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        <ExplanationTxt>OFFICERS AND DIRECTORS ARE ANNUALLY REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST VIA WRITTEN CONFIRMATION. THIS PROCESS IS REVIEWED BY MANAGEMENT ON AN ONGOING BASIS TO INSURE COMPLIANCE.</ExplanationTxt>
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        <ExplanationTxt>THE PRESIDENT'S COMPENSATION IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS CONSIDERING COMPARABILITY DATA AND DOCUMENTED IN THE BOARD OF DIRECTORS MINUTES IN CONJUNCTION WITH THE APPROVAL OF THE ASSOCIATION'S ANNUAL BUDGET.</ExplanationTxt>
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