Los Angeles Pacific University

“The bylaws were modified in November 2017 to limit the maximum number of Directors to eleven (11).”

“APUC has one class of members consisting of Azusa Pacific University.”

“As specified in Section 2.2 of the APUC bylaws, APUC has one class of members, Azusa Pacific University. The sole member has the right to vote on the election, removal and replacement of all directors of APUC.”

“APU, as sole member, has the authority to vote on the election, removal and replacement of all Directors of APUC, on a disposition of all or substantially all of the assets of APUC, on a merger or on a dissolution, and on any changes to the corporate form of APUC.”

“Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then forwarded to the board of directors for review prior to filing.”

“Annually, the Office of the General Counsel has all trustees, officers, and other key employees complete a conflict of interest questionnaire and the General Counsel addresses any disclosed conflicts of interest pursuant to the processes set forth in the University's Policy on Conflicts of Interest. All potential conflicts of interest by administrators, officers or trustees of the institution are brought to the attention of the Chairman of the Board of Trustees and General Counsel for resolution.”

“It is general practice to conduct market analysis using Kenexa and CUPA (College and University Profressional Association) for purposes of comparability to ensure equity for key employees with salaries exceeding $150K in addition to requiring that the board chair and CEO review and approve the compensation package. For the CEO, independent and external review is conducted upon renewal of contract with the chair and an independent board director of the APUC making the final approval of the compensation package. The deliberation and decision are documented in the board minutes.”

“The governing documents, conflict of interest policy, and financial statements are available upon request.”

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant.”