2022-11-14T16:50:10-06:00 2021-12-31 420714325 RSM US LLP 1250 H STREET SUITE 700 WASHINGTON DC 20005 990 2021-01-01 131390920 THE PERSONAL CARE PRODUCTS COUNCIL INC PERS 2023311770 1620 L ST NW STE 1200 WASHINGTON DC 20036 LEZLEE WESTINE PRESIDENT 2023311770 2022-11-01 1 LEZLEE WESTINE XXX-XX-XXXX MEREDITH BELL P01696827 2022932200 2022-11-01 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z LEZLEE WESTINE 1620 L ST NW STE 1200 WASHINGTON DC 20036 19071135 0 X WWW.PERSONALCARECOUNCIL.ORG X 1971 DC REPRESENT THE COMMON BUSINESS INTERESTS OF THE PERSONAL CARE PRODUCTS INDUSTRY. 37 37 69 43 8165 0 44535 0 15593957 15409300 1224701 1350514 2456858 2311321 19320051 19071135 37000 137960 0 0 11826886 11833994 0 0 0 8231609 7187951 20095495 19159905 -775444 -88770 23716488 26566920 7336647 8362231 16379841 18204689 X TO SECURE AND PROVIDE THROUGH PCPC THE COOPERATION AND UNITED EFFORTS OF THE PERSONAL CARE PRODUCTS INDUSTRY IN ANY MATTERS RELATING TO THE WELFARE OF THE INDUSTRY, INCLUDING REPRESENTING THE INDUSTRY BEFORE FEDERAL, STATE AND LOCAL GOVERNMENTS TO MAINTAIN THE APPROPRIATE REGULATORY STATUS FOR PERSONAL CARE PRODUCTS; REPRESENTING THE INDUSTRY IN OTHER MATTERS RELATING TO ITS GENERAL WELFARE; AND SUPPORTING PRODUCT, EMPLOYEE AND ENVIRONMENTAL SAFETY THROUGH SCIENTIFIC RESEARCH. 0 0 SOUND SCIENCE/COSMETICS INGREDIENT REVIEW: PCPC PROMOTES THE INDUSTRY'S COMMITMENT TO SAFETY AND SELF-REGULATION TO ENSURE THE PROTECTION OF HUMAN HEALTH AND THE ENVIRONMENT THROUGH THE USE OF SAFE INGREDIENTS IN PERSONAL CARE PRODUCTS. PCPC'S CONSUMER COMMITMENT CODE FORMALIZES EXISTING PRODUCT SAFETY PRACTICES AND DEMONSTRATES THE INDUSTRY'S COMMITMENT TO SAFETY. THE CIR REVIEWS AVAILABLE INFORMATION ON INGREDIENTS TO DETERMINE THE SAFETY OF THOSE INGREDIENTS AS USED IN PERSONAL CARE PRODUCTS AND PUBLISHES THE CONCLUSIONS OF ITS INDEPENDENT REVIEWS. POLICY OUTREACH/LEGAL AND REGULATORY/GLOBAL ACCESS: PCPC WORKS TO ENSURE THAT ALL FEDERAL AND STATE LEGISLATION AND REGULATIONS HAVE AN APPROPRIATE FOCUS ON CONSUMER PROTECTION AND PRODUCT AVAILABILITY. PCPC SUPPORTS MEMBER COMPANIES' ACCESS TO GLOBAL MARKETS THROUGH INTERNATIONAL ADVOCACY, REGULATORY HARMONIZATION, AND MEMBER ADVISORY SERVICES. PUBLIC AFFAIRS AND COMMUNICATIONS/MEETINGS AND PUBLICATIONS: PCPC PROMOTES THE VALUE OF, NEED FOR, AND SAFETY OF THE INDUSTRY'S PRODUCTS AND OFFERS A VARIETY OF PRODUCTS AND SERVICES TO MEET THE CONTINUING INFORMATIONAL NEEDS OF ITS MEMBERS AND CONSUMERS. 