Section: The Board of Trustees Title: Board of Trustees Status Policy: 2.0 Status: Active Adopted: March 13, 2007 Revised: May 24, 2026 BOARD OF TRUSTEES LEGAL STATUS The Trust Deed and By-Laws of the American School of Bombay Education Trust (ASBET) define the Board of Trustees as the governing body of the School. The Board of Trustees (the Board) exercises authority over the School in accordance with the Trust Deed, the By-Laws, and applicable laws. It determines policy, delegates executive, supervisory, and instructional authority to the Head of School and reviews the results achieved in alignment with the aims of the School’s strategic plan, Mission, and Core Values. Cross References: 1.000 School Legal Status 2.010 Powers and Duties of the Board 2.020 Trustee Authority and Liability Legal References: Trust Deed and By-laws of the Education Trust

Section: The Board of Trustees Title: Powers and Duties of the Board of Trustees Policy: 2.1 Status: Active Adopted: March 13, 2007 Revised: March 24, 2026 POWERS AND DUTIES OF THE BOARD OF TRUSTEES The Board of Trustees establishes and approves all policies, compliances, strategic priorities, budgets of the School, and other matters deemed significant by the Board. Long-term planning and the formulation of policies are the core functions of the Board of Trustees. The implementation and administration of those policies are the responsibility of the Head of School. Through this delegation, the Board maintains a focus on governance, strategic direction, and oversight, while the Head of School manages the School within the policy framework established by the Board. The Board of Trustees delegates to the Head of School the responsibility for the day-to-day administration of the School, and for the implementation of policies approved by the Board. Specific Board of Trustees powers and duties include: Policy Making The Board of Trustees will establish, approve, and evaluate all policies governing the operation of the School and maintain such policies in the Board Policy Manual. Implementation is delegated to the Head of School. Election of Officers The Board of Trustees will elect its officers from among its members. Appointment of the Head of School The Board of Trustees is responsible for hiring, developing, evaluating and supporting the Head of School and, when necessary, terminating the Head of School’s employment. Board Meetings The Board of Trustees will hold regular meetings in accordance with the ASB Education Trust By-Laws. The Board determines when meetings or portions of meetings will be held in open or closed session in accordance with the By-Laws and applicable policies. Strategic Planning The Board of Trustees is responsible for the development and maintenance of a strategic plan defining the goals of the School. The Board engages stakeholders, as appropriate, in the strategic planning process. Operational planning and measurable action plans are developed by the Head of School in alignment with the Board-approved strategic direction. Financial Security and Legal Integrity The Board of Trustees has overall fiduciary responsibility for the School. In consultation with the Head of School, the Board of Trustees is responsible for approval and adoption of the annual expenditure budget and for setting tuition and other school fees. The Board oversees financial policy, long-term financial sustainability, and major financial decisions. The Board ensures that required audits occur in accordance with the By-Laws and with applicable Indian regulations and best practices for non-profit organizations. School Facilities and Capital Equipment The Board of Trustees will ensure that facility needs and the purchase and replacement of major capital equipment support and enhance the educational program. The Board approves major capital projects and ensures alignment with strategic and financial priorities. Contracts and Services The Board of Trustees has the power to approve major contracts and services consistent with policy and the By-Laws. Operational review, inspection, and contractor management are delegated to the Head of School, with the Board retaining the power to evaluate the contract performance. Staffing and Compensation The Board of Trustees delegates the recruiting, hiring, evaluating, promoting, and terminating of School staff to the Head of School. The Board of Trustees is responsible for reviewing and establishing policy governing staff compensation, employment terms, benefits, and professional development. Implementation is delegated to the Head of School. Teaching and Learning In consultation with the Head of School, the Board of Trustees sets general goals and adopts policies upon which instructional programs are based. The Head of School is responsible for developing, implementing, and reporting on the instructional program in alignment with Board policy. Students The Board of Trustees sets policies that guide administrative actions with respect to students. Community Relations The Board of Trustees is responsible for ensuring effective communication with the ASB community. The Board ensures that required reports to the community are made in accordance with the By-Laws and non-profit best practise. Adjudication and Investigation Matters of adjudication and investigation will be addressed in accordance with other Board policies. In the event of a conflict involving the Head of School, the matter may be brought to the Board President. Other Board Activities The Board’s additional responsibilities include, but are not limited to: ● approving the annual school calendar; ● retaining legal counsel; ● approving the appointment of auditors and other advisors; ● accepting or rejecting gifts to the School; ● overseeing high-level public relations strategy. Legal Reference Trust Deed and Bylaws of the Education Trust Cross References 1.300 - School Year and Calendar 2.0 - Board of Trustees Legal Status 2.300 - Regular Board Meeting 2.380 - Board Meeting Minutes 2.400 - Board Policy Development 3.110 - Powers and Duties of the Head of School 3.160 - Head of School's Performance Evaluation 4.100 - Annual Operating Budget 6.430 - Staff Grievances and Appeals

