Green Dot 2010 Annual Report Download - page 98

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ITEM 9 Changes in and Disagreement With Accountants on Accounting and Financial
Disclosure
None.
ITEM 9A Controls and Procedures
Disclosure controls and procedures — Our management, with the participation of our Chief Executive
Officer and Chief Financial Officer, has evaluated the effectiveness of our disclosure controls and
procedures (as defined in Exchange Act Rule 13a-15(e)), and internal control over financial reporting
(as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) at the end of the period covered by this report.
Based on such evaluation of our disclosure controls and procedures, our Chief Executive Officer and Chief
Financial Officer have concluded that, at the end of such period, our disclosure controls and procedures
were effective to ensure that information required to be disclosed by us in reports that we file or submit
under the Exchange Act is recorded, processed, summarized and reported within the time periods
specified in the SEC’s rules and forms and is accumulated and communicated to our management,
including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions
regarding required disclosure.
Change in internal control over financial reporting — There was no material change in our internal
control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) during the year
ended December 31, 2010 that has materially affected, or is reasonably likely to materially affect, our
internal control over financial reporting.
Limitations on Effectiveness of Controls — Our management, including our Chief Executive Officer
and Chief Financial Officer, does not expect that our disclosure controls and procedures or our internal
controls will prevent all errors and all fraud. A control system, no matter how well conceived and operated,
can provide only reasonable, not absolute, assurance that the objectives of the control system are met.
Further, the design of a control system must reflect the fact that there are resource constraints, and the
benefits of controls must be considered relative to their costs. Because of the inherent limitations in all
control systems, no evaluation of controls can provide absolute assurance that all control issues and
instances of fraud, if any, within our company have been detected.
Exemption from Management’s Report on Internal Control Over Financial Reporting for 2010 — This
report does not include a report of management’s assessment regarding internal control over financial
reporting or an attestation report of our independent registered public accounting firm due to a transition
period established by rules of the SEC for newly public companies.
ITEM 9B Other Information
None.
PART III
ITEM 10 Directors, Executive Officers and Corporate Governance
The information required by this Item is incorporated by reference to our proxy statement for our 2011
Annual Meeting of Stockholders to be filed with the SEC within 120 days after the end of the year ended
December 31, 2010.
ITEM 11 Executive Compensation
The information required by this Item is incorporated by reference to our proxy statement for our 2011
Annual Meeting of Stockholders to be filed with the SEC within 120 days after the end of the year ended
December 31, 2010.
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