The Memorial Hospital at North Conway

“The sole member of the organization is mainehealth (ein 01-0431680).”

“The sole member of the organization elects the trustees of the organization”

“Decisions of the govening body such as budgets, business and marketing strategic plans, significant financial commitments, amendments to the articles of incorporation , and election of the president/ceo among other decisions, are subject to approval by mainehealth (ein 01-0431680).”

“Highlights of the 990 are reviewed with the governance committee of the board of directors. The 990 is reviewed in detail by the senior director of finance and made available to the full board of directors prior to filing.”

“Conflict of interest declaration forms are submitted in january by members of the board of trustees and are shared with the full board for information purposes and reviewed in depth by the governance committee. It is the member's responsibility to notify the board of any conflicts that they become aware of and to recuse themselves from discussions and votes on the issue.”

“The process followed for determining compensation of the ceo and other key administrative employees compensated by this or other related organization is a formal process performed annually by the executive committee of the board of directors. A related organization uses an outside firm, sullivan cotter, to perform an independent benchmark analysis for the ceo of memorial hospital, along with other executives in the mainehealth system. The firm meets with the executive committee to review each executive's benchmark report. The committee then deliberates on mainehealth's written salary and incentive plan philosophy before making a final decision. All decisions and meetings are captured in minutes and there are appropriate approvals at all levels.”

“At the time of hire the compensation department utilizes market data to provide an accurate, competitive and appropriate offer. Annual merit increases are determined by the ceo, subject to guidelines established on a system wide basis.”

“Documents that are required to be open for public inspection are made available upon request.”

“Purchased services 3,460,132 228,860 0 contract services 3,949,923 261,256 0 lab services 529,136 0 0 consultants 103,968 6,877 0 physician recruitment 43,983 0 0 total 8,087,142 496,993 0”

“Transfer from mainehealth 134,539”