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conducted. The periodic reviews shall, at a minimum, include the following subjects: <br />a. Whether compensation arrangements and benefits are reasonable, based <br />on competent survey information, and the result of arm's-length bargaining. <br />b. Whether partnerships, joint ventures, and arrangements with management <br />organizations conform to the corporation's written policies, are properly <br />recorded, reflect reasonable investment or payments for goods and <br />services, further charitable purposes, and do not result in inurement, <br />impermissible private benefit, or in an excess benefit transaction. <br />SECTION 8. USE OF OUTSIDE EXPERTS <br />When conducting the periodic reviews as provided for in Section 6, the corporation may, but <br />need not, use outside advisors. If outside experts are used, their use shall not relieve the <br />governing Board of its responsibility for ensuring periodic reviews are conducted. <br />CERTIFICATE OF SECRETARY <br />I, the undersigned, certify that I am the currently elected and acting Secretary of San Leandro <br />Improvement Association, a California nonprofit corporation, and the above Bylaws, consisting of <br />24 pages, are the Bylaws of the Corporation as adopted at a meeting of the Board held in October <br />10t", 2013. <br />Dated: October 10t", 2013 <br />Executed at San Leandro, California <br />Robert Jones, <br />Secretary <br />San Leandro Improvement Association Bylaws 25 October 2013 <br />