Physicians Practice Group

“The sole member of auma is au health system inc, a nonprofit corporation organized exclusively for charitable, scientific literary and/or educational purposes. The member has the authority to 1) review and approve all proposed capital and operating budgets for auma and expenditures in excess of $2m, when such expenditure has not been included in a budget previously approved; 2) review and approve any proposed acquisition or sale by auma of any physical facility or other real property which involves an expenditure in excess of $1m; 3) review and approve any proposed development plan or any proposed contract for the design, construction, alteration, or renovation of any physical facility of auma where such plan, design, construction, alteration or renovation would require an expenditure in excess of $1m; 4) review and approve any transaction pursuant to which auma would incur new debt in excess of $2m.”

“The member has the authority to appoint individuals from among the full-time and interim chairpersons of clinical departments of mcg to serve as members of the board of directors, and appoint (4) delegate directors from the delegate slate or the alternative delegate slate presented to the member by the delegates.”

“The member has the authority to 1) review and approve all proposed capital and operating budgets for auma and expenditures in excess of $2m, when such expenditure has not been included in a budget previously approved; 2) review and approve any proposed acquisition or sale by auma of any physical facility or other real property which involves an expenditure in excess of $1m; 3) review and approve any proposed development plan or any proposed contract for the design, construction, alteration, or renovation of any physical facility of auma where such plan, design, construction, alteration or renovation would require an expenditure in excess of $1m; 4) review and approve any transaction pursuant to which auma would incur new debt in excess of $2m.”

“The form 990 is reviewed in detail first by management and then at a higher level by the ways and means committee, a committee of the board charged in the by laws to oversee the financial operations of the foundation. The finance and budget committee makes a report concerning its review to the board of trustees.”

“Conflict of interest forms are completed by all trustees, directors, officers, key employees and other members of management or individuals with signature authority to expend funds of auma. The forms are reviewed for conflicts by the chief integrity officer, and if conflicts exist, processes are put in place to ensure the individual with the conflict is not allowed to make decisions on behalf of the organization when the conflict is involved.”

“The organization's compensation committee, which is comprised of individuals with no conflicts of interest with respect to the ceo and officers' salaries, reviews the salary at risk component of the organization's ceo, coo and cfo. Independent data is used to evaluate total salary and minutes of the meeting are kept. In addition, compensation consultants sullivan cotter participated in the review of the ceo's total compensation.”

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