Chblt Subsidiary Co

“The sole member of the organization is christian h buhl legacy trust, previously known as sharon regional health services.”

“According to the organization's bylaws, the board must obtain the approval of christian h buhl legacy trust before any action on any of the following matters become final and effective: 1. Amendment of the articles of incorporation of this corporation or of the bylaws; 2. The sale, lease, or exchange of all or substantially all the property or assets of this corporation; 3. Merger or consolidation with any other corporation; 4. Dissolution of the corporation 5. Approval of an annual budget for this corporation 6. Any transfer of funds by grant, gift, or loan from this corporation; 7. Any other matters that by law would require the approval of members of a pennsylvania nonprofit corporation.”

“The form 990 is submitted for internal review by the chairman as well as the board of directors of the christian h buhl legacy trust prior to filing.”

“Conflict of interest policy: the board of directors of chblt subsidiary co. Maintains a written policy defining conflict of interests of its directors and officers. All new directors and officers are oriented on this policy. Annually, the officers and the members of the board of directors receive a copy of the policies and each director and officer completes a conflict of interest questionnaire. The chairman of the board of directors reviews all responses and consults with legal counsel. The chairman considers committee membership and recusal from discussion and votes in light of potential conflicts and board members routinely voluntarily recuse themselves even if the conflict is only perceived.”

“The organization's ceo is compensated by christian h. Buhl legacy trust, a related organization. The compensation committee of the board of directors of christian h. Buhl legacy trust reviews and recommends the compensation of the officers and the board of directors approves these recommendations annually. The compensation committee is composed of members who have no interest with the officers. The compensation committee retains an independent consultant to review market data and establish compensation ranges for each officer in comparison with similar positions at similar sized hospitals and health systems. The compensation committee annually reviews the performance of the chief executive officer and accepts the performance reviews conducted by the chief executive officer of other officers. The medical group management association (mgma) comparisons are used for benchmarking the physicians salaries.”

“All documents of the organization are distributed upon request, as required by law.”