Legal Services Corporation

“There are no committees with the authority to act on behalf of the board.”

“The compilation of form 990 is managed by the office of financial and administrative service, under the supervision of the chief financial officer (cfo). The form is initially prepared, and a draft copy is reviewed by the director of financial services and the cfo. Additionally, the president and officers review a copy before the draft is submitted to the board of directors for their review prior to filing.”

“Lsc requires acknowledgement of receipt of the conflict of interest policy; provides training to officers, directors, and employees during onboarding and periodically thereafter; and conducts an annual process in which directors are asked to disclose any relationships that could give rise to a conflict of interest and to certify that they have no actual or potential conflicts to report. Officers, directors, and employees are also required to disclose any potential conflicts that arise in the course of business and to recuse themselves from participating in any meeting or decision related to a matter in which they may be conflicted.”

“Executive compensation at lsc is subject to statutory limits. The lsc act and annual appropriation acts authorize lsc to compensate the president and officers at a base salary not to exceed the executive schedule level v rate, plus applicable locality pay for the washington, dc metropolitan area. For calendar year 2024, the level v rate was $180,000, and locality pay was 33.26% of base salary. The president's employment contract incorporates this statutory formula. By longstanding internal policy, officer compensation is capped at 97% of the president's compensation. This policy was reviewed by lsc's independent compensation consultant, quatt & associates, and most recently approved by the board in 2024.”

“Quarterly financial statements are provided to the board of directors and the public. Annual financial statements are available for public viewing through the office of the inspector general's website and lsc's website. Governing documents and the conflict of interest policy are available on the lsc website.”