Saint Joseph'S University

“Following review by management, general counsel and approval by the finance and audit committee of the board of trustees, the form 990 is provided to the full board prior to filing for trustee's review, comment, input, and questions, if any. In addition, the executive committee of the board has reviewed, separately, schedule j prior to its filing.”

“Sju has a business conduct and conflict of interest policy ('policy'), as amended from time to time, which sets forth sju's policies and procedures regarding managing, reducing or eliminating conflicts of interest as defined in the policy. The policy applies to board members and all employees, including officers, faculty and key employees ('covered persons'). Covered persons annually receive a copy of the policy and a conflict of interest disclosure statement ('statement') for completion including, in particular, disclosure of financial interests or other reportable circumstances or relationships, including the covered person's related parties, as described in the policy. The statement of trustees and the president are summarized for the chairperson of the finance & audit committee and reviewed and maintained by the office of general counsel. The statement of all other officers (vice presidents, corporate secretary and treasurer), faculty, key employees, and employees are directed to, then reviewed and maintained by the general counsel, with a summary of all disclosed conflicts of interest provided to the chairperson of the finance & audit committee, the president and to the chairperson of the board for presentation, as appropriate, to either the executive committee of the board, or to the full board. Individuals determined to have a potential conflict of interest are to refrain from participation in consideration of the applicable matter, and may not vote or be present for the vote on such matter. Copies of the statements of the trustees are maintained by the board secretary or the office of the general counsel as part of the university's corporate books and records. A copy of the statements of officers, faculty, key employees and employees are also be maintained in the university files and made available for review by general counsel and the finance & audit committee, with follow-up as needed. Information disclosed by covered persons are held in confidence and only available to those officers of the university with a business need to know such information, and when the best interest of the university would be served, and are disclosed to and/or available to the board of trustees, upon request or when deemed required or appropriate by the president, chair of the finance & audit committee or treasurer/cfo, in consultation with the general counsel.”

“President: only independent members of the executive committee of the board who have no personal interest in any executive compensation arrangement with the university, annually review and approve, based on a review of appropriate comparability data, the compensation that is paid to the president (who also serves as an ex officio member of the executive committee, but is recused for this review and approval). Officers and provost: the president, based on a review of appropriate comparability data, decides the compensation to be paid to the provost & vice president for academic affairs, cfo & treasurer, and general counsel, which decisions regarding compensation and material terms of employment are reviewed and approved by the executive committee. The executive committee documents the basis for its determinations regarding the compensation of the president and its review and approval of the president's decisions regarding the compensation of the officers and provost. Senior leaders: the president, based on a review of relevant comparability compensation data, decides the compensation to be paid to all other senior leaders, which decisions regarding compensation and material terms of employment are reviewed by the executive committee.”

“The by-laws are available to all trustees at any time and from the university upon request when deemed appropriate by the board of trustees, in consultation with the general counsel, and in response to legal process. Other institutional policies (e.g., whistleblower policy, policy prohibiting bias, discrimination, harassment and sexual misconduct) are either posted on the sju internet website or on the internal websites. Requests for financial information will be evaluated on an individual basis and information will be provided as appropriate or as required by legal process.”

“The average hours per week listed in this section are a minimum.”

“Impairment loss on assets held for sale -155,292,066.”