Polk Medical Center Inc

“Floyd healthcare management, inc. (fhmi) is the sole member of the organization.”

“Floyd healthcare management, inc. (fhmi), a related organization, has the power to appoint eleven of the twelve member governing body while the president/ceo of fhmi is the final member of the board.”

“Prior approval of fhmi is required for any of the following actions: dissolution; sale, merger or disposition; adoption of capital or operating budgets; select or remove the administrator; incur indebtedness in excess of $1,000,000; take any action on the lease or contract between the corporation and cedartown-polk county hospital authority; amend the corporate articles of incorporation or bylaws.”

“The filing organization's board of directors receives copies of the form 990 with sufficient time to permit review, comment, and questions prior to its filing. If modifications are required following such review and comment, the revised form 990 is redistributed to all directors prior to its filing with the irs, along with a report noting the modifications.”

“The organization requires its officers, directors, and key employees to annually review the conflict of interest policy and determine any potential conflicts of interest. Any potential conflicts noted in the questionnaire are reviewed by a standing committee for appropriate resolution. All members of the board of directors are required to determine and report annually, and as they arise, any potential conflicts of interest to the secretary of the board of directors. The resolution of potential and actual conflicts is subject to the approval of the chair of the board.”

“The organization's ceo & president and one director are compensated by charlotte mecklenburg hospital authority (cmha), a related organization. The organization's other officers, directors, and key employees are compensated by the filing organization and the determination of the compensation of such individuals is conducted via the process utilized by the floyd healthcare management (fhmi) board, as follows: the advocate health compensation and benefits committee ("the committee") of the advocate health, inc. Board of directors ("the board") has authority as the board delegates to it, for the review and approval of executive compensation. The committee relies upon an external, independent compensation consultant retained directly by the committee to provide third-party compensation comparability data for evaluating the competitiveness and reasonableness of executive compensation and benefits programs relative to market practices for similarly situated healthcare organizations. In evaluating compensation, the committee follows corporate governance best practice such as adherence to the company's executive compensation philosophy and review processes; processes to ensure committee member and compensation consultant independence; data from healthcare organizations of comparable size, structure, and complexity; and establishment of the rebuttable presumption of reasonableness, per irs guidelines. Minutes of the deliberations of the committee are maintained in the advocate health, inc. Legal department.”

“The organization's articles of incorporation are available to the public on request. The organization's bylaws are not published, but provisions from the bylaws are included as necessary in the organization's policies and are attached to the form 1023 filed for the organization with the irs, which is publicly available. The conflict of interest policy and financial statements are available to the public on request.”