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        <ExplanationTxt>BOARD MEMBERS AND PRESIDENT ARE REQUIRED TO SIGN ACKNOWLEDGEMENT OF THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. THIS PROCESS INCLUDES REVIEWING AND COMPLETING A DISCLOSURE STATEMENT. ADDITIONALLY, THE DUTY TO DISCLOSE CONFLICTS OF INTEREST IS AN ONGOING ONE, AND ANY NEW INFORMATION SHOULD BE REPORTED PROMPTLY TO THE PRESIDENT/EXECUTIVE DIRECTOR AND/OR THE BOARD OF DIRECTORS AND DISCUSSED WITH COUNSEL.</ExplanationTxt>
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