Section: The Board of Trustees Title: Trustee Authority and Liability Policy: 2.2 Status: Active Adopted: March 13, 2007 Revised: March 24, 2026 TRUSTEE AUTHORITY AND LIABILITY In accordance with the Trust Deed and By-Laws of the American School of Bombay Education Trust (ASBET) and applicable law, the Board of Trustees serves as the governing body of the School. As such, the Board of Trustees exercises authority only as a collective group and only through action at a duly convened, official meeting. Except for those specific powers and duties granted to Board officers in the Trust Deed and By-Laws, or by specific designation by the Board of Trustees, individual Trustees have neither legal authority to make any commitments on behalf of the Board of Trustees or the School, nor may they act in word or deed on behalf of the Board of Trustees. Furthermore, official communication on behalf of the Board shall occur only as authorized by the Board of Trustees or the Board President. Trustees will refrain from commenting on matters currently under deliberation by the Board. The School shall maintain liability insurance coverage for Trustees as required by the Trust Deed, By-Laws, and applicable law. Legal Reference Trust Deed and By-laws of the Education Trust Cross References 2.000 - Board of Trustees Legal Status 2.010 - Powers and Duties of the Board of Trustees 2.030 - Trustee Responsibilities 2.050 - Trustee Conflict of Interest 5.320 - School Insurance Programs

Section: The Board of Trustees Title: Trustee Responsibilities Policy: 2.3 Status: Active Adopted: March 13, 2007 Revised: March 24, 2026 TRUSTEE RESPONSIBILITIES In addition to the specific powers and duties defined for the Board of Trustees, each Trustee is responsible to: Be aware of act in alignment with the National Association of Independent Schools (NAIS) Principles of Good Practice (PGP). Assume an active role in carrying out the duties of the Board of Trustees as defined by the Trust Deed and By-Laws of the American School of Bombay and by Board policy. Act at all times in a manner consistent with the Trust Deed, By-Laws, and applicable Board policy. Commit adequate time and effort to the duties of a Trustee and attend all meetings of the Board of Trustees. Make impartial decisions, keeping in mind the mission and , the long-term health of the School, and the Board’s collective responsibilities. Publicly support Board decisions, respect Board of Trustees confidentiality, and recognize that the Board operates as a unit. Recognize that the management of the educational program and School operations is the responsibility of the Head of School and his/her staff the School’s administration. Publicly support the School and its Head of School. Trustees are expected to uphold the School’s reputation and act as ambassadors of its Mission. Maintain the confidentiality of privileged information. Trustees shall avoid individual action in operational matters and follow established channels for handling concerns. Encourage constructive engagement by parents, teachers, and all organizations concerned with the welfare of the School. Legal Reference Charter and By-Laws of the Association Cross References 2.000 - Board of Trustees Legal Status 2.010 - Powers and Duties of the Board of Trustees

Section: The Board of Trustees Title: Trustee Compensation and Expenses Policy: 2.4 Status: Active Adopted: March 13, 2007 Revised: March 24, 2026 TRUSTEE COMPENSATION AND EXPENSES Members of the Board of Trustees serve without compensation. When authorized to conduct business on behalf of the Board of Trustees, a Trustee may be reimbursed for actual expenses incurred. Reimbursement shall be made in accordance with the School’s financial policies and procedures. Legal Bylaws of the Education Trust Cross References 2.000 - Board of Trustees Legal Status 4.640 - Expense Reimbursement for School Employees and Others

Section: The Board of Trustees Title: Trustee Conflict of Interest Policy: 2.050 Status: Active Adopted: March 13, 2007 Revised: March 24, 2026 TRUSTEE CONFLICT OF INTEREST The Trustees of the American School of Bombay serve the constituencies of the School. They are expected to carry out their duties in a manner that inspires and ensures the confidence of all School constituents and the broader community. They must exercise the utmost good faith and integrity in all their dealings with and on behalf of the School and shall adhere to high standards of honesty, integrity, and ethical conduct. They must not engage in any conflict or appearance of conflict between their interests and the interests of the School. All Trustees must be above reproach when representing the School and shall not use their positions, or knowledge gained therefrom, beyond their role. A conflict of interest arises in any situation in which a Trustee or a member of their immediate family is involved in an activity that could affect their judgment regarding the interests of the School. When such a conflict arises, the individual shall disclose the existence of the conflict to the Executive Committee in accordance with Board-approved procedures. The Board, through its designated committee, determines whether a conflict of interest exists. To ensure awareness and observance of this Policy, at the beginning of each school year, Trustees shall annually acknowledge their commitment to this policy and related governance expectations Financial Aid/Hardship Allowance : Trustees shall avoid situations in which financial benefits received by their family create an actual, potential, or perceived conflict of interest. Eligibility and service-related implications for Trustees receiving financial assistance shall be addressed in accordance with Board-approved procedures. Gifts: Trustees should be discerning when accepting gifts from members of the community. Financial Transactions / Purchases: The School shall avoid financial transactions with a Trustee or any vendor, supplier, or contractor who is related to a Trustee without prior approval in accordance with Board-approved procedures. The concerned Trustee shall disclose such a conflict and and shall recuse themselves from the related decision-making process. Immediate Family Members: Service on the Board shall not create conflicts arising from employment or contractual relationships involving a Trustee or their immediate family members. Eligibility and service implications shall be guided by Board-approved procedures to avoid conflicts of interest. Trustee Influence: Trustees shall not influence employment decisions involving School personnel. A Trustee shall not directly or indirectly influence the School’s purchase of goods or services from a company in which a Trustee has any financial or other interest. Any exception shall follow Board-approved procedures. The designated Board committee shall make the final decision regarding the existence of an actual or potential conflict of interest. The concerned Trustee(s) must recuse themselves. Legal Censure of Trustees Conflict of Interest Form Trustee Code of Conduct Cross References 2.010 - Powers and Duties of the Board of Trustees 2.020 - Trustee Authority and Liability 2.030 - Trustee Responsibilities 2.055 - Censure of Trustees 2.070 - Board Policy Manual 2.100 - Board of Trustees Membership 2.110 - Election of Trustees 2.120 - Appointments to the Board of Trustees 2.150 - Trustee Removal from Office 4.000 - Budgetary and Financial Management Objectives 4.390 - Gifts Acceptance 6.000 - Personnel Definitions 6.440 - Employee Conflict of Interest 4.390 - Gifts and Donations

