La Salle University

“The executive committee is comprised of the chair and vice-chairs of the board, the president, the brother visitor of dena, and the chairs of all the respective standing committees, all of whom are members of the governing body. The executive committee shall have and may exercise, when the board is not in session, all of the powers of the board, except for powers specifically reserved for the board. The bylaws state that the following powers shall be exercised only by the board, and may not be delegated to any committee: (i) amendment of the articles of incorporation or by-laws of the university; (ii) the purchase, sale, mortgage, lease or other disposal of the university's real property, provided that such action is authorized by the vote of a majority of the trustees then in office; (iii) the incurrence of any indebtedness or expenditure in excess of five hundred thousand dollars ($500,000.00), except as otherwise permitted by the bylaws, provided that such action is authorized by a vote of a majority of trustees attending a duly convened meeting; (iv) the authorization, adoption, and approval of the annual budget of the university; (v) approval of the university's mission statement and any amendment thereto; (vi) approval of the university's strategic plan and any amendment thereto; and (vii) the appointment of members of the faculty to the rank of professor and the admission of members of the faculty to tenure.”

“The 990 is prepared by an independent accounting firm, reviewed by management, and presented to the university's board of trustees prior to filing with the internal revenue service.”

“The university consistently monitors and enforces compliance with its written conflict of interest policy. The university requires that all board members annually sign a conflict-of-interest statement. This statement places the responsibility of expectation on each member to refrain from actions used as a means for his/her private benefit or inurement. Regarding the university's staff and employees, there is on-going training conducted by various departments. The intent of this training is to have employees understand and embrace the "la sallian" virtues and codes of conduct for all employees. The conflict of interest policy applies to members of the board of trustees, officers, key employees, and staff of the university. It is also intended to serve as a guide for all employees of the university. Disclosures by board members are directed to the president or to the board. If the president or the board determines that a conflict exists, the party with the conflict will not vote on or participate on behalf of the university in the administration of transactions where the conflict exists. All other employees are to disclose any conflicts or potential conflicts to the vice president of their respective division. Any such disclosure should then be forwarded to human resources for inclusion in the employee's personnel file. Any person unsure of a conflict may request an officer to weigh in on the matter to ascertain whether or not a conflict exists.”

“There is a compensation subcommittee of the board of trustee charged with reviewing the compensation of the president and certain senior university executives. The board has engaged an outside consultant to advise on executive compensation since 2009. This consultant has been a specialist in reviewing non-profit executive compensation since 1976. The process utilizes customized regional and national salary survey data, complies with irs and other requirements for independence, accountability, disclosure, and documentation. Consequently, our executives are compensated competitively and the trustees are secure in knowing that all regulatory requirements have been met. The consultant, alexander yaffe, will present findings and recommendations directly to the compensation subcommittee of the committee on trusteeship and governance of the board of trustees. The board will deliberate on recommendations and take into account any other relevant information and factors in determining the reasonableness of executive compensation. The last review commenced in 2022.”

“La salle university's audited financial statements are made available upon request. The governing documents and conflict of interest policy are not made available to the public.”