Corporate Governance

While Akcelerant is a private company we have always taken the posture that management of the company should be in accordance with good business practices and governed similar to a public company. From the beginning the company has engaged professionals in the areas of legal, accounting and audit to assist with the development of its policies and procedures.

Financials - Akcelerant adheres to GAAP and an annual audit is performed by Elko and Associates, Ltd. Elko produces audited financial statements, as well as, a letter to Akcelerant's customers to indicate Akcelerant is in compliance with all applicable law and has sufficient resources for continued operation and future growth.

Board of Directors - Each Akcelerant company has its own board including outside members. Akcelerant believes that having outside members on its board provides for better corporate management. Board meetings are held regularly according to company operating agreements.

Employment - Akcelerant demands that all of its employees and contractors undergo drug screening, criminal background and credit checks. To be hired, as well as stay employed by Akcelerant, all employees may not have any criminal convictions, be drug free and have a good credit score commensurate with the appropriateness of the types of customers we serve.

Privacy - Akcelerant recognizes that its customers deal with sensitive personal data of their members or customers. Akcelerant regularly educates its employees on the need to keep this data private should they come in contact with it. Additionally Akcelerant requires all employees to sign an employment agreement that outlines their adherence to policies and procedures associated with privacy.

Security - Akcelerant adheres to strict physical and data security. Its' premises are secured by card access, cameras and other appropriate means. Access to data is provided on a need basis and strictly structured passwords are required to be changed every 35 days.

SAS70 Type II Audit

Akcelerant has completed a SAS70 Type II Audit. The audit was performed by SAS 70 CPA, a leading Certified Public Accounting Firm that specializes in SAS70 auditing standards. The final report showed Akcelerant's operating effectiveness to be in compliance.

Legal, Accounting, & Audit

Akcelerant has engaged Pepper Hamilton to perform its legal work. Pepper regularly reviews Akcelerant's legal agreements to insure compliance with applicable rules and regulations. Additionally Pepper Hamilton maintains the company's operating agreements and provides legal counsel for board and unit holder meetings.

Akcelerant has Elko Associates as its corporate accountant and auditor. Elko performs an annual financial audit and issues a letter of Akcelerant's financial health and compliance with GAAP.