Section: The Board of Trustees Title: Powers and Duties of the Board of Trustees Self-Evaluation Policy: 2.6 Status: Active Adopted: March 13, 2007 Revised: March 24, 2026 BOARD OF TRUSTEES SELF-EVALUATION The Board recognizes the importance of honest self-evaluation and is committed to assessing its own performance in order to: Ensure the Board and individual Trustees are carrying out their roles and responsibilities in an effective and efficient manner. Identify strengths and areas for improvement in the Board’s functioning. Hold itself accountable for meeting established goals and responsibilities, including the Board's constructive partnership with the Head of School. As an ongoing process each year, the Board shall conduct a formal self-evaluation in accordance with Board-approved procedures. The evaluation will consider criteria contained in Board policies regarding Board operations, as well as criteria defining Board effectiveness as recommended by organizations such as the National Association of Independent Schools (NAIS). Among other criteria, the Board will assess its effectiveness in providing the Head of School timely and constructive performance feedback, in alignment with Board policy. The designated Board committee will provide shall provide a summary of the evaluations, and the Board shall review the results to identify key accomplishments and to establish goals designed to strengthen Board effectiveness. Cross References 2.000 - Board of Trustees Legal Status 2.010 - Powers and Duties of the Board of Trustees 2.030 - Trustee Responsibilities 1.300 - School Year and Calendar 3.160 - Head of School's Performance Evaluation

Section: The Board of Trustees Title: Board Policy Manual Policy: 2.7 Status: Active Adopted: March 13, 2007 Revised: March 24, 2026 BOARD POLICY MANUAL In addition to the Trust Deed and By-Laws, the Board of Trustees shall develop and maintain a Board Policy Manual. This manual shall contain approved policies that define how the Trust governs and sets direction for the School’s governance and oversight. All policies of the Board of Trustees shall be formalized and made part of the Policy Manual. Indian law, the Trust Deed, and By-Laws shall take precedence over Board policies and Employee Contracts. Board policies shall take precedence over an employee contract. However, in cases where a Board policy changes after the awarding of an employment contract, the Board shall decide whether the newly revised policy shall take precedence over the existing employee contract until the end of that contract period. The Board of Trustees may periodically review administrative regulations to ensure they are consistent with the intent of Board policies. The Head of School will be responsible for the preparation of regulations that provide more specific guidance for the implementation of Board policy. The official copy of the approved policy manual shall be maintained by the Board of Trustees’ Secretary and the Head of School, who are responsible for ensuring that the Policy Manual is kept up-to-date. The Head of School shall ensure that all community members have access to the Board Policy Manual. Review Cycle The Board shall maintain a regular review cycle for the Board Policy Manual as defined in Board governance procedures. This policy will be reviewed at least every three years by the committee designated by the Board. Administration in the event of conflict or absence of policy The Board of Trustees shall not defer decisions on account of conflicting or absent policies. In such circumstances, the Board shall make good faith decisions based on prior practice by the school and all other available information. When action must be taken and the Board of Trustees or the Policy Manual provides no guidance, the Head of School shall have the power to act. The Head of School shall consider decisions previously made by the School under similar circumstances. The Head of School shall promptly inform the Board of Trustees of such action and advise the Board on the need to develop a relevant policy. Suspension of Policies: In extraordinary circumstances, operation of any section or sections of Board policies not required by Indian law, the Trust Deed, By-Laws , or employment contracts, may be temporarily suspended by a two-thirds vote of the full membership body of the Board of Trustees. Legal Trust Deed and By-laws of the Education Trust Cross References 2.000 - Board of Trustees Legal Status 2.380 - Board Meeting Minutes 2.400 - Board Policy Development 2.420 - Ongoing Policy Review and Evaluation

Section: The Board of Trustees Title: Board of Trustees Membership Policy: 2.8 Status: Active Adopted: March 13, 2007 Revised: March 24, 2026 BOARD OF TRUSTEES MEMBERSHIP The Trust Deed and By-Laws of the American School of Bombay Education Trust (ASBET) state that the Board of Trustees shall consist of no fewer than three members at all times. Membership requirements, including citizenship and residency specifications, shall be consistent with the Trust Deed and By-Laws. All individuals elected or appointed to the Board of Trustees serve as full voting members and have the same rights and responsibilities consistent with the powers and duties of the Board of Trustees. All Board of Trustees members are eligible for re-election or re-appointment, but shall not serve more than six consecutive years, excluding terms of less than one year. The composition of the Board of Trustees shall align with the categories and designations outlined in the Trust Deed and By-Laws. Eligibility Any parent of an ASB student is eligible for election to the Board of Trustees, subject to eligibility requirements defined in Board governance procedures. All Trustees and their spouses must meet conflict of interest requirements as outlined in Board policy and may not hold roles that create actual or perceived conflicts with their responsibilities as Trustees. Appointment Eligibility Appointed Trustees shall meet eligibility requirements as defined by Board policy and governance procedures, including adherence to conflict of interest standards. Legal By-Laws of the American School of Bombay Education Trust Cross References 2.010 - Powers and Duties of the Board of Trustees 2.050 - Trustee Conflict of Interest 2.110 - Election of Trustees 2.115 - U.S Consul General on the Board of Trustees 2.120 - Appointments to the Board of Trustees

