Jul 11th, 15:07 XXX Tropical Temptations
by Huff Huldschinsky

Public Announcement – XXX BoD Nomination Process

Public Announcement – XXX BoD Nomination Process


To Whom It May Concern:


With the intent to execute the plan set out in the project Renaissance, Tropical Temptations will effective immediately accept nominations for its Board of Directors (BoD).

The Tropical Temptations Team will be responsible for the nomination and voting process and will be coordinated by Huff Huldschinsky - Tropical Temptations CEO. Based on its assessment of the existing strengths of the company and the changing needs of the organization, the Team will assess the competencies, skills and personal qualities it should seek in new board members to add value to the organization. The Team will consider all qualified candidates identified by members of the financial community, by management and by shareholders.

With a view to the ability to represent the interests of shareholders effectively, the Team will review each candidate’s biographical information and assess each candidate’s suitability.

This assessment involves exercise of the Team’s independent judgment. The Team will use the same process for evaluating all potential candidates, including those recommended by shareholders. In this context, the Team will consider whether the candidate:

• has demonstrated, in personal and professional dealings, integrity, high ethical standards and commitment to company;
• is likely to take an independent approach and to provide a balanced perspective;
• have specific skills, expertise or experience that would complement those already represented on the board;
• is financially literate and able to read financial statements and other indices for evaluating corporate performance;
• has a history of achievements that demonstrates the ability to perform at the highest level and that reflects high standards for themselves and others;
• has a background that includes business, governmental, professional, non-profit or other experience that is indicative of sound judgment and the ability to provide thoughtful advice;
• recognizes the strengths of diversity;
• possesses knowledge and appreciation of public issues and exhibits familiarity with SL financial markets; and
• has sufficient time and energy to devote to the performance of duties as a member of the Board of Directors, having regard to positions the candidate holds in other organizations And other business and personal commitments.

Nomination by shareholders
Any shareholder who wishes to recommend a candidate to be considered by the Team may do so by sending a notecard with the candidate’s name and biographical information, including background, qualifications and experience to: Huff Huldschinsky by no later than July 31, 2008.

The board’s role

The Board of Directors is responsible for the overall stewardship of the Company. Directors are elected by shareholders to supervise management of the Company’s business and affairs, with the goal of enhancing long-term shareholder value. In performing its role, the board makes major policy decisions, participates in strategic planning, delegates to management the authority and responsibility for day-to-day affairs and reviews management’s performance and effectiveness.

Other Board’s supervisory responsibilities:

Strategic planning

• The board oversees our strategic direction and major policy decisions.
• Strategies and their implementation are frequently discussed at board meetings.
• The board participates with management in an annual session dedicated to strategic planning.
• The board approves the enterprise strategy, which takes into account, among other things, the opportunities and risks of the businesses.
• The board reviews and approves our corporate financial objectives and operating plans, including significant capital allocations, expenditures and transactions that exceed delegated authorities.

Director attendance

Board members are expected to attend the Annual Meeting and quarterly Board meetings. Minimum attendance of 75% of board meetings is required, except where factors beyond a director’s control prevented the director from achieving the minimum attendance level. BoD has a 1 year mandate.

Board compensation

In recommending the form of directors’ compensation, the Team seeks to align the interests of directors and shareholders. Directors are required to own Common Shares, a minimum value of
L$30,000. In addition, directors receive a dedicated annual retainer in the form of Common Shares, which must be retained until retirement from the board.

Directors who are also officers of the Company receive no remuneration as directors.

Nomination : Ends July 31, 2008

Selection : Ends August 07, 2008

Voting: August 17, 2008


For more information please contact myself in world or e-mail HUFF_SL2007@HOTMAIL.COM


Cordially,

Huff Huldschinsky
Tropical Temptations CEO