1. CBB Executive Committee

2. 2 11 members elected by full Beef Board Includes 3 officers and past CBB chairman as ex-officio member Meets 5 times annually plus conference calls, as needed CBB Executive Committee

3. 3 Carries out Beef Board policies – acts on behalf of Board, subject to approval by full Board Administers terms and provisions of the Order between meetings of full Beef Board Executive Committee Responsibilities

4. 4 Committee monitors state beef council expenditures by:  Reviewing annual marketing plans and financial statements from each state  Systematic financial and procedural reviews Provides investing & banking guidance through a QSBC Investment Policy, to ensure the safety of beef checkoff funds CBB Executive Committee

5. 5 Committee ensures contractors properly account for checkoff expenditures by:  Conducting periodic compliance audits of all contractors  Ensuring audit issues are properly resolved Ensures Federation funds are expended in accordance with the Act, Order and CBB Guidelines through periodic compliance audits of Federation funds CBB Executive Committee

6. 6 HAS ONE SUBCOMMITTEE: CBB Administration Subcommittee Monitors administration of Act & Order Reviews certification of state beef councils Investigates complaints against checkoff Recommends administrative budget to Executive Committee CBB Executive Committee

7. 7 Review financial and budget reports Ratify Operating Committee actions Approve brand & trade-name references Receive Producer Communications update CBB Executive Committee Standard Agenda Items

8. 8 Review status of SBC marketing plans and financial statements Discuss results of recent financial and procedural reviews of SBCs (Exec Session) Discuss status/results of recent contractor compliance audits (ES) CBB Executive Committee Standard Agenda Items

9. 9 Approve assessment payment plans and settlement of outstanding late fees (ES) Discuss and approve agreements to license intellectual property to third-parties (ES) Negotiate terms of agreements (ES) CBB Executive Committee Common Agenda Items

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