Section: The Board of Trustees Title: Election of Trustees Policy: 2.9 Status: Active Adopted: March 13, 2007 Revised: March 24, 2026 ELECTION OF TRUSTEES All nominations, eligibility, voting, and election procedures shall be conducted according to the procedures detailed in the By-Laws sections 32-36. All candidates for election must meet with the Chair of the Governance Committee to review eligibility requirements and Board Policy expectations. The Board may deem a candidate ineligible for Board service if the candidate has engaged in deliberate or flagrant violations of Board Policy, as determined by a two-thirds vote of the Trustees. The Board may issue regulations to support the administration of elections, provided such regulations remain consistent with the By-Laws. Legal ASB Code of Conduct By-Laws of the American School of Bombay Conflict of Interest Form Cross References 2.055 - Censure of Trustees 2.100 - Board of Trustees Membership 2.210 - Board Committees 2.160 - Vacancies on the Board of Trustees 9.100 - Opportunities for Trust Members' Involvement

Section: The Board of Trustees Title: U.S Consul General on the Board of Trustees Policy: 2.10 Status: Active Revised: March 24, 2026 U.S. CONSUL GENERAL ON THE BOARD OF TRUSTEES The Trust Deed and By-Laws of the ASBET designate the U.S. Consul General – Mumbai, or their designee, to serve as Chairperson of the Board of Trustees. The terms, responsibilities, and conditions of this role shall be governed by the Trust Deed and By-Laws and supported by applicable Board policies. Legal Trust Deed and Bylaws of the Education Trust Cross References 2.000 - Board of Trustees Legal Status 2.100 - Board of Trustees Membership

Section: The Board of Trustees Title: Appointments to the Board of Trustees Policy: 2.11 Status: Active Adopted: March 13, 2007 Revised: March 24, 2026 APPOINTMENTS TO THE BOARD OF TRUSTEES According to the Trust Deed and By-Laws of the ASBET, the U.S. Consul General, Mumbai, shall appoint designated individuals to serve on the Board of Trustees, in accordance with the categories and requirements defined in those governing documents. These appointed Trustees will serve for a defined renewable term (subject to a maximum of six years). Terms and conditions of appointment shall be governed by the Trust Deed, By-Laws, and applicable Board policies. Additional appointments made by the Board shall follow Board-approved processes and shall be for terms established by the Board. Appointments to the Board of Trustees to fill vacancies caused by the resignation of a Trustee before the end of their term shall follow the Board’s policy and procedures governing vacancies. Legal Trust Deed and By-laws of the American School of Bombay Cross References 2.100 - Board of Trustees Membership 2.160 - Vacancies on the Board of Trustees

Section: The Board of Trustees Title: Board of Trustees Member Orientation, First meeting, Resignations and Vacancies Policy: 2.12 Status: Active Adopted: March 13, 2007 Revised: March 24, 2026 BOARD OF TRUSTEES MEMBER ORIENTATION Board of Trustees Member Orientation: Orientation of new Trustees shall occur in a timely manner following election or appointment, in accordance with Board procedures. Under the guidance of the Executive Committee and the Head of School, newly elected and appointed Board members shall receive orientation information and materials appropriate to support their understanding of the Board’s governance responsibilities. In addition, the Governance Committee, in coordination with the Head of School and the Board President shall oversee an orientation process designed to introduce new Trustees to the Board’s governance role, key documents, and the School’s mission and strategic direction. Orientation shall include an introduction to essential governance expectations, guiding documents, and strategic priorities. Meetings with key School and Board leaders will be incorporated as appropriate. First Meeting of the New Board: Newly elected Trustees shall officially assume their roles as members of the Board of Trustees at the commencement of the new Board term, in accordance with the Trust Deed, By-Laws, and Board procedures. The Board shall elect officers at the beginning of each new Board term, following processes established in the Trust Deed, By-Laws, and Board policy. Resignation of Trustees: All members of the Board of Trustees are expected to serve their full term of office. It is recognized, however, that circumstances may make it necessary for a member to resign before their term expires. In such cases, the resigning Trustee shall inform the Board President in a timely manner. Any resignation by a Trustee shall be submitted in writing and will take effect upon the date received by the Board of Trustees or on a date specified in the resignation. Vacancies on the Board of Trustees If a vacancy occurs during the year,. the process by which vacancies are filled shall differ depending on whether the vacancy occurred in an elected or appointed position. Elected Positions: Vacancies in elected positions shall be filled in accordance with the Trust Deed, By-Laws, and Board regulations governing elections. Vacancies in elected positions shall be filled in accordance with the Trust Deed, By-Laws, and Board regulations governing elections. The Board of Trustees has discretion to appoint new trustees to fill vacancies on the Board or leave them empty. Appointed Positions: Vacancies in appointed positions shall be filled by the appointing authority identified in the Trust Deed and By-Laws. Appointees must meet eligibility and conflict-of-interest requirements as defined in Board policy and the governing documents. Cross References 2.000 - Board of Trustees Legal Status 2.010 - Powers and Duties of the Board of Trustees 2.030 - Trustee Responsibilities

