Legacy Charter School Co Dentons

“The school was founded by the law firm sonnenschein nath and rosenthal llp, now known as dentons. Numerous directors on the school's board are employed by or partners of dentons and may be clients of dentons. Dentons contributes administrative, accounting, and technology services to the school.”

“Amendment to the bylaws were as follows: number and qualification: the number of directors shall be at least 13 and not more than 18. The number of directors may be fixed or changed from time to time, within the minimum and maximum, by the directors without further amendment to the bylaws. Directors need not be residents of illinois. Chair authority: the chair shall be the principal executive officer of the corporation, subject to the direction and control of the board of directors and be in charge of the business and affairs of the corporation. The chair may sign any deeds, mortgages, bonds, contracts, or other instruments which the board of directors authorizes to be executed, except in cases where the signing execution thereof shall be expressly delegated by the board of directors or by these bylaws or by statute to some other officer or agent of the coproration.”

“There are no committees with the authority to act on behalf of the governing body.”

“The school's cpa firm assists in the preparation of form 990. A draft copy is reviewed by the board treasurer. An electronic version of form 990 is provided to board members for review prior to filing.”

“The conflict of interest policy is given to board members yearly and a conflict of interest policy is also included in the personnel handbook given out at the start of each school year.”

“Annual salaries and changes to annual salaries are determined by the board on a yearly basis. A variety of information is used to determine appropriate compensation levels. For existing employees, the board approves a percentage annual increase, based on cost of living increases, salary increases at other peer schools, and importantly on the increase/decrease of funding from cps. Deliberation is substantiated in the board minutes. For new hires, the board establishes a general framework based on the board-approved employee handbook, board-approved benefits available, and compensation for comparable positions/employees wihtin the school but delegates responsibility for individual compensation negotiations to the principal and director of finance and operations.”

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