0 0 0 1 0 0 0 0 1 1 0 0 1 1 0 0 1 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 59 0 1 69 1 1 1 0 0 0 0 0 1 0 X 37 37 0 0 1 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X MEGAN SMITH 2023311770 1620 L ST NW STE 1200 WASHINGTON DC 20036 KEECH COMBE SHETTY CHAIR 0.50 0.50 X X 0 0 0 ESI EGGLESTON BRACEY VICE-CHAIR 0.10 0.10 X X 0 0 0 DAVID GREENBERG VICE-CHAIR 0.10 0.10 X X 0 0 0 ALEX KEITH VICE-CHAIR 0.10 0.10 X X 0 0 0 DAVID HOLL TREASURER 0.10 0.10 X X 0 0 0 ANDREW STANLEICK SECRETARY 0.10 0.10 X X 0 0 0 ANOUCHAH SANEI DIRECTOR 0.10 0.00 X 0 0 0 SCOTT BEATTIE DIRECTOR 0.10 0.10 X 0 0 0 MATTHEW BELL DIRECTOR 0.10 0.00 X 0 0 0 DAVID DIBERNARDINO DIRECTOR 0.10 0.00 X 0 0 0 MARIA CHICLANA DIRECTOR 0.10 0.00 X 0 0 0 CHARLES-FRANCOIS GAUDEFROY DIRECTOR 0.10 0.00 X 0 0 0 CHRIS GOOD DIRECTOR 0.10 0.10 X 0 0 0 MARIA KERTESZ DIRECTOR 0.10 0.10 X 0 0 0 JACK NETHERCUTT DIRECTOR 0.10 0.10 X 0 0 0 CHRIS SAYNER DIRECTOR 0.10 0.00 X 0 0 0 GEORGE SCHAEFFER DIRECTOR 0.10 0.00 X 0 0 0 HERVE TOUTAIN DIRECTOR 0.10 0.00 X 0 0 0 JERRY VITTORIA DIRECTOR 0.10 0.00 X 0 0 0 KAREN FRANK DIRECTOR 0.10 0.00 X 0 0 0 GREG ADAMSON DIRECTOR 0.10 0.10 X 0 0 0 CHRISTOPHER CHOI DIRECTOR 0.10 0.00 X 0 0 0 ROB EDMONDS DIRECTOR 0.10 0.00 X 0 0 0 LIONEL UZAN DIRECTOR 0.10 0.00 X 0 0 0 DAN MAHONEY DIRECTOR 0.10 0.00 X 0 0 0 MAURICIO VALDES DIRECTOR 0.10 0.00 X 0 0 0 ESPE TROYANO DIRECTOR 0.10 0.00 X 0 0 0 SERGIO LEITE DIRECTOR 0.10 0.00 X 0 0 0 BARBARA MENARGUEZ DIRECTOR 0.10 0.10 X 0 0 0 RICK TOLIN DIRECTOR 0.10 0.00 X 0 0 0 KELLY MOLINARI DIRECTOR 0.10 0.00 X 0 0 0 HELENE PAMON DIRECTOR 0.10 0.10 X 0 0 0 TINA PARKER DIRECTOR 0.10 0.00 X 0 0 0 CHRIS PAYNE DIRECTOR 0.10 0.00 X 0 0 0 STACEY RAMSTEDT DIRECTOR 0.10 0.00 X 0 0 0 JORIS THEEWIS DIRECTOR 0.10 0.00 X 0 0 0 TONY SANTINI DIRECTOR 0.10 0.00 X 0 0 0 MARTINA SPINATSCH DIRECTOR 0.10 0.00 X 0 0 0 JULIEN BOUZITAT DIRECTOR 0.10 0.00 X 0 0 0 KATIE WILLIAMS DIRECTOR 0.10 0.00 X 0 0 0 SUMITA BUTANI DIRECTOR 0.10 0.00 X 0 0 0 BRIAN HEINDL DIRECTOR 0.10 0.00 X 0 0 0 ANNA KLEIN DIRECTOR 0.10 0.00 X 0 0 0 LEZLEE WESTINE PRESIDENT AND CEO 40.00 0.00 X 1372350 0 41852 MEGAN SMITH CHIEF FINANCIAL OFFICER 40.00 0.00 X 352642 0 47170 MARK POLLAK SR VP STRATEGIC INITIATIVE 40.00 0.00 X 509302 0 53170 FRANCINE LAMORIELLO EVP GLOBAL STRATEGIES 40.00 0.00 X 533234 0 41852 ALEX KOWCZ EVP SCIENCE AND CSO 40.00 0.00 X 443553 0 50295 LISA POWERS EVP PUBLIC AFFAIRS/COMM 40.00 0.00 X 426521 0 41852 THOMAS MYERS EVP LEGAL/GEN COUNSEL 40.00 0.00 X 400634 0 50420 KARIN ROSS EVP GOVERNMENT AFFAIRS 40.00 0.00 X 247101 0 34320 BART HELDRETH EXECUTIVE DIRECTOR CIR 40.00 0.00 X 232567 0 46488 MICHAEL THOMPSON SVP GOVERNMENT AFFAIRS 40.00 0.00 X 290472 0 49573 JAY ANSELL VP COSMETIC PROGRAMS 40.00 0.00 X 250425 0 45057 MEREDITH SIMPSON VP GOVERNMENT AFFAIRS 40.00 0.00 X 208680 0 29941 LINDA LORETZ SR. DIRECTOR TOXICOLOGY 40.00 0.00 