Delaware Valley College of Science and Agriculture

“The membership of the executive committee shall consist of seven (7) trustees: the board chair; the vice board chair, the secretary; the treasurer; and three (3) at-large trustees as elected by the board. The president is an ex-officio, non-voting member of the executive committee. Other than the president, the executive committee shall not have any members that are not also voting trustees. The executive committee shall exercise the powers of the board in relation to matters that arise when the board is not in session or when it is not practical or feasible for the board to meet. The executive committee is delegated the authority to act as the full board when exercising the powers and authority under the committee's charter, subject to the limitations below or listed in the articles of incorporation, as amended, supplemented or restated, these bylaws and applicable law. The executive committee shall be responsible to gather data to inform the board on compensation and evaluation of the president, to make recommendations as to any changes in the president's compensation, benefits, and/or contract.”

“THE FORM 990 IS REVIEWED IN DETAIL BY MANAGEMENT OF THE UNIVERSITY INCLUDING THE ASsociate VP OF FINANCE AND THE VP OF FINANCE AND ADMINISTRATION. THE 990 IS THEN REVIEWED BY THE Audit/Risk Management Committee OF THE BOARD AND MADE AVAILABLE TO THE ENTIRE BOARD OF TRUSTEES PRIOR TO SUBMISSION TO THE IRS.”

“The conflict of interest surveys are completed annually by the board of trustees and delaware valley university staff. These surveys are reviewed by senior management to determine if there is any potential conflict of interest. In connection with any actual or possible conflict of interest by the board of directors and officers, an interested person must disclose the existence of his or her financial interest and must be given the opportunity to disclose all material facts to the directors and members of committees with board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. If an employee has a vested interest in a firm that is doing business with the university, the employee must report the interest to the president and must not represent the university in transactions between the firm and the university. No employee can accept employment in any organization which conducts business with the university or is a university competitor. Faculty who teach part time at other educational institutions are not considered in violation of this policy. Violation of this policy will result in disciplinary action, up to and including discharge.”

“The board of trustees engages a compensation consultant as needed to assess salary levels for the president's position. The most recent consultant was engaged in fiscal year 2014. Oversight of the evaluation process and salary actions are overseen by the executive committee of the board, which includes the chair, vice chair, treasurer, secretary and three at large members of the board. Compensation for other officers and key employees are grouped with all other employees when determining compensation. The board of trustees approves all employee compensation and salary increases as part of the annual budget process. The review and approval process is documented via minutes of the board of trustees and/or minutes from the executive committee.”

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

“Our historical commitment to experiential learning integrates theory and practice and prepares undergraduate and graduate students to meet the challenges of a complex global environment and to engage in lifelong learning. We provide students with the requisite skills and a spirit of inquiry that enrich and inform their lives, prepare them to pursue meaningful careers, and fulfill societal, community and family responsibilities.”