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        <FormAndLineReferenceDesc>Form 990 governing body review Part VI line 11</FormAndLineReferenceDesc>
        <ExplanationTxt>Procedures for Addressing a Conflict of Interest1. When a matter involving a conflict of interest comes before the board, the board may seekinformation from the director or officer with the conflict before beginning deliberation andreaching a decision on the matter. However, a conflicted person shall not be present during thediscussion or vote on the matter and must not attempt to influence improperly the deliberation orvote.2. Additional Procedures for Addressing Related Party Transactionsa. The Corporation may not enter into a related party transaction unless, after good faithdisclosure of the material facts by the director or officer in question, and the board or a committeeauthorized by the board determines that the transaction is fair, reasonable, and in theCorpora</ExplanationTxt>
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        <FormAndLineReferenceDesc>Conflict of interest policy compliance Part VI line 12c</FormAndLineReferenceDesc>
        <ExplanationTxt>Conflict of Interest Policy of Puertas Abiertas, INCAdopted by the Board of Directors on July 4, 2021I. Overview1. PurposeThe purpose of this Conflict of Interest Policy (the Policy) is to protect the Corporations interestswhen it is considering taking an action or entering into a transaction that might benefit the privateinterests of a director or officer, or otherwise violate state and federal laws governing conflicts ofinterest applicable to nonprofit, charitable organizations.II. Identifying Conflicts of Interest1. What is a conflict of interest?A potential conflict of interest arises when a director, officer or that persons relative or business (a)stands to gain a financial benefit from an action the Corporation takes or a transaction into whichthe Corporat</ExplanationTxt>
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        <FormAndLineReferenceDesc>Governing documents etc available to public Part VI line 19</FormAndLineReferenceDesc>
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