X 203266 0 41637 PATRICK CHERESTAL DIRECTOR, IT 40.00 0.00 X 200930 0 30591 5671677 0 604218 34 0 1 0 COVINGTON & BURLING 1 CITY CENTER 850 TENTH ST NW WASHINGTON DC 20001 LEGAL SERVICES/CONSULTING 555467 RSM US LLP 331 WEST 3RD STREET SUITE 200 DAVENPORT IA 52801 INFORMATION TECHNOLOGY CONSULTING 363188 CLARIDAD COMMUNICATIONS LLC 23 LAS PALMAS WAY SANTA ROSA BEACH FL 32459 PUBLIC AFFAIRS CONSULTING 316141 ALBRIGHT STONEBRIDGE GROUP 601 13TH ST NW 10TH FL WASHINGTON DC 20005 GLOBAL AFFAIRS CONSULTING 252706 MARSHALL & POPP LLC 611 2ND ST NE SUITE 1 WASHINGTON DC 20002 GOVERNMENT AFFAIRS CONSULTING 216000 14 MEMBERSHIP DUES 900099 12961983 12961983 PUBLICATIONS 541800 2090372 2082207 8165 MEETINGS & CONFERENCES 900099 356945 356945 15409300 1350514 1350514 120349 120349 FREE SALE CERTIFICATES 900099 1122955 1122955 INTERESTED PARTY 900099 605259 605259 APPLICATION FEES 900099 462401 462401 357 357 2190972 19071135 17592107 8165 1470863 122960 15000 4834064 5263815 722402 396077 617636 233199 62585 1863435 126674 1571436 123756 604256 767975 61374 260185 240929 164652 SCIENTIFIC INGREDIENT R 552173 FREE SALE CERTIFICATES 218923 DUES/SUBSCRIPTIONS 209790 126609 19159905 400 400 567905 550872 159711 60806 499133 473310 4014498 3159290 595389 855208 21094542 22774163 799408 1852161 23716488 26566920 3515744 4255530 3567417 4002026 253486 104675 7336647 8362231 X 16379841 18204689 16379841 18204689 23716488 26566920 X -88770 886357 1027261 X X 0 1 X 1 0 0 0 1 12961983 3566630 -1120600 2446030 4277454 -1831424 10396511 815690 886358 904461 11194098 10726751 789978 445203 1565422 10396510 10885214 293658 1685973 2138094 10726751 13447779 1022167 -2032470 1552262 10885214 11556007 1723284 1178797 1010309 13447779 1.00000 0.00000 0.00000 0 0 1408914 1073459 335455 2556140 2046199 509941 49444 39632 9812 855208 DUE FROM AFFILIATE 114983 MISCELLANEOUS 82015 PENSION ASSET 1655163 1852161 MISCELLANEOUS 14059 ACCRUED TAXES 76609 OTHER 14007 104675 20858079 886357 1027261 1913618 18944461 126674 126674 19071135 19033231 0 19033231 126674 126674 19159905 PART V, LINE 4: PCPC'S BOARD OF DIRECTORS HAS AUTHORIZED THE USE OF A PORTION OF THE NET ASSETS WITH DONOR RESTRICTIONS FOR ANY FISCAL YEAR'S EXPENSES THAT CANNOT BE COVERED BY THAT YEAR'S REVENUE. THESE BOARD-DESIGNATED NET ASSETS ALSO ARE USED TO OFFSET ANY UNREALIZED LOSSES IN INVESTMENTS IN ANY GIVEN FISCAL YEAR. ACCORDINGLY, AT YEAR-END ANY FISCAL YEAR OPERATING SURPLUS OR DEFICIT AND ANY UNREALIZED GAINS OR LOSSES ON INVESTMENTS ARE ADDED OR SUBTRACTED FROM THESE NET ASSETS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN MINIMUM PENSION LIABILITY 1,027,261. 