Section: The Board of Trustees Title: Trustee Removal from Office Policy: 2.13 Status: Active Adopted: March 13, 2007 Revised: March 24, 2026 TRUSTEE REMOVAL FROM OFFICE A Trustee who fails to serve the interests of the School  and uphold the responsibilities of Board service must resign or may be removed. Any Trustee may be removed  in accordance with the Trust Deed, By-Laws, and Board procedures. Such removal shall require a two-thirds majority vote of the full Board of Trustees. Legal ASBET Trust Deed and By-Laws Cross References 2.000 - Board of Trustees Legal Status 2.030 - Trustee Responsibilities 2.110 - Election of Trustees 2.120 - Appointments to the Board of Trustees 2.160 - Vacancies on the Board of Trustees 2.315 - Annual General Meeting

Section: The Board of Trustees Title: Board Officers Policy: 2.14 Status: Active Adopted: March 13, 2007 Revised: March 24, 2026 BOARD OFFICERS During its first meeting at the start of each new Board term, the Board of Trustees shall elect from its members a set of officers consisting of a President, Vice President, Treasurer, and Secretary. All officers shall hold office for a term of one year, or until their successor is elected. All officers shall be eligible for re-election. No Trustee may hold multiple officer positions. A. President Duties of the President include: Presiding at meetings of the Board of Trustees. Serving as Chair of the Executive Committee. Ensuring Board oversight of the Head of School in alignment with Board policy. Providing leadership to the Board, including supporting effective committee structure and coordination. Acting as an ex-officio member of Board committees, unless otherwise specified. Ensuring that Board business is conducted effectively and in accordance with policy and the By-Laws. Ensuring that Board meetings are convened in accordance with the By-Laws. Representing the Board in official capacities and serving as the primary spokesperson of the Board. B. Vice President Duties of the Vice President include: Serving as Chair of the Governance Committee. Serving on the Executive Committee. Assuming the powers and duties of the President during their absence or disability. Supporting the President in carrying out Board leadership responsibilities. Supporting adherence to governance practices and Board policies, including oversight of Trustee elections in accordance with Board procedures. C. Treasurer Duties of the Treasurer include: Serving as Chair of the Finance Committee. Serving on the Executive Committee. Providing financial oversight on behalf of the Board and ensuring that financial management aligns with Board policies and fiduciary responsibilities. Supporting the Board’s review of financial plans, budgets, and audits in accordance with Board procedures. Ensuring the Board has the financial information needed to perform its governance responsibilities. D. Secretary Duties of the Secretary include: Serving as Chair of the Policy Committee. Serving on the Executive Committee. Ensuring that proper notice of Board meetings is provided in accordance with the By-Laws and Board policy. Overseeing the maintenance of accurate records of Board proceedings. Ensuring that key governance documents (e.g., Trust Deed, By-Laws, Board policies) are kept current and accessible. Ensuring that Board documentation and records support effective governance. Additional Duties The Board may assign additional responsibilities to officers in accordance with governance procedures and the needs of the Board. Legal ASBET Trust Deed and By-laws Cross References 2.000 - Board of Trustees Legal Status 2.010 - Powers and Duties of the Board of Trustees 2.030 - Trustee Responsibilities 2.210 - Board Committees 2.330 - Meeting Agendas

