What is Usal Redwood Forests governance structure and how is it related to the Redwood Forest Foundation?
The Redwood Forest Foundation is a 501(c)(3) nonprofit organization whose board of directors includes regional community members with backgrounds in finance, forestry, conservation, academics, business and philanthropy. This unique mix of expertise allows individuals with historically conflicting forest management perspectives to make joint decisions regarding the Usal Redwood Forest’s environmental, economic, and social attributes. A local citizens’ advisory committee has been formed to provide the board with additional perspectives on regional forestry issues. RFFI has chosen to form a wholly owned subsidiary that owns the Usal Redwood Forest. This subsidiary was created to protect the financial and forest management integrity of this particular acquisition. Management recommendations are made by a subset of the RFFI Board who serve on a Usal Management Committee. A representative from RFFI’s lender, the Bank of America, serves in an ex officio capacity on this Committee. This Commit