Financial Disclosures COMMITTEES AND COMMITTEE MEETINGS

The CVRF Bylaws create a CVRF Executive Committee consisting of seven members: the CVRF Board President, Board Vice President, Board Secretary, Board Treasurer, and three at-large CVRF Board members. The CVRF Executive Committee may exercise all authority of the full CVRF Board in managing CVRF, except for the election of CVRF officers and Executive Committee members.

The CVRF Bylaws also authorize the Board President, with affirmation from a majority of the CVRF Board, to appoint other CVRF committees with such functions, powers, and duties as determined by the President and CVRF Board. Using this authority, CVRF has established several committees comprised of members of the Board of Directors:

• A Policy/Compensation Committee to make recommendations to the Board on CVRF policies.

• A Finance Committee to advise the Board on budgeting and financial matters.

• A Regulatory and Legislative Committee to provide the Board with information about issues of interest to CVRF.

• A Programs committee to advise on new program initiatives and to review community requests for funding.

• A Fisheries Committee to review and advise on fishing issues directly impacting our communities including fisheries investments, by-catch, and subsistence related matters.

• An Election Committee to advise the company on policies and procedures related to community Board member elections.

• A Disciplinary Committee to make recommendations to the Board on a myriad of topics related to Board member dynamics.

For CVRF’s subsidiaries (CAPS, CVP, CVC, CVL, CVE, and CVS), CVRF has established subsidiary boards.

CVRF committees and subsidiary Boards are comprised of members of the Board of Directors and met either in person or via electronic conferencing as appropriate throughout 2022.

• The full board met four times during 2022: March 15, May 3, October 23, and December 6.

• The CVRF Executive Committee met seven times: January 13, January 31, July 7, August 4, November 22, December 8, and December 22.

• The six subsidiary Boards (CAPS, CVP, CVC, CVL, CVE, and CVS) met in December 2022 for their annual meetings.

• The Policy and Compensation Committee did not meet during 2022.

• The Disciplinary Committee did not meet during 2022.

• The Finance Committee did not meet during 2022.

• The Election Committee met once on November 29.

• The Fisheries Committee met once on April 20.

• The Programs Committee met two times, on March 9 and April 20 during 2022.

• There were numerous informal meetings and teleconferences with the Board President/Vice President and the Administration.

Auditor And Auditor Relationship

CVRF has not had any disagreements with its auditors (KPMG) in any year, including 2022. CVRF received nonaudit services from its auditors in 2022 and paid KPMG $175,850 for audit, tax, and other consulting services.

Compensation To Key Cvrf Personnel And Related Party Transactions

The federal CDQ statute requires each CDQ group to disclose the “compensation levels of the top 5 highest paid personnel” (16 U.S.C. § 1855(i)(1)(F)(ii)). Until 2012, there was also a CDQ Panel rule requiring the disclosure of the “total amount…received by each such individual.” CVRF has always reported the total amount paid to the company’s top five personnel, whether they are office staff or crew members. Starting with the 2012 annual report, CVRF expanded its report to include the company’s top 10 personnel.

The CVRF Board of Directors works closely with Company leadership and is pleased with the results that the personnel in the company have helped deliver to our communities. CVRF maintains its commitment to hiring and retaining the best personnel available to benefit our stakeholders and residents.

The Board follows IRS Rebuttable Presumption of Reasonableness guidelines in calculating the salaries for its top executives, a process completed by an independent contractor, which includes comparisons with salary levels at other similar companies.