Section: The Board of Trustees Title: Board Committees Policy: 2.15 Status: Active Adopted: March 13, 2007 Revised: March 24, 2026 BOARD COMMITTEES The Board of Trustees will establish committees when it is deemed necessary to carry forth specific annual goals and objectives, or for counsel and assistance in the performance of its duties. Some committees may have an ongoing role while others may be established for a specific purpose. The latter are also known as “ad hoc committees” or “task forces”. Standing Committees of the Board of Trustees will include the Executive, Finance, Governance, and Policy Committees. At the start of each school year, the Board of Trustees will determine its goals, its work objectives, and any ad hoc committees required to implement its agenda. The following applies to all Board Committees: Committee Authority: No committee established by the Board of Trustees, whether standing or ad hoc, will have policy-making authority. Committee responsibility, unless specifically authorized otherwise by the Board of Trustees, will be limited to providing information and recommendations to the Board of Trustees. Each committee chair will receive their committee charge from the President which will be determined by the outcomes of the Board of Trustee Goals for the upcoming year. Committee Composition: Every committee chairperson will be a member of the Board of Trustees. The Chair of the Executive Committee shall be the President of the Board, the Chair of the Finance Committee – the Board Treasurer, the Chair of Governance Committee – the Vice President, and the Chair of the Policy Committee – the Board Secretary. Other committee Chairs will be appointed by the President in consultation with the Executive Committee and Head of School. Committee members may be nominated by any Trustee and appointed by the President of the Board of Trustees. All committees must have at least one Trustee as a member of the committee. Where appropriate, especially for ad hoc committees charged with advising the Board, committees should also include parents and Employees. The Board President will serve as an ex-officio members of all committees. Conflict of Interest: With the exception of the Head of School and the Director of Operations and Finance, no Employee will serve on any Board committee that has the express purpose of reviewing salary or benefits. Written input from School Employees, however, is always welcomed during such reviews. Committee Duration: Any committee standing or ad hoc, based on its defined objectives, will have a clearly defined goal and timetable to accomplish its goal or objective. Upon completion of its stated objectives, and with approval of the Board of Trustees, the committee will be dissolved. The Board of Trustees also has the authority to remove any Committee member at any time. Committee Confidentiality: Committee members are expected to maintain confidentiality, and to recognize that their access to school activities and records is granted by the Board of Trustees solely for the purpose of advising the Board of Trustees. Each committee member is required to sign a Confidentiality Agreement. The publicizing of committee findings, recommendations, or any related information is at the sole discretion and approval of the Board of Trustees and does not lie with the committee or its individual members. Duties of Standing Committees: Executive Committee – in consultation with the Head of School, responsible for overseeing the planning of annual committee goals and charging of committees; responsible for supporting the Head of School and ensuring that their evaluation is conducted in accordance with Board Policy; and, in consultation with the Director of Operations and Finance, responsible for regulatory compliance. Finance Committee – responsible for overseeing the budget and annual financial report, as well as periodic reports to the Board of Trustees in accordance with the Board Calendar, ensuring annual audit of school records, overseeing periodic review of salary scales and staffing benefits and implementation of long-term financial plans. Policy Committee – responsible for the ongoing review, updating and drafting of Board policy as well as periodic review of school regulations to ensure consistency with policy. Governance Committee – responsible for development and evaluation of the board, orientation of new members, exit interviews with outgoing members. Ad hoc committees -- From time to time and to accomplish specific purposes or to provide consultation to the Board in a particular area or activity, the President may establish ad hoc committees or task forces. The composition of advisory committees will be as broadly representative of the ASB community as possible taking into consideration the specific tasks assigned to the committee. Trustees or the Head of School may nominate persons to serve on ad hoc committees. When a nominated person is an Employee, appointments will be made by the Board President, in consultation with the Head of School. The tenure of any ad hoc committee will be for the period of time necessary to accomplish the task assigned. Ad hoc committees will operate under the same policies as any other committee as described above or elsewhere in Board Policy or the ASBET By-Laws of the Education Trust. Legal ASBET By-Laws of the Education Trust. Cross References 2.010 - Powers and Duties of the Board of Trustees 2.030 - Trustee Responsibilities 2.050 - Trustee Conflict of Interest 2.200 - Board Officers

Section: The Board of Trustees Title: Board of Trustees - Head of School Relationship Policy: 2.16 Status: Active Adopted: March 13, 2007 Revised: March 24, 2026 BOARD OF TRUSTEES - HEAD OF SCHOOL RELATIONSHIP Long-term planning and the formulation of policies are the functions of the Board of Trustees. The implementation and administration of those policies are the responsibility of the Head of School. This delegation provides the Head of School with authority to manage the School within the framework established by the Board, enabling the Board to focus on strategic planning, policy development, and governance. Cross References 2.010 - Powers and Duties of the Board of Trustees 2.030 - Trustee Responsibilities 2.305 - Executive Sessions of the Board of Trustees 3.110 - Powers and Duties of the Head of School 3.160 - Head of School's Performance Evaluation 3.190 - Interim Head of School

Section: The Board of Trustees Title: Regular Board Meeting Policy: 2.17 Status: Active Adopted: March 13, 2007 Revised: March 24, 2026 REGULAR BOARD MEETING The Board of Trustees shall meet at least once every three months during the school year and at other times upon the call of the Board President. A schedule of regular meeting dates for the upcoming year will be established annually and communicated to all Trustees. Regular Board meetings are closed sessions and not open to members of the community. The Head of School will not be in attendance during discussions of the Head of School's contract or evaluation, and may be excused from the session whenever the Board determines it appropriate. All decisions and matters discussed in closed session will be recorded in the official minutes. Minutes from closed sessions will be held confidential in accordance with Board policy. Trustees and other persons present during closed sessions must maintain the confidentiality of all matters discussed in such sessions. At times, the Board may call an open meeting. Members of the ASB community may attend open meetings of the Board of Trustees, along with any other guests who are invited by the Board. The time, place, and general purpose for all open Board meetings will be communicated to members of the ASB community in advance, in accordance with Board-approved communication practices. In the absence of both the President and the Vice-President, the Secretary will serve as acting chair. The Board will use recognized parliamentary procedures appropriate for Board governance, unless otherwise specified in the By-Laws or Board policy. Meeting Agenda: The Executive Committee will prepare agendas for Board meetings in consultation with the Head of School. Individual Trustees and Committee Chairs will notify the Head of School of items they wish to have included on the agenda. Quorum: For regular Board Meetings, a simple majority of the number of current Trustees shall constitute a quorum. The only action that may be taken if fewer trustees are present is a motion to adjourn. Adjourned meetings will be reconvened for the same time and place one week later, and if a quorum is again not present, the Trustees present shall constitute a quorum. Voting Method: The Board of Trustees shall make decisions by simple majority of the quorum present by using a method determined appropriate by the Chair, except at the discretion of the President or at the request of any member of the Board of Trustees. There will be no voting by proxy. The Board President may initiate or second motions and to vote on motions. If a majority of the Trustees request it, voting for election of Board officers shall be by paper ballot. A Trustee shall have the right to have their dissent recorded in the minutes. The Trustee should indicate to the Board of Trustees their intention to have their dissent recorded immediately after the motion in question is decided. Trustees are reminded, however, that once a decision is made, the Board of Trustees shall act in unity in supporting the decision. For specific issues requiring a Board of Trustees vote, but not a meeting, the President is authorized to conduct a vote via email. Results shall be recorded in the Book of Record. Board Meeting Minutes: Minutes shall be kept for all regular, special and working session, and closed-session meetings of the Board of Trustees and all Annual and Extraordinary General Meetings of ASBET. The meeting minutes shall include at least the following: A statement of the time, date, and place of the meeting; Individuals present; Resolutions, if any, adopted at the meeting and a record of all roll-call votes; and For closed sessions, the purpose(s) for which the closed session was held. The meeting minutes may also include brief summaries of committee reports and discussions by Trustees. Minutes for all meetings shall be approved by the Board of Trustees at the next regularly scheduled Board meeting (or next closed session for minutes of closed sessions) and signed by the Secretary. Except for minutes taken during a closed session, all approved minutes are considered public records and shall be made available to the ASB community through the School’s portal. Minutes taken during a closed session are not considered public records and shall be treated as confidential. Resolutions passed in closed sessions shall be recorded in the Book of Records. Minutes of closed sessions shall be retained by the Board Secretary or their designee. Minutes of past closed sessions shall be available to current Trustees upon request to the Board Secretary or their designee. The Head of School shall have access to closed session minutes from sessions in which the Head of School was present. Legal By-laws of the Education Trust Cross References 2.200 - Board Officers 2.305 - Executive Sessions of the Board of Trustees 2.330 - Meeting Agendas 2.340 - Quorum 2.350 - Meeting Conduct and Parliamentary Law 2.360 - Board of Trustees Voting Method 2.370 - Parents' and Faculty Members' Attendance at Board Meetings 2.380 - Board Meeting Minutes

