ULI Bylaws Revisions 2017 (red) (D0680771-21)v2

The Global Governing Trustees have authority in the following areas: Electing or removing, members of the ULI Global Board of Directors, Life Trustees, members of the ULI Foundation Board of Directors, the ULI Foundation Chairman, the ULI Global Chairman, and removing any member of the ULI Global Governing Trustees. [...] Officers of the Global Governing Trustees The Global Chairman and the Global Vice Chairman/Secretary and the Global Vice Chairman/Treasurer shall be the Global Chairman, Global Vice Chairman/Secretary, and Global Vice Chairman/Treasurer, respectively, of the Global Governing Trustees and the Global Board of Directors. [...] Approving and forwarding the Global Chairman-elect and other ULI officers and members of the ULI Global Board of Directors, ULI Foundation Chairman and other ULI Foundation officers and members of the ULI Foundation Board of Directors, and Life Trustee nominations to the Global Governing Trustees for election, upon recommendation of the Global Nominating Team and/or the Global Governance and Nom. [...] Officers of the Global Board of Directors The Global Chairman and the Global Vice Chairman/Secretary and the Global Vice Chairman/Treasurer shall be the Global Chairman, Global Vice Chairman/Secretary, and Global Vice Chairman/Treasurer, respectively, of the Global Board of Directors. [...] The Global CEO also serves as the President/CEO of the ULI Foundation unless the ULI Global Board of Directors chooses to appoint a different person to serve as the President/CEO of the ULI Foundation, in which case, the President/CEO of the ULI Foundation shall report to the Global CEO.