Loma Linda University Faculty Pharmacy

“Family relationships may exist among other officer's, director's, or key employees of other related organzations. The nature of the business relationship is employment.”

“Delegation is governed by the by-laws of the corporation and administered thereof.”

“The corporate membership of loma linda university faculty pharmacy (llufp), pursuant to section 9310 of the california nonprofit religious corporation law, shall be loma linda university medical center (llumc), a california nonprofit religious corporation, acting through its board of trustees, meeting as the "membership or its executive committees to the extent specifically provided herein. The corporation shall have two (2) classes of members, which shall be designated as "class a members and "class b members". There shall be only one (1) class a member of this corporation, which shall be llumc. There shall be two (2) class b members, whose rights and interests shall be equal.”

“The power reserved to the class b member which shall be exercised by unanimous consent shall be: 1) the appointment of the board of directors. 2) the removal of any and all directors with or without cause.”

“The powers reserved for the class a member, which shall only be exercised by the board upon a majority vote of its trustees present and voting at a regular or special membership meeting whenever a quorum is present, are to: 1) approve or ratify all changes to the articles of incorporation or bylaws of llufp, as the member. All such changes to the articles of incorporation or bylaws shall be initiated by the board of llufp. 2) establish guidelines for the borrowing of funds by llufp. 3) approve any significant change in the corporate purpose of llufp. 4) approve any merger, consolidation, dissolution or sale of llufp. 5) approve any exceptions to the guidelines for the borrowing of funds by llufp. 6) review the annual audited financial statements of llufp. 7) receive the annual budgets of llufp. 8) require llufp to establish contracting guidelines. 9) require llufp to have a compliance program. If the membership does not give approval or ratification of an item under this article vii, then the item will be returned to the llufp board of directors for reconsideration before resubmission.”

“This form 990 is reviewed by internal audit and management and is made available to the audit committee and the board for review and comment before filing.”

“General counsel annually obtains statements of disclosure from trustees, officers, administrators, key employees, and others who make or affect significant decisions and reviews the findings with appropriate boards and committees. The board of trustees makes the decisions regarding questions which have not been satisfactorily answered after administrative consideration.”

“Lluh, llu faculty pharmacy's parent organization, employs an independent outside consulting firm to benchmark compensation for lluh employees. Llu faculty pharmacy's ceo and cfo are employed by lluh. The lluh executive compensation committee uses the results of the independent survey to establish pay scales for the next fiscal year. The executive compensation committee sets the total compensation below the industry mean and median amounts provided in the survey. The executive compensation committee is composed of trustees appointed by the lluh board who are independent of lluh's management. The executive compensation committee is appointed by the lluh board of trustees to have direct responsibility for establishing compensation, policies, and benefits for the senior executives of lluh. The committee's process includes contemporaneous substantiation of deliberations and decisions. This process was last undertaken in december of 2019 for all officers of loma linda university faculty pharmacy.”

“The irs form 990 is available on www.guidestar.com, and also may be obtained by making a request to the cfo at 11234 anderson st., loma linda, ca 92354.”

“Llu faculty pharmacy will make its governing documents and conflict of interest policy available to the public upon request and in accordance with irs guidelines. The conflict of interest policy is posted on the organization's internal website for employees. The financial statements are included in the irs form 990 which is available to the public upon request.”