Section: The Board of Trustees Title: Closed Sessions of the Board of Trustees Policy: 2.18 Status: Active Adopted: March 13, 2007 Revised: March 24, 2026 CLOSED SESSIONS OF THE BOARD OF TRUSTEES The Board of Trustees may, during any regular or special meeting when a quorum is present, hold a closed session to discuss confidential or sensitive matters. Only Trustees, the Head of School, and those specifically invited by the Board President may be present at closed sessions. Legal By-laws of the Education Trust Cross References 2.300 - Regular Board Meeting 2.320 - Extraordinary General Meetings 2.340 - Quorum 2.350 - Meeting Conduct and Parliamentary Law 2.360 - Board of Trustees Voting Method 2.380 - Board Meeting Minutes

Section: The Board of Trustees Title: Board of Trustees Meetings Policy: 2.19 Status: Active Adopted: March 13, 2007 Revised: March 24, 2026 BOARD OF TRUSTEES MEETINGS The Trust Deed and ASBET By-Laws define two types of general meetings of the trust: Annual General Meeting Extraordinary General Meetings Meeting Notification Notice will include the agenda for the meeting. Quorum and Voting Methods For Annual General Meetings and Extraordinary General Meetings, a quorum will consist of a simple majority of the full Board of Trustees, in attendance, and at least ten (10) other persons entitled to attend and vote at such meetings, personally present at the meeting. All faculty and legal guardians of ASB students are eligible to vote at Annual General Meetings and Extraordinary General Meetings. If 30 minutes after the appointed time for the Annual General Meeting or an Extraordinary General Meeting a quorum is not present, the meeting shall stand adjourned to the same time and place the following week. If a quorum is again not present the following week, the Trustees and community members present shall constitute a quorum. Annual General Meeting: The Annual General Meeting will be held on a date determined by the Board of Trustees. This meeting will be open to all parents of ASB students, ASB Employees , and guests invited by the Board of Trustees. According to ASBET By-Laws, this meeting will be held to: Elect members to the Board of Trustees and Present the Annual Report of the Board of Trustees The Annual Report will be a written report describing the School's operations and financial status. To the extent possible, the financial update should reference audited financials. Additional topics, such as an update on the School’s strategic plan and specific goals for the upcoming school year, may also be presented at the Annual General Meeting. Extraordinary General Meetings: Extraordinary General Meetings may be held for the transaction of special business matters requiring approval by special resolution or in the event of other extraordinary circumstances. Special business matters, as defined in the By-Laws. The Extraordinary General Meeting (EGM) will be called and administered according to the By-Laws. Extraordinary General Meetings will be open to legal guardians of ASB students, ASB Employees, and guests invited by the Board of Trustees. Legal guardians and Teachers are entitled to vote. Notification of an Extraordinary General Meeting must indicate the subject(s) proposed for discussion. No business other than that stated in the notice may be transacted. The Extraordinary General Meeting shall be scheduled in accordance with the By-Laws. Legal By-laws of the Education Trust Cross References 2.315 - Annual General Meeting 2.320 - Extraordinary General Meetings 2.370 - Parents' and Faculty Members' Attendance at Board Meetings

