St Norbert College Inc

“Membership: the executive committee shall have a minimum of nine (9) members, all of whom shall be trustees. Three (3) members shall be members of the norbertine order. All committee chairs shall be members of the executive committee by virtue of the office. Trustees who are not currently serving as committee chairs can be added to the membership of the executive committee at the discretion of the board chair and the college's president. Authority: between meetings of the board of trustees, the executive committee shall have general supervision of the administration and property of the college, except that, unless specifically empowered by the board of trustees to do so, it may not take any action inconsistent with a prior act of the board of trustees, approve the operating budget, award degrees, remove or appoint the president of the college, or any member of the board of trustees, or take any action which has been reserved for the board to the exclusion of the executive committee.”

“The sole member of the organization is the nonprofit corporation, premonstratensian fathers.”

“The premonstratensian father, sole member, have the power to appoint and remove members of the board of trustees.”

“Certain major decision, such as debt facilities, presidential appointments, dissolution of the organization, approval of budgets, etc. Must be approved by the premonstratensian fathers as listed in the organization's by-laws.”

“The audit committee reviews and recommends to the board of trustees approval of the annual irs form 990.”

“The organization regularly monitors and enforces compliance with the policy. Employees must complete a "conflict disclosure statement" at the time of hire and in september of each year thereafter and return the statements to the vice president of business and finance. By-laws require trustee members to disclose any potential conflicts. Every trustee is required to complete a "conflict disclosure statement" upon their assignment to the board. No trustee shall vote on any matter, under consideration at a board or committee meeting in which such trustee has a conflict of interest. The minutes of such meeting shall reflect that a disclosure was made and that the trustee having a conflict of interest abstained from voting.”

“Using cupa data for comparable organizations as a guide, the compensation for the president is determined by the compensation committee of the board of trustees of the college, consisting of the chairman of the board, the vice chairman of the board and the chairman of the finance committee in consultation with the vice president for business and finance/cfo. Compensation for the college's officers uses cupa data as a guide for comparable positions at similarly situated organizations. Final approval must be secured from the president of the college in consultation with vice president for business and finance/cfo. The college's compensation plan is approved as a part of the budget by the governing body (the finance committee and the board of trustees and by the order) and compensation calculations are documented and records are retained in human resources. This process was last reviewed in 2023.”

“We provide the st. Norbert college form 990 upon request.”

“No documents other than the 990 are made available to the public.”

“Change in fair value of interest rate swap 154,884.”

“The process for selection of an indepdendent accountant has not changed from prior year.”