Ryder Assisted Care III Inc

“Membership in the board of directors shall be limited to individuals whoa reeither members of the board of directors of ryder memorial hospital inc or non-members who have the approval of said sponsoring organization. The board of directors shall consist of twelve (12) people who qualify as previously mentioned and who shall be elected as such by the incorporators who executed and filed the charter. At the first annual meeting of the members and at each annual meeting thereafter members shall elect directors to hold office until their succesors are elected and qualified. In order to avoid that all members of the board conclude their terms at the same time, they are segregated in groups, whose terms will be of 3 years and their terms will be in different periods. All members have a term of 3 years as directors, except for filing a vacancy, in which such term will cover the remaining time of replaced member.”

“Decision subject to approval of members: 1-increase the number of members of the bod 2- amen by-laws of the coporation 3- approve any plan for dissolution merger of disposition of the assets of the corporation 4- approve the selection of the independent auditors of the corporation.”

“The review process of the form 990 is under the responsibility of the board of directors executive committee of ryder assisted care iii, inc. Such committee at the same time delegates this task to the exective director, who perform the review of the 990 form and is authorized to provide the release for the final issuance of the form.”

“The proper governance of rder assisted care iii, inc is exercised by members who give their time for the benefir of the community served bu this corporation. Because the varied interest and background of the governing board members, may result in situations involving a dual interest that might appear as conflict of interest; and service carries a requirement of loyalty and fidelity to the corporation known as ryder assisted care iii, inc. It is the responsibility of the board members to govern the institutions and the community's interest wiht honesty, exercising their best care, skill, and judgement for the benefit of the institution and its members; and the matter of any duality of interest or possible conflict of interest can best be handeld through full disclosure of any such interest; together with abstention in any vote where the interest is involved. The following policy duality and conflict of interest is hereby adopted: 1- any duality of interest or possible conflict of interest of the part of any governing board member should be disclosed to the other board member and made matter of record, either through an annual procedure or when interest becomes a matter of board action 2- any board member having duality or possible conflict of interest on any matter should vote or use his personal influence on the matter, and he or she should not be counted in determining the quorum for the meeting, even where permitted by law. The minutes of the meeting shall reflect that a disclosure was made, the abstention from boting and quorum situation. 3- the above-mentioned requirements should not be construed as preventing the board members from stating his position in the matter, nor from answeing pertinent questions in such matter. That his policy be revised annually for the information and guidance of the board members and that any new member be advised of the policy upon entering on the duties of his office.”

“The process to determine the compensation to officers is baased on: 1- job descriptions 2- minimum qualifications for the position 3- experience 4- education. The organization is also perform bench-marking of the industry and the market in the general to see and offer competitive salaries. The organization reviews annually the salaries granted to employees and increase are approved depending on the financial position of the organization. Raises must be approved by the bod. The organization also complies with mandatory decrees by the government.”

“The policy of conflict of interest is available to the organization's board of directors, top management and employees in order that all be aware of such in the performance of their functions, in case of the financial statements these are made available to certain parties in addition to the organization's management, such as the federal government.”

“Security Payroll”