Commonwealth Health Foundation Inc

“The articles/bylaws of the corporation provides for a member, the role of which is filled by commonwealth health corporation. The bylaws state the approved nominees for Director shall be submitted to the board of directors of commonwealth health corporation for final approval. Also, at least three of the directors shall be members of the board of directors of commonwealth health corporation. Not Withstanding any terms or conditions contained herein relative to numbers, classes or terms of directors, the Chairman of Commonwealth Health Corporation Board of Directors or his/her designee, the Chief Executive Officer of The Medical Center, the Chief Executive Officer of Commonwealth health Corporation or his/her designee and the Chief Financial Officer of the medical Center shall be ex officio Directors, Shall be counted for quorum purposes and shall have all the rights and privileges of other directors including the right to vote on all matters properly before the board.”

“The Foundation's bylaws allow the parent, Commonwealth Health Corporation, final approval or rejection of all board members of the foundation.”

“FORM 990 IS PLACED ELECTRONICALLY ON A COMPANY WEBSITE USED TO SHARE INFORMATION WITH BOARD MEMBERS. EACH BOARD MEMBER IS PROVIDED ACCESS TO THIS WEBSITE AND IS ASKED TO REVIEW FORM 990 PRIOR TO A DESIGNATED DATE ON WHICH THE RETURN WILL BE FILED. AT LEAST TWO WEEKS OF ADVANCE NOTICE IS GIVEN TO BOARD MEMBERS SO THEY MAY REVieW THE RETURN.”

“The commonwealth health corporation (chc) (applicable to the corporation and/or its affiliates) code of conduct explicitly states members of the board, administration, the medical staff and all employees are expected to avoid conflicts of interest, further, it requires disclosure of any potential conflicts of interest in a timely manner. All individuals sign an acknowledgement upon employment that they have received a copy of the code of conduct, are familiar with its content and understand their responsibilities to avoid non-compliant activity. Chc's regulatory compliance committee (rcc) reviews and approves all contracts for chc and/or its affiliates. The review is designed to identify potential conflicts of interest by board members and/or officers. Rcc members are prohibited from taking part in decisions regarding transactions with which he/she has a conflict of interest, annually, written inquiry is made by questionnaire of board members and officers seeking disclosure of conflicts of interest or information that relates to family members. Transactions arising are reviewed by management as they occur.”

“COMMONWEALTH CORPORATION'S REGULATORY COMPLIANCE AND COMPENSATION COMMITTEE REVIEWS AND APPROVES COMPENSATION FOR THE CEO/PRESIDENT AND EXECUTIVE VICE PRESIDENTS. ADDITIONALLY THE Committee OBTAINS COMPARABLE DATA AND UTLIZES THE DATA TO REVIEW OFFICER'S COMPENSATION.”

“GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE ONLY MADE AVAILABLE IF REQUIRED, AND IN THE MAnnER REQUIRED, BY A GOVERNING AGENCY”

“contract fees: Program service expenses 5,872. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,872. employee support fees: Program service expenses 192,233. Management and general expenses 0. Fundraising expenses 0. Total expenses 192,233.”

“The board of directors assumes responsibility for oversight of the audit of the financial statements and selection of the independent accountant; and no processes have changed from prior year.”