Friends of Tlm

“Form 990 provided electronically for review before filing.”

“1.Duty to Disclose In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. 2.Determining Whether a Conflict of Interest Exists After disclosure of the financial interest of all material facts, and after any discussion with the interested person, he/she should leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members will decide if a conflict of interest exists. 3.Procedures for Addressing the Conflict of Interest a.An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she should leave the meeting during the discussion of, and the vote on, the transaction or arrangement of involving the possible conflict of interest b.The chairperson of the governing board or committee may, if he or she deems it appropriate, appoint a disinterred person or committee to investigate alternatives to the proposed transaction or arrangement. c.The governing board or committee may determine whether the Organization should obtain a more advantageous transaction or arrangement form a person or entity that would not give rise to a conflict of interest. d.If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee may determine by a majority vote of the disinterred directors whether the transaction or arrangement is in the Organization?s best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it may make its decision as to whether to enter into the transaction or arrangement. 4.Violations of the Conflicts of Interest Policy a.If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it may inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. b.If, after hearing the member?s response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it may take appropriate disciplinary and corrective action.”

“No documents available to the public.”