Gannon University

“The Bishop of the Roman Catholic Diocese of Erie has the sole and exclusive power and authority to approve nominations to the Board of Trustees, and to the offices of the Vice Chairperson and Secretary.”

“The Bishop of the Roman Catholic Diocese of Erie has the sole and exclusive power and authority to: Establish the mission and philosophy according to which the University operates. The doctrinal and moral holdings of the Catholic faith as enunciated by the teaching office of the Church, the Magisterium, are the philosophy by which the mission of the university as well as of its Catholic identity shall be preserved; Amend the Corporate Charter and Bylaws; Approve nominations to the Board of Trustees, and to the offices of Vice Chairperson and Secretary; Lease or sell corporate assets in excess of $100,000 or encumber corporate assets with liens of more than $100,000; Merge or dissolve the corporation.”

“A copy of Form 990 is provided to all members of the Board of Trustees and management before it is filed. The Audit Subcommittee of the Board of Trustees is delegated the responsibility of review of the Form 990 before it is filed. The University's independent audit firm (Baker Tilly Advisory Group, LP.) also reviews the form.”

“Gannon has two conflict of interest policies: one for members of the Board of Trustees and one for employees. Each Board Member is required to complete a conflict-of-interest form at the September Board meeting. These are gathered by the President's Office. The Risk Management Coordinator analyzes the disclosures made with the assistance of the Controller and Vice President for Finance and Campus Operations and prepares a summary of any relationships disclosed. Family and business relationships are stated in the policy as sources of potential conflicts. All employees are required to sign a conflict-of-interest form upon hire. If any relationships are disclosed a copy of the form is sent to be analyzed by the Risk Management Coordinator. Key employees are required to complete and update the form annually. In May of each year, the list of key employees is analyzed and updated as necessary by the Risk Management Coordinator with the assistance of the Vice President for Finance and Campus Operations. In December of each year, the forms are sent to the individuals identified as key employees. The completed forms are then analyzed by the Risk Management Coordinator, Controller and Vice President for Finance and Campus Operations and a summary is prepared of any relationships disclosed. Both summaries are then presented to the Audit Subcommittee of the Board of Trustees at the February meeting. If Board of Trustees members report a relationship conflict, they would recuse themselves from decisions related to those transactions.”

“The Evaluation/Executive Compensation Committee of the Board of Trustees meets regularly to consider compensation packages of the President and Vice Presidents and to approve any changes to current written employment contracts. The Committee reviews the compensation surveys, comparable industry compensation data, and 990's from comparable institutions. As it relates to the President, the Committee engages an independent consultant. The methods used are to assure that compensation is within fair market value for the industry. Minutes are kept for Committee meetings.”

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