Coalition for the Common Good

“In Article IV of the Board of Governors by-laws, section 4.4 states: Authorization for the Executive Committee to Act on Behalf of the Board of Governors. When certain matters ordinarily appropriate for subsequent action by the Board of Governors may be deemed to be appropriate by the Board to be delegated to its Executive Committee on behalf of the Board of Governors, the Board may formally provide such advance authorization by formal action, the terms of which shall be recorded in the minutes of the meeting of the Board of Governors. The Executive Committee shall consist of the following ex-officio members: the Chair of the Board of Governors who shall also serve as its chair, Vice Chair of the Board of Governors, Board Treasurer, the chairs of all standing committees other than those chaired by the Board Vice Chair or Board Treasurer, and Chancellor (without vote). They each shall serve on the Committee as long as they hold their respective leadership positions. Additionally, at least one at-large member shall be nominated annually by the Governance Committee for a renewable one-year term for election by the Board of Governors. Such person shall not serve for more than two consecutive years as the at-large member of the Executive Committee.”

“The three Information Technology Director positions are filled by employees of Ellucian as a part of the service contract the University has entered into with that organization.”

“The Bylaws were amended to establish the Compensation Committee as a standing committee of the Board of Governors. Additionally, references to "Board Treasurer" were deleted in order to conform to amendments made in February 2014, when the Board of Governors resolved to remove the volunteer board office of Treasurer.”

“The Form 990 was reviewed by management and a copy was provided to the full Board of Governors ("BOG"). Questions from the BOG were reviewed and discussed by the Audit Committee with management prior to filing of the Form 990.”

“The University Conflict of Interest policy is reviewed annually by each officer and member of the Board of Governors (as well as local campus Board of Trustees). Each individual signs a form annually confirming they have reviewed and understand the policy and disclosing any conflicts they may have. The Board of Governor's annually reviews these forms and approves a resolution stating that all officers and board members have submitted their form. If any conflicts are noted, the board will review the relationship and transaction and determine if further action is necessary. Each time a significant new contract is entered into outside of the annual disclosure period, the Board of Governors is questioned as to whether any conflict of interests exists. Management also does an assessment of any possible conflicts, as well, at this time. When a conflict may arise, depending on the circumstance, the member may either need to recuse him/herself during discussions of the conflicted activity, or they may be asked to resign.”

“The Compensation Committee made up of independent members of the Executive Committee. They review industry data from several reputable sources. These sources included survey data of dozens of industry peers. In addition, the Committee would take into consideration the financial health of the institution and the increases provided to other key employees within the University. The Committee held discussions and ultimately voted upon the compensation provided to the Chancellor for the following year. The process was documented. For other officers and key employees, the Chancellor reviews industry data for comparable institutions. In addition, performance evaluations were completed. A compensation recommendation for these employees is based on this data, which is provided by the Chancellor to the Executive Committee who then votes on the final compensation. The process was documented.”

“The University's governing documents are made available to the public at the University's website http://www.antioch.edu/policies/. The financial statements are available on the University's website.”

“Change in fair value of interest rate swaps 82,633. Postretirement changes other than net periodic postretirement cost -142,577.”