Kentucky Educational Television Foundation Inc.

“The membership of the ket foundation board of directors consists of the members of the kentucky authority for educational television board (5 of which are appointed by the governor), a representative of the friends of ket board and the executive director of ket (a nonvoting member).”

“The ket foundation board reviews and accepts the audited financial report on an annual basis. The form 990 will also be reviewed and accepted prior to submission.”

“It is ket foundation policy to require directors, officers and employees to observe high standards of business and personal ethics in the conduct of their duties and responsibilities. Board members: as required by article x of the foundation by-laws, any director, committee member or office having an interest, directly or indirectly, in any contract or other transaction presented to the board of directors or a committee thereof for authorization, approval or ratification shall make prompt and full disclosure of his or her interest to the board or committee prior to acting on such contract or transaction. Such a person shall not vote on, nor use his or her personal influence on, nor participate (other than to present factual information or to respond to question) in the discussions or deliberations with respect to such contract or transactions. The minutes of the meeting shall reflect the disclosure made, the vote thereon, and the recusal from voting and participation. For purpose of this article, a person shall be deemed to have an interest in a contract or other transaction if he or she is a party contracting or dealing with the foundation or the authority, or if he or she is a director, general partner, officer or trustee in the entity contracting or dealing with the foundation or authority, or if he or she has a material financial interest in the entity contracting or dealing with the foundation or the authority, or if his or her spouse, parent, son, daughter or sibling is a party contracting or dealing with the foundation or authority or has a material financial interest in the entity contracting or dealing with the foundation or authority. Authority/foundation board members: in addition to the above foundation policy, foundation members who also serve as authority members, are subject to executive order 2008-454, dated may 27, 2008, establishing certain ethical standards for members of policy-making and regulatory boards and commissions. These standards were issued to insure that board and commission members who serve in the public sector are accountable to the people of the commonwealth. The ethical guidelines do not subject board members to all provisions of the executive branch code of ethics contained in krs chapter 11a. The ethical standards that do apply to board members specifically relate to the prohibition against self dealing, the obligation to disclose in writing or in the minutes of a meeting a direct or indirect interest, and gift acceptance provisions. Employees: it is a policy of the ket foundation to hold its employees to the same conflict of interest laws required of state employees, as identified in the executive branch code of ethics and in compliance with krs chapter 11a and kar title 9.”

“The ceo/executive director and other top management positions of the ket foundation are employed by the kentucky authority of educational television (the authority). The ceo/executive director is also compensated by the foundation for duties performed on behalf of the organization. This arrangement has been reviewed and approved by the kentucky ethics commission. The personnel process includes review and approval of all position appointments and compensation adjustments by the ket authority chair. Those actions are further ratified/reviewed by the full authority. All salary adjustments for ket foundation employees are reviewed and approved by applicable management, with final approval granted by the ket executive director. Adjustments are also reviewed by the board of the ket foundation. Ket foundation board members receive $50 for attendance to each regularly scheduled quarterly meeting. They also receive $50 for each special meeting, finance committee meeting, strategic plan meeting, etc. All payments are subject to tax. Board members may also be reimbursed for reasonable travel and other ket business related expense reimbursements.”

“Ket foundation's official documents are public record and are available upon request. The foundation is also a member of the better business bureau, therefore applicable updates are provided on an annual basis.”

“The organization has not changed its oversight or selection process during the year.”