0 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONSULTING 135000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES CONSULTING/TRANSLATION 54527 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 15000 NORTH AMERICA 0 0 PROGRAM SERVICES CONSULTING 34219 0 0 0 0 0 0 238746 0 238746 SUB-SAHARAN AFRICA PROGRAM SUPPORT 15000 WIRE 0 0 1 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 0 CENTER FOR ORGANIZATIONAL RESEARCH AND EDUCATION 1090 VERMONT AVE NW SUITE 800 WASHINGTON DC 20005 260006579 501(C)(3) 7500 0 PROGRAM SUPPORT MADAM CJ WALKER INSTITUTE FOR WOMEN OF COLOR ENTREPRENEURS 600 THIRD AVE 42ND FL NEW YORK NY 10016 830896909 501(C)(3) 10000 0 PROGRAM SUPPORT 2 0 X X 1 1 X X X 0 0 0 LEZLEE WESTINE PRESIDENT AND CEO 905822 0 350000 0 116528 0 33300 0 14594 0 1420244 0 0 0 FRANCINE LAMORIELLO EVP GLOBAL STRATEGIES 438107 0 42560 0 52567 0 33300 0 11159 0 577693 0 0 0 MARK POLLAK SR VP STRATEGIC INITIATIVE 386207 0 38821 0 84274 0 33300 0 25434 0 568036 0 0 0 ALEX KOWCZ EVP SCIENCE AND CSO 388921 0 38728 0 15904 0 33300 0 19602 0 496455 0 0 0 LISA POWERS EVP PUBLIC AFFAIRS/COMM 360201 0 35000 0 31320 0 33300 0 11159 0 470980 0 0 0 THOMAS MYERS EVP LEGAL/GEN COUNSEL 349389 0 35000 0 16245 0 33300 0 19727 0 453661 0 0 0 MEGAN SMITH CHIEF FINANCIAL OFFICER 338386 0 5833 0 8423 0 30050 0 19727 0 402419 0 0 0 MICHAEL THOMPSON SVP GOVERNMENT AFFAIRS 277731 0 8358 0 4383 0 33078 0 18844 0 342394 0 0 0 JAY ANSELL VP COSMETIC PROGRAMS 237274 0 7140 0 6011 0 29012 0 18180 0 297617 0 0 0 KARIN ROSS EVP GOVERNMENT AFFAIRS 234120 0 11630 0 1351 0 20075 0 16792 0 283968 0 0 0 BART HELDRETH EXECUTIVE DIRECTOR CIR 222116 0 9382 0 1069 0 26618 0 22444 0 281629 0 0 0 LINDA LORETZ SR. DIRECTOR TOXICOLOGY 189536 0 10831 0 2899 0 23517 0 20487 0 247270 0 0 0 MEREDITH SIMPSON VP GOVERNMENT AFFAIRS 183118 0 11630 0 13932 0 22695 0 9365 0 240740 0 0 0 PATRICK CHERESTAL DIRECTOR, IT 188030 0 10503 0 2397 0 22039 0 10844 0 233813 0 0 0 PART I, LINE 1A RAIL TRAVEL-ON AMTRAK'S ACELA EXPRESS, THERE IS NO COACH CLASS. THE LOWEST CLASS OF SERVICE ON THAT TRAIN IS BUSINESS CLASS. EMPLOYEES BELOW THE LEVEL OF EXECUTIVE VICE PRESIDENT ARE PERMITTED TO TRAVEL IN BUSINESS CLASS ON THE ACELA EXPRESS. THE PRESIDENT AND EXECUTIVE VICE PRESIDENTS ARE PERMITTED TO TRAVEL IN THE NEXT CLASS (FIRST CLASS) IN THE FOLLOWING SITUATIONS: (1) WHERE THERE ARE NO BUSINESS CLASS TICKETS STILL AVAILABLE ON A TRAIN THAT WILL GET THEM TO/FROM THEIR DESTINATION IN A TIMELY MANNER, (2) WHERE THEY MUST TRAVEL FOR A BUSINESS PURPOSE OVER A MEAL TIME SINCE FIRST CLASS ON THE ACELA EXPRESS INCLUDES A MEAL. