Shannon Real Estate Services

“Shannon medical center engaged gallagher to perform an executive compensation review in october 2022 which covered all executive salaries. Executive compensation is reviewed annually by the board of trustees' operations committee, which consults comparability data and keeps contemporaneous records of its decisions.”

“Shannon medical center engaged gallagher to perform an executive compensation review in october 2022 which covered all executive salaries. Executive compensation is reviewed annually by the board of trustees' operations committee, which consults comparability data and keeps contemporaneous records of its decisions.”

“Shannon health system is the sole member of the corporation as established in the articles of incorporation.”

“Per the corporation bylaws, the corporation shall have a board of directors, and the number of board of directors shall always be no less than three. Shannon health system, the sole member of the corporation, shall have full voting rights for all purposes under the act and such other rights as are set forth in the articles of incorporation. All directors of the board are appointed by the member and may be removed at the member's discretion.”

“Shannon health system, the sole member of the corporation, has the power to approve the annual budgets, approve the purchase, sale or mortgage of property, undertake mergers or acquisitions and approve the alteration of the bylaws.”

“The organization engages an outside accounting firm to prepare the form 990. Once prepared, the form is reviewed by the organization's internal accountants prior to filing. A copy will be made available to the finance committee and board before filing.”

“Regularly audit for conflict of interest statements in the employee records. Procedures for monitoring: 1. Within 90 days of becoming an affected individual, that individual must review this policy and complete an smc conflict of interest disclosure form. 2. At least annually thereafter, affected individuals must review this policy and complete a conflict of interest disclosure form. 3. The conflict of interest disclosure form should be sent to the board. 4. At anytime when an actual, potential, or perceived conflict of interest arises, the affected individual must revise his or her conflict of interest disclosure form and contact the board. The responsibility to promptly report such actual or potential conflicts rests with the affected individual. 5. The board will review disclosures and determine which require further action with the general counsel and appropriate executive staff.”

“Copies of governing documents, conflict of interest policies, and financial statements are provided to the public upon request.”

“Transfer from shannon medical center - 58793258; transfer from shannon clinic - 33230; transfer to shannon medical management - -8387600; transfer to shannon business services - -490663;”