The Organization notes this was a result of former management that did not properly follow Organization processes and procedures. Former management has been replaced by a new management team. The new team has placed a significant emphasis on transparency and enhanced controls. To this end, the Organization is establishing an Audit Committee, which will consist of three (3) to five (5) members with one member being from the Board of Directors and all other members being volunteers from the banking or financial industry. The Audit Committee will promote greater internal controls and independence in oversight from the Board of Directors.