Southwestern Christian University

“The executive committee shall consist of all of the officers of the board, the chair of each standing committee, international pentecostal holiness church (iphc) liaison to higher education and the president of the university. The executive committee shall have and exercise all of the authority of the board of regents in the management of the affairs of the corporation, except for action taken of the full board of regents as required by statute, the amended and restated articles of incorporation, or the bylaws, shall have power to authorize the seal of the corporation to be affixed to all papers which may require it. Provided, however, the executive committee shall act only in the interval between meetings of the board or whenever it is impractical to call a meeting of the board, and shall at all times be subject to the control and direction of the board. It shall have the power to revise the annual budget during the fiscal year, if warranted, based upon recommendations from the business and finance committee for necessary adjustments. It shall receive salary recommendations from the business and finance committee for necessary adjustments. It shall transact any special business committed to it by the board of regents. It shall coordinate the work of, and have general supervisory authority over all other board committees. It shall be an advisory council, in addition to its policy functions, for the president of the university. It shall have the authority to conduct examinations or investigations as it deems proper and based upon such, take action except in cases where the full board of regents is warranted. It shall not take any action inconsistent with a prior act of the board of regents, award degrees, amend bylaws, locate permanent buildings on property held for university purposes, remove or appoint the president of the university, or take any action which has been reserved by the board. It shall meet prior to the annual board of regents meeting and at least three other times during the year. Time, place, and notice (if any) of executive committee meetings shall be determined by the executive committee. It shall constitute a quorum when a majority of the number of members of the executive for the transaction of all business. A vote of a majority of a quorum shall constitute the act of the executive committee. The executive committee shall keep regular minutes of its proceedings and report the same to the board of regents. Any action which might be taken at a meeting of the executive committee may be taken without a meeting if a record or memorandum thereof be made in writing and signed by all the members of the executive committee. The signed record or memorandum, or a signed copy, shall be placed in the minute book of the corporation. It shall be granted by the board of regents sole authority to act as the court of last appeal in all faculty contractual matters. The executive committee's decision shall be binding on the full board of regents. It shall furnish, through its secretary, a copy of the minutes of its meetings to each member of the board within thirty (30) days. It shall review and recommend to the board of regents the compensation of the university president.”

“Form 990 is prepared by an independent tax preparer and reviewed in detail by the organization's top management. The reviewed form 990 is then provided to the board of directors prior to filing with the irs.”

“Officers, trustees, key employees and all employees with budgetary responsibility are required to submit conflict of interest disclosures annually. These forms are reviewed by management as well as the audit committee. Any conflicts or potential conflicts are resolved by the audit committee and the board of regents. All interested parties are required to recuse themselves from board deliberations and any subsequent vote.”

“The university participates in annual compensation studies of various higher education associations and uses the studies to review appropriateness of officer and key employee salaries. The president has an annual review by the board of regents that includes a performance review and comparison to average salaries and benefits of similar institutions. The deliberations and decisions regarding executive compensation are documented in the board minutes. Form 990, part vi, section b, line 15b: the organization does not compensate any other officers or key employees. Therefore, this line was answered no in accordance with the instructions.”

“The governing documents, conflict of interest policy and financial statements are athe governing documents, conflict of interest policy and financial statements are available upon request.vailable upon request.”