The Medical Center at Franklin Inc

“The corporation's articles of incorporation specify the corporation shall have (1) member. The member shall be commonwealth health corporation, inc.”

“Bylaws of the corporation specify that the sole member shall appoint a nominating committee which shall meet and designate nominees for board directorships.”

“The bylaws may be revised or amended by affirmative vote of two-thirds (2/3) of the board, subject to approval of the member.”

“Form 990 is sent to board members via secure email. Each board member receives access to review the form prior to the designated filing date.”

“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 and compensation committee (rcc) reviews and approves all contracts between chc and/or its affiliates and disqualified entities. 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.”

“Governing documents, conflict of interest policy and financial statements are only made available if requested, and in the manner of required, by a governing agency.”

“Effective april 1, 2024, the board of directors of the medical center at franklin, inc. Executed a resolution to dissolve the medical center at franklin, inc. And transferred all assets and liabilities to the bowling green warren county community hospital corporation. The bowling green warren county community hospital corporation continues to operate the medical center at franklin as a hospital in the community of franklin, simpson county, kentucky.”

“Dissolution - Transfer of assets and liabilities to Bowling Green-Warren County Community Hospital Corporation (Related Entity) - -34239242; Total - -34239242;”