The Hospital for Special Surgery Fund Inc

“The hospital for special surgery fund, inc. Also does business under assumed names "hss foundation"hospital for special surgery foundation".”

“The Form 990 is prepared by the management and reviewed by an outside independent accounting firm. Prior to submitting the Form 990 to the Internal Revenue Service (IRS), there is an established process for review of the document in its entirety by the governing body whose evaluations are made in the best interest of HSS Fund, Inc. The Form 990 is first reviewed with the Executive Compensation Committee of the Board of Trustees. The reviewed Form 990 is then submitted to the full Board of Trustees. The trustees are provided a copy of the Form 990 prior to submission of the form. In addition, significant areas of Form 990 are discussed at Board of Trustees meeting.”

“On an annual basis, interest disclosure statements are sent to all board members, officers, medical staff, management, fellows, residents, research professional staff, irb members, and other designated groups. Our conflict of interest and commitment policy also requires that any covered person, including members of the hss medical staff must provide prior notice to compliance before beginning any activity or significantly modifying the terms of any existing outside professional activity, where the covered person has a financial interest valued in excess of $5,000 or equity interests of indeterminate value. Disclosures may be made through hss' online reporting platform, mydisclosures or directly to compliance. The reported interests are reviewed by the executive vice president for legal affairs, the chief executive officer, and the audit and corporate compliance committee of the board of trustees. Summary information is provided to service chiefs, as requested, so that they are aware of the financial interests of the medical staff within their specialty. In addition to sending disclosure statements directly to the group noted above, industry websites are monitored for disclosures related to employees of hss fund, inc. This information is entered into the database, as well. Hss fund, inc. Has a conflict of interest committee that meets at least three times a year, or as necessary and is charged with adjudicating complex conflicts of interest and commitment, developing and adopting reasonable and appropriate conflict management plans and serving as a policy advisory to the hss board of trustees and hss executive leadership.”

“HSS Fund, Inc. is committed to ensuring that its Executive Compensation Program adheres to the highest standards of regulatory compliance and best corporate governance. The HSS Fund, Inc. Board has charged the Compensation Committee (which is composed of independent Board members with no conflicts of interest in regard to executive compensation) with making all decisions related to compensation for officers and key employees. The Committee retains an independent compensation consultant to assist it in this process. Compensation levels are established considering data for functionally comparable roles in comparable organizations, an assessment of performance, and other business judgment factors, consistent with HSS Fund, Inc.'s executive compensation philosophy. ALL COMPENSATION DECISIONS ARE CAREFULLY DOCUMENTED IN MINUTES ON A REGULAR AND TIMELY BASIS. The Committee's decisions are made in the best interests of HSS Fund, Inc., and are intended to ensure the recruitment and retention of key executive talent, consistent with the market practices of other not-for-profit health care organizations of comparable mission and complexity, CONSIDERING BOTH LOCAL AND NATIONAL MARKET CHALLENGES IN SUCH REGARD. On an annual basis (including 2024), the Committee provides the full Board with an overview of its determinations and process. HSS Fund, Inc. established this process in an effort to comply with the intermediate sanctions guidelines for qualifying for the rebuttable presumption of reasonableness, AS WELL AS SUPPORT BEST CORPORATE GOVERNANCE PRACTICES IN ENSURING THE TRANSPARENCY OF THE EXECUTIVE COMPENSATION DECISION-MAKING PROCESS WITH THE BOARD.”

“Hss fund, inc. Makes its governing documents, conflict of interest policy and financial statements available to the general public upon request from the office of legal affairs.”

“INCLUDES ($3,500,000) in Equity Transfer to Hospital for Special Surgery.”