Delaware State University

“The executive leadership committee shall consist of the chair of the board, the vice chair(s) of the board, and select chairpersons of the standing committees and members at-large as may be appointed by the chair of the board. The committee shall be comprised of no more than six (6) members. The chair of the board shall preside at all meetings of the committee. A majority of the members shall constitute a quorum for the transaction of business. In any interval between the regular meetings of the board, the committee shall have the authority to act on behalf of the board of trustees when a majority of the committee deems such action necessary for the welfare of the university; provided that the committee shall not have the power to amend the bylaws, to fill vacancies or remove any member of the board or to authorize the sale, lease or encumbrance of any of the property and assets of the university. The executive committee shall report verbally and/or in written form, on its actions at the next regularly scheduled meeting of the board.”

“The president of the university and the governor of the state of delaware are trustees of the university per the bylaws. Eight trustees shall be appointed and commissioned by the governor for a term of 6 years each, to begin upon the expiration of the term of the trustee whom each is to succeed. Two such trustees shall reside in each county of the state. The governor shall fill any vacancies that occur as to appointments made by the governor.”

“The university's form 990 was prepared by an independent accounting firm in conjunction with the university's financial department. The form 990 is reviewed by the vp of finance and the controller. A copy of the form 990 is made available to the board of trustees prior to filing with the internal revenue service.”

“The university requires disclosure from officers, directors, trustees, and key employees on a continuous basis. At any time that a relationship is entered into, the member is required to inform the chairman of the board of trustees to determine whether a conflict exists. A recertification statement is also required annually. If there is reasonable cause to believe that a dsu employee has intentionally failed to disclose an actual conflict of interest the non-disclosure should be reported to human resources. If an investigation of the facts determines an actual conflict occurred and the employee intentional failed to disclose the conflict disciplinary measures will be implemented, including possible termination of employment.”

“The university undertakes a thorough process to determine all officer and key employee compensation. This process includes each board of trustee member specifically discussing performance in a special annual meeting. Evidence supports compensation along with contemporaneous substantiation of the deliberations and the decision that is made for each employee by the board of trustees. The process described here was last completed in 2022.”

“The university's financial statements are published on the university's website. The governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion.”

“Other professional fees: program service expenses 8,952,654. Management and general expenses 31,885,725. Fundraising expenses 25,810. Total expenses 40,864,189.”