Lynn University Inc.

“Delegate broad authority to a committee: the executive committee shall have a minimum of three members, all of whom shall be members of the board. Between meetings of the board, the executive committee shall have general supervision of the administration and property of the corporation except that, unless specifically empowered by the board to do so, it may not take any action inconsistent with a prior act of the board of trustees, award degrees, alter these by-laws, locate permanent buildings on tax-exempt property held for the corporation's purposes, remove or appoint the president of the corporation, or take any action which has been reserved for the board.”

“Family/business relationships amongst interested persons christine lynn and jan carlsson - family relationship”

“Form 990 review process: a draft of form 990 is reviewed by an independent tax advisor using audited financial statements and other information provided by university management. The draft is then reviewed by the cfo and controller with revisions incorporated into a revised draft. The updated draft is presented to the audit committee, then posted to the board portal prior to filing.”

“Each year, all officers, directors, trustees and key employees are required to sign a disclosure letter detailing any relationships or business transactions where a potential conflict might exist. These disclosures are reviewed by the cfo. In the event of a conflict of interest, or the appearance of any such conflict, it is incumbent upon the relevant board member(s) or director(s) to notify the board of the conflict and recuse themselves from participation in the discussion and vote regarding any related issues or transactions.”

“Compensation review process: the lynn university board of trustees engaged compensation and benefits experts to develop a reasonable executive compensation strategy to encourage retention and incentivize the achievement of key milestones in the university's strategic plan. The executive compensation strategy includes a comprehensive review of the entire compensation package, which includes base salary, incentive and deferred compensation, retirement plans, and other benefits. The executive committee of the board of trustees reviews goals and determines the president's compensation. This process is documented in the executive committee meeting minutes. Process to establish compensation of other employees: the president conducts annual performance reviews of all officers, based on predetermined goals. He then makes recommendations regarding compensation to the chair of the board for approval. The university receives ongoing guidance regarding annual increases to ensure that these annual increases are comparable and reasonable based on market conditions, through the use of cupa-hr data, as new positions are created, or as market conditions warrant. The university provides benefits according to written standard policies. If any benefit is provided outside of these policies, board approval is required. This process is documented in each employee's file.”

“Financial statements and governing documents are not required disclosures pursuant to internal revenue code (irc) section 6104. Therefore, these documents are not available to the public at this time. The conflict of interest policy is provided upon request.”

“The mission of lynn university is to provide an innovative, global and personalized education that enables students to realize their potential.”