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS- THE COUNCIL DISTRIBUTES SMALL DENOMINATION HOLIDAY GIFT CARDS TO STAFF AT ALL LEVELS AND REPORTS THOSE GIFT CARDS ON THE STAFF PERSON'S W-2. OCCASIONALLY, OTHER SMALL GIFTS ARE RECORDED ON THE STAFF PERSON'S W-2. FORM 990, PART VI, SECTION A, LINE 1A SOME OF THE MEMBERS OF THE BOARD OF DIRECTORS ARE THE HEADS OF COMMITTEES, AND DO NOT HAVE VOTING RIGHTS FOR MATTERS COMING BEFORE THE BOARD. FORM 990, PART VI, SECTION A, LINE 4 THE UPDATES AND REVISIONS TO THE PCPC BYLAWS IN 2021 INCLUDE REMOVING FROM THE ASSOCIATION'S STATEMENT OF PURPOSE "DEVELOPMENT OF VOLUNTARY SCIENTIFIC STANDARDS AND TEST METHODOLOGIES," CHANGES IN TERMINOLOGY FOR CERTAIN MEMBERSHIP CLASSES, BUILDING IN FLEXIBILITY IN THE NUMBER OF BOARD MEMBERS, AND ADOPTING ROBERT'S RULES OF ORDER. FORM 990, PART VI, SECTION A, LINE 6 PCPC IS ORGANIZED AS A NOT-FOR-PROFIT ASSOCIATION. ITS MEMBERS HAVE THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. FORM 990, PART VI, SECTION A, LINE 7A THE ASSOCIATION'S MEMBERS ELECT THE OFFICERS OF THE ASSOCIATION. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE AND AUDIT COMMITTEE (THE "COMMITTEE") OF THE BOARD OF DIRECTORS ASSISTS THE BOARD IN FULFILLING ITS OVERSIGHT RESPONSIBILITIES RELATING TO PCPC'S FINANCIAL AND OTHER GOVERNING AND OPERATING POLICIES. THE FINANCE AND AUDIT COMMITTEE IS COMPRISED OF THE CHAIRMAN OF THE BOARD, THE TREASURER, AND OTHER MEMBERS OF THE EXECUTIVE COMMITTEE APPOINTED BY THE BOARD. TO ADDRESS THE ISSUE OF THE PRACTICALITY OF A FULL BOARD REVIEW OF THE 990S, THIS COMMITTEE WILL RECEIVE DRAFT COPIES OF THE 990S, REVIEW THEM, AND APPROVE THEM FOR ISSUANCE. THIS REVIEW WILL TAKE PLACE IN A TIME FRAME THAT WILL ALLOW THE 990S TO BE FILED BY THE APPLICABLE FILING DATE. THE COMMITTEE'S REVIEW WILL BE CONDUCTED WITH THE THIRD PARTY TAX PREPARERS AND MANAGEMENT OF PCPC AND THE FOUNDATION. A REPORT WILL BE MADE TO THE BOARD AT ITS NEXT MEETING THAT THE REVIEW AND APPROVAL OF THE 990S TOOK PLACE, AND THAT THEY HAVE BEEN FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL DIRECTORS, OFFICERS, AND SENIOR STAFF EMPLOYEES WILL RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY TOGETHER WITH A CONFLICT OF INTEREST STATEMENT OF DISCLOSURE, WHICH SHALL BE COMPLETED AT LEAST ANNUALLY. EACH NEW DIRECTOR, OFFICER, AND SENIOR STAFF EMPLOYEE SHALL PARTICIPATE IN A SIMILAR PROCEDURE IMMEDIATELY UPON ASSUMPTION OF HIS OR HER RESPONSIBILITIES. DIRECTORS: ANY MEMBER OF THE BOARD OF DIRECTORS WHO MAY BE INVOLVED IN A PCPC BUSINESS TRANSACTION IN WHICH THERE IS A POSSIBLE CONFLICT OF INTEREST SHALL PROMPTLY NOTIFY THE PRESIDENT OR THE GENERAL COUNSEL. THE BOARD MEMBER SHALL REFRAIN FROM VOTING ON ANY SUCH TRANSACTION, PARTICIPATING IN DELIBERATIONS