Gbc Health Inc

“This is an organization with members.”

“The delaware general corporation law, which is the law under which gbchealth was incorporated, was amended effective august 1, 2010. As a result of these amendments, gbchealth, as a delaware non-stock, not-for-profit corporation, is now required to have one or more members with voting rights. These voting rights include the right to elect directors and approve fundamental corporate changes (i.e., the merger or dissolution of gbchealth). Members of a non-stock, not-for-profit corporation are analogous to shareholders of a for-profit stock corporation, except that members do not have an ownership interest in gbchealth. In light of these new requirements, gbchealth implemented a membership structure under which all of gbchealth's directors will also serve as gbchealth's members. This structure will not impose any additional fiduciary liability on gbchealth directors as a member is not a fiduciary of gbchealth.”

“The audit committee is sent a copy of the 990 via email prior to the filing deadline, and their confirmation of review is requested. The chair of the audit committee, or their committee designee, sends the 990 to the full board of directors within one week of receiving the committee review confirmations. The board of directors is not asked to approve the document, but to affirm their review of it and be notified that the committee has confirmed its filing.”

“Board members and senior management are required to sign the conflict of interest statement and the relationship question is posed along with a list of vendors on an annual basis.”

“Compensation of the president is determined by 1) researching data and surveys on comparable positions, 2) review by board members and 3) email confirmation of and review of offer letter.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“In 2015, gbchealth evaluated feasibility of a new program, the health credit exchange, to further its mission and continue to increase and leverage the business sector resources and expertise to address global health challenges. Similarly to other gbchealth programs, the hcx was designed to provide a vehicle for companies to contribute greater resources, collaborate better within industries and across sectors, align programs with national and global health strategies, and maximize impact on the ground.”

“Program management: program service expenses 203,341. Management and general expenses 0. Fundraising expenses 0. Total expenses 203,341. Other: program service expenses 14,907. Management and general expenses 37,163. Fundraising expenses 0. Total expenses 52,070.”

“Gbchealth works with many of the most prestigious companies in key global industry segments and also enjoys strong relationships with the us government and several un-affiliated institutions, including the un special envoy's office for financing the health mdgs and for malaria. In addition, gbchealth serves as the focal point for the private sector delegation to the global fund to fight aids, tuberculosis and malaria ("gfatm") as well as the roll back malaria partnership and also the secretariat for the corporate alliance for malaria in africa ("cama"). In a typical year, gbchealth will lead or participate in some or all of the following activities: development of health-related corporate workplace policies; identifying and brokering public-private partnerships between business and under-resourced governments and communities; fostering private sector collaboration with the un and its global development priorities; hosting corporate dialogue and strategy sessions; researching and publicizing case studies and best practices; sharing status of public health issues in the global business community and stimulating dialogue through expert-driven event panels, teleconferences, and publications; providing global forums for thought leaders in business to interact and generate progressive ideas and solutions.”