Foundation for Physical Therapy Research Inc.

“The executive committee shall have all of the authority of the board of trustees in the management of the foundation, but it shall not have (i) authority to elect, appoint, or remove any trustee or any non-trustee officer or (ii) any other authority denied to the executive committee by the new york not-for-profit corporation act or other applicable law. The executive committee shall function, in its discretion, between meetings of the board of trustees.”

“American physical therapy association: personnel from american physical therapy association have a role in the management of the foundation for physical therapy.”

“Any change to the foundation's governing documents is required to be ratified by the board of directors for the american physical therapy association. The proposed trustee candidate list requires approval by the board of directors for the american physical therapy association.”

“The form 990 of foundation for physical therapy research is made available to the governing body (board of trustees) for review prior to filing with the internal revenue services.”

“The president opens each board meeting with a reminder of our conflict of interest (coi) policy and that anyone with a conflict or perceived conflict should state it at any time during the meeting. When a conflict is identified by the trustee or another member of the board of trustees (bot), the trustees determine if they should refrain from the conversation and voting or if they determine there is no coi. The foundation also has trustees fill out a coi form at the start of each new term and annually the chair of the audit committee contacts trustees to see if they have any changes that should be noted, if they do, they fill out or update their coi form. The audit committee annually reviews new coi forms. Any possible conflict of interest on the part of any member of the board of trustees, officer, or employee of the foundation, shall be disclosed in writing to the board and made a matter of record through an annual procedure and when the interest involves a specific issue before the board. Following full disclosure of a possible conflict of interest, the board of directors shall determine whether a conflict of interest exists and, if so, the board shall vote to authorize or reject the transaction or take any other action deemed necessary to address the conflict and protect the foundations best interests. Both votes shall be by a majority vote without counting the vote of any interested director, even if the disinterested directors are less than a quorum provided that at least one consenting director is disinterested. The minutes of the meeting shall reflect that a disclosure was made, the abstention from voting, and the actual vote itself. Every new member of the board will be advised of this policy upon entering the duties of his or her office, and shall sign a statement acknowledging, understanding of, and agreement to this policy.”

“The chief executive officer's compensation is determined in conjunction with the foundation's executive committee and with the american physical therapy association. The chief executive officer's compensation must be in a range that is consistent with other employees of the american physical therpay association, however, the foundation's executive committee sets the compensation within the allowable range. The chief executive officer's compensation is evaluated annually. The foundation for physical therapy research works with the american physical therapy association human resources to determine other key employees compensation and the board approves the overall salaries in the annual budget.”

“The audited financial statements are available on the foundation's website. Copies of the governing documents, conflict of interest policy, and financial statements are available to the public by request.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”