Section: The Board of Trustees Title: Board Policy Development Policy: 2.20 Status: Active Adopted: March 13, 2007 Revised: March 24, 2026 BOARD POLICY DEVELOPMENT The Trust Deed and By-Laws of the American School of Bombay Education Trust (ASBET) authorize the Board of Trustees to establish policy for the effective operation of the Board of Trustees and administration of the school. Board policies serve as sources of information and guidance for all people interested in, or connected with, the School. Board policies shall be aligned with the School’s mission, strategic objectives, and core values. The policies of the Board of Trustees shall be interpreted in accordance with the laws of the Government of India and the authority defined by the Trust Deed and By-Laws. Board policies shall also be interpreted in furtherance of educational objectives, procedures, theory, and practices that are broadly accepted by leaders and authorities in the field of education. Changing circumstances and needs may require revision of Board policies. Ongoing policy development shall be undertaken as necessary. Policy Proposals / Preliminary Development of Draft Proposals Proposals regarding Board policies and operations may originate from within the school community or from external advisors. Policy proposals shall be submitted in writing to the Head of School or the Board President. The Head of School shall examine proposals for new or revised policies and consult, as appropriate, the professional staff, the Policy Committee, legal counsel, or other interested or knowledgeable sources. A preliminary draft shall be prepared by the administration and presented first to the Policy Committee before submission to the Board of Trustees for consideration. The final decision regarding such proposals, regardless of origin, rests with the Board of Trustees. Policy Adoption and Dissemination Policies may be approved, rescinded, amended, or revised by a majority vote of Trustees present and voting at a regularly scheduled or closed Board meeting. Proposals for policy revision shall be first approved by the Policy Committee, and then submitted for a first read at any regularly scheduled Board meeting. Following the first read and taking into consideration any comments by Trustees, the Policy Committee shall submit the recommended policy change for final vote at the next regularly scheduled or special Board meeting. Policy corrections may be approved by a majority vote of Trustees present and voting at any regular Board meeting. Policies shall be effective immediately upon their approval by a majority of the Trustees present at a regularly scheduled or closed meeting of the Board, or by the date specified by the Board for implementation. Approval of each policy shall be noted in the minutes of the meeting. The revised policies shall be included in the Board Policy Manual as of their effective date. Ongoing Policy Review and Evaluation The Board of Trustees shall review and evaluate its policies on an annual basis, such that every policy is reviewed at least once every three (3) years and no later than every four (4) years. This may involve seeking input from school staff, students, parents, and external advisors. The Policy Committee is responsible for reviewing and, when necessary, revising these policies for Board approval. Legal Trust Deed and By-Laws of the Education Trust Cross References 2.010 - Powers and Duties of the Board of Trustees 2.070 - Board Policy Manual 2.380 - Board Meeting Minutes 2.410 - Policy Implementation 2.420 - Ongoing Policy Review and Evaluation

Section: The Board of Trustees Title: Censure of Trustees Policy: 2.21 Status: Active Adopted: March 13, 2021 Revised May 23, 2026 CENSURE OF TRUSTEES All Trustees are expected to maintain the highest standards of conduct and ethical behavior. Censure is an official expression of disapproval passed by the Board and may be issued when a Trustee’s conduct is determined to be inconsistent with Board policy, governance standards, or the School’s values. Concerns regarding the conduct of a Trustee or former Trustee shall be reported in writing in accordance with Board-approved procedures. Reports shall be directed to the appropriate Board officer or committee as outlined in governance procedures. Every effort shall be made to maintain confidentiality throughout the process, consistent with legal and ethical requirements. Reports should provide sufficient information to allow the Board to understand the nature of the concern. Informal resolution should be pursued, when appropriate, prior to initiating a Censure process. If an informal resolution is not possible, the Board may initiate a formal review. A designated committee of disinterested Trustees will review the concern and follow Board-approved procedures to determine whether a Censure is warranted. The Board will ensure that any review or hearing follows fair, consistent, and transparent procedures. The Trustee or former Trustee subject to review will be informed of the concern and will have an opportunity to respond, in accordance with Board procedure. The reviewing committee shall consider relevant information and make a recommendation to the Board. If the reviewing committee determines that a hearing is not warranted, the matter may be closed. If a hearing is warranted, the Board will conduct it in accordance with its procedures. A motion to Censure may be brought before the Board following completion of the review. The motion to Censure shall require a two-thirds majority vote of the Trustees eligible to vote. The Trustee subject to the action shall recuse themselves. Upon a two-thirds majority vote, the Board may issue a Censure and may determine additional actions consistent with the Trust Deed, By-Laws, and applicable law. The Board may also consider Censure of a former Trustee if it becomes aware of conduct during their tenure that would have constituted grounds for Censure. Any retroactive action shall be taken only after consultation with legal counsel. Cross References 2.000 Board of Trustees Legal Status 2.010 Powers and Duties of the Board of Trustees 2.030 Trustee Responsibilities 2.050 Trustee Conflict of Interest 2.150 Trustee Removal from Office

Section: The Board of Trustees Title: Amendment of By-Laws Policy: 2.500 Status: Active Revised: October 17, 2023 AMENDMENT OF BY-LAWS Changes or amendments to the By-Laws of the Education Trust must be first approved by a two-thirds majority of the full body of the Board of Trustees, then submitted for vote at an Annual General Meeting (AGM) or Extraordinary General Meeting (EGM) of the Education Trust, according to the By-Laws and Board Policy governing AGM or EGM. Changes or amendments to the By-Laws passed by a majority vote at an AGM or EGM will become immediately effective or effective on the date set by the proposal to amend the By-Laws.