, conflict of interest policy, & fin stmts to gen public form 990, part vi, line 19 the national hockey league's governing documents, financial statements, and conflict of interest policies are not made available to the public. Other changes in net assets or fund balances form 990, part xi, line 9 intercompany transfers - $18,094,358 foreign currency gain - ($812,123) total: $17,282,235”