CONCERNING IT, OR USING PERSONAL INFLUENCE IN ANY WAY IN THE MATTER. THE BOARD MEMBER'S PRESENCE MAY NOT BE COUNTED IN DETERMINING THE QUORUM FOR ANY VOTE WITH RESPECT TO A PCPC BUSINESS TRANSACTION IN WHICH HE OR SHE HAS A POSSIBLE CONFLICT OF INTEREST. THE BOARD MEMBER, OR THE CHAIRMAN IN THE DIRECTOR'S ABSENCE, SHALL DISCLOSE A POSSIBLE CONFLICT OF INTEREST TO THE OTHER MEMBERS OF THE BOARD BEFORE ANY VOTE ON A PCPC BUSINESS TRANSACTION AND SUCH DISCLOSURE SHALL BE RECORDED IN THE BOARD MINUTES OF THE MEETING AT WHICH IT IS MADE. ANY PCPC BUSINESS TRANSACTION WHICH INVOLVES A POSSIBLE CONFLICT OF INTEREST WITH A MEMBER OF THE BOARD OF DIRECTORS SHALL HAVE TERMS THAT ARE AT LEAST AS FAIR AND REASONABLE TO PCPC AS THOSE THAT WOULD OTHERWISE BE AVAILABLE TO PCPC IF IT WERE DEALING WITH AN UNRELATED PARTY. STAFF: ANY SENIOR STAFF MEMBER WHO MAY BE INVOLVED IN A PCPC BUSINESS TRANSACTION IN WHICH THERE IS A POSSIBLE CONFLICT OF INTEREST SHALL PROMPTLY REPORT THE POSSIBLE CONFLICT TO THE PRESIDENT OR GENERAL COUNSEL. IF THE POSSIBLE CONFLICT INVOLVES THE PRESIDENT, THE POSSIBLE CONFLICT SHALL BE REPORTED TO THE CHAIRMAN OF THE BOARD BY THE PRESIDENT. THE PRESIDENT, OR WHERE APPLICABLE THE CHAIRMAN, AFTER RECEIVING INFORMATION ABOUT A POSSIBLE CONFLICT OF INTEREST, SHALL TAKE SUCH ACTION AS IS NECESSARY TO ASSURE THAT THE TRANSACTION IS COMPLETED IN THE BEST INTEREST OF THE ASSOCIATION WITHOUT THE SUBSTANTIVE INVOLVEMENT OF THE PERSON WHO HAS THE POSSIBLE CONFLICT OF INTEREST. THIS DOES NOT MEAN THAT THE PURCHASE OR OTHER TRANSACTION MUST NECESSARILY BE DIVERTED, BUT SIMPLY THAT PERSONS OTHER THAN THE ONE WITH THE POSSIBLE CONFLICT SHALL MAKE THE JUDGMENTS INVOLVED AND SHALL CONTROL THE TRANSACTION. A WRITTEN RECORD OF ANY REPORT OF POSSIBLE CONFLICT AND OF ANY ADJUSTMENTS MADE TO AVOID POSSIBLE CONFLICTS OF INTEREST SHALL BE KEPT BY THE PRESIDENT OR THE GENERAL COUNSEL. ANY DISPUTED ACTION WITH RESPECT TO THIS POLICY SHALL BE RESOLVED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE (THE "COMMITTEE") OF THE BOARD OF DIRECTORS ASSISTS THE BOARD IN FULFILLING ITS OVERSIGHT RESPONSIBILITIES RELATING TO PCPC'S COMPENSATION OF STAFF. SPECIFICALLY, THIS INCLUDES DETERMINING PCPC'S COMPENSATION PHILOSOPHY AND DETERMINATION AND APPROVAL OF THE CEO'S COMPENSATION. WITHIN THE COMPENSATION PHILOSOPHY AND SYSTEM APPROVED BY THE COMMITTEE, THE CEO IS SOLELY RESPONSIBLE FOR ADMINISTERING THE COMPENSATION SYSTEM FOR ALL PCPC EMPLOYEES OTHER THAN THE CEO. THE COMMITTEE, HOWEVER, WILL REVIEW AND APPROVE THE COMPENSATION OF OTHER EXECUTIVE (NON-CEO) STAFF TO CONFIRM THAT PAY LEVELS ARE WITHIN MARKET PRACTICE AND PCPC'S COMPENSATION PHILOSOPHY. THE CHAIRMAN OF THE BOARD OF DIRECTORS SHALL APPOINT A COMPENSATION COMMITTEE COMPRISED OF MEMBERS OF THE EXECUTIVE COMMITTEE, WHO HAVE NO RELATIONSHIP TO PCPC THAT MAY INTERFERE WITH THE EXERCISE OF THEIR INDEPENDENCE FROM MANAGEMENT OF PCPC. THE CHAIRMAN OF THE BOARD OF DIRECTORS OR A COMPENSATION COMMITTEE MEMBER DESIGNEE SHALL SERVE AS THE CHAIR PERSON OF THIS COMMITTEE. ALL MEMBERS OF THE COMMITTEE SHALL HAVE A WORKING FAMILIARITY WITH FUNDAMENTAL COMPENSATION PRACTICES. DUTIES AND RESPONSIBILITIES THE PRINCIPAL DUTIES AND RESPONSIBILITIES OF THE COMMITTEE ARE (1) TO APPROVE PCPC'S COMPENSATION PHILOSOPHY, WHICH INCLUDES SPECIFYING MARKETPLACE DEFINITION AND TARGET COMPENSATION LEVELS RELATIVE TO THE MARKETPLACE (2) TO EVALUATE THE CEO'S PERFORMANCE IN LIGHT OF PCPC'S ANNUAL GOALS AND OBJECTIVES AND DETERMINE THE ANNUAL BASE SALARY AND ANNUAL INCENTIVE-BASED COMPENSATION FOR THE CEO (3) TO REVIEW AND APPROVE THE CEO'S RECOMMENDATIONS REGARDING COMPENSATION FOR OTHER EXECUTIVE STAFF (4) TO APPROVE ANY EMPLOYMENT CONTRACT APPLICABLE TO THE PRESIDENT/CEO (5) AND TO PERIODICALLY REVIEW BOTH REGIONAL AND INDUSTRY-WIDE COMPENSATION PRACTICES AND TRENDS IN ORDER TO ASSESS THE APPROPRIATENESS AND COMPETITIVENESS OF PCPC'S EXECUTIVE COMPENSATION PROGRAMS AMONG COMPARABLE COMPANIES IN PCPC'S INDUSTRY. IN CONDUCTING THIS PERIODIC REVIEW, THE COMMITTEE SHALL HAVE THE RESOURCES AND AUTHORITY APPROPRIATE TO DISCHARGE ITS RESPONSIBILITIES, INCLUDING THE AUTHORITY TO RETAIN CONSULTANTS, ACCOUNTANTS, AND LEGAL OR OTHER ADVISORS, AT PCPC'S EXPENSE. ANY CONSULTANTS OR OTHER ADVISORS RETAINED SHALL BE INDEPENDENT AND HAVE APPROPRIATE EXPERTISE REGARDING COMPENSATION ARRANGEMENTS FOR NONPROFIT TAX-EXEMPT CORPORATIONS. PROCESS ANNUAL PERFORMANCE OBJECTIVES ARE DEVELOPED AS A BASIS FOR ASSESSING THE CEO'S ANNUAL PERFORMANCE AND FOR COMPENSATION REWARDS AT YEAR-END. THE PERFORMANCE OBJECTIVES ARE LINKED TO PCPC'S ANNUAL GOALS AND OBJECTIVES. THEY COMBINE SUBSTANTIVE (E.G., POLICY/GOVERNMENTAL) OBJECTIVES WITH MEASURES OF INTERNAL EFFECTIVENESS (FOR EXAMPLE, MEMBERSHIP AND PERFORMANCE AGAINST BUDGET). THEY ARE WRITTEN TO BE AS CONCRETE AND NUMERICAL AS POSSIBLE. THE CHAIRMAN OF THE BOARD, WITH INVOLVEMENT OF MEMBERS OF THE COMPENSATION OR EXECUTIVE COMMITTEES AS APPROPRIATE, REVIEWS AND APPROVES THESE OBJECTIVES. AT YEAR-END, THE COMPENSATION COMMITTEE CONDUCTS A PERFORMANCE REVIEW OF THE CEO TO DETERMINE THE EXTENT TO WHICH THE ANNUAL PERFORMANCE OBJECTIVES HAVE BEEN MET. THE COMMITTEE MAY SEEK INPUT FROM OTHER MEMBERS OF THE BOARD REGARDING THE CEO'S PERFORMANCE. BASED ON THE PERFORMANCE REVIEW OF THE CEO, THE COMMITTEE WILL DETERMINE THE LEVEL OF INCENTIVE COMPENSATION TO BE AWARDED TO THE CEO FOR THE PREVIOUS YEAR'S PERFORMANCE. THE COMMITTEE WILL ALSO DETERMINE THE BASE SALARY INCREASE FOR THE CEO FOR THE COMING YEAR. IN MAKING THIS DETERMINATION, THE COMMITTEE WILL CONSIDER THE CEO'S CURRENT AND HISTORICAL PERFORMANCE, AS WELL AS RELEVANT MARKET DATA. THE COMMITTEE WILL REVIEW THE CEO'S COMPENSATION DECISIONS REGARDING OTHER EXECUTIVE STAFF TO CONFIRM THAT THEY ARE IN KEEPING WITH PCPC'S COMPENSATION PHILOSOPHY AND CURRENT MARKET PRACTICE. THE CEO'S COMPENSATION DECISIONS ARE BASED ON THE EXECUTIVES' ANNUAL PERFORMANCE AGAINST THEIR PERFORMANCE OBJECTIVES, WHICH HAVE BEEN APPROVED BY THE CEO. ADMINISTRATION THE COMMITTEE SHALL MEET AS OFTEN AS NECESSARY TO CARRY OUT ITS RESPONSIBILITIES. A MAJORITY OF THE MEMBERS PRESENT WILL CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS, AND ANY ACTION APPROVED BY AT LEAST A MAJORITY OF THE MEMBERS SHALL REPRESENT THE VALID ACTION OF THE COMMITTEE. THE COMMITTEE SHALL MAINTAIN WRITTEN MINUTES OF ALL OF ITS MEETINGS. THE MINUTES SHALL BE CIRCULATED IN DRAFT FORM TO ALL COMMITTEE MEMBERS TO ENSURE ACCURACY AND SHALL BE APPROVED AT A SUBSEQUENT MEETING OF THE COMMITTEE. DOCUMENTATION OF COMMITTEE APPROVALS OF COMPENSATION MAY BE DONE BY EMAIL IF THE APPROVAL BY INDIVIDUAL MEMBERS OF THE COMMITTEE MUST OCCUR AFTER THE CONCLUSION OF AN ACTUAL MEETING. FORM 990, PART VI, SECTION C, LINE 19 PCPC ONLY MAKES THE 990S AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. PCPC WILL MAKE GOVERNING DOCUMENTS, POLICIES, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO MEMBERS IF REQUESTED. FORM 990, PART XI, LINE 9: CHANGE IN MINIMUM PENSION LIABILITY 1,027,261. FORM 990, PART XII, LINE 2C THE AUDIT OVERSIGHT PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR PCPC'S FEDERAL PAC 1620 L STREET NW SUITE 1200 WASHINGTON DC 20036 571193100 FEDERAL PAC DC 527 THE PERSONAL CARE PRODUCTS COUNCIL INC 1 PCPC'S STATE PAC 1620 L STREET NW SUITE 1200 WASHINGTON DC 20036 540836354 STATE PAC CA 527 THE PERSONAL CARE PRODUCTS COUNCIL INC 1 PCPC'S STATE PAC 1620 L STREET NW SUITE 1200 WASHINGTON DC 20036 141747878 STATE PAC NY 527 THE PERSONAL CARE PRODUCTS COUNCIL INC 1 PERSONAL CARE PRODUCTS COUNCIL-FOUNDATION DBA LGFB FOUNDATION 1620 L STREET NW SUITE 1200 WASHINGTON DC 20036 521523017 CANCER PATIENTS EDUCATION DC 501(C)(3) LINE 7 THE PERSONAL CARE PRODUCTS COUNCIL INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 PERSONAL CARE PRODUCTS COUNCIL FOUNDATION N 114387 ACTUAL COSTS PERSONAL CARE PRODUCTS COUNCIL FOUNDATION O 91232 ACTUAL COST PLUS BENEFIT REC'D PERSONAL CARE PRODUCTS COUNCIL FOUNDATION Q 1132073 ACTUAL REIMBURSEMENT RECEIVED