Obi Holding Company

“Form 990, part vi, line 11b obi holding company has the annual irs form 990 reviewed by oklahoma blood institute's (obi) audit committee of the board of directors in a joint meeting with the company's external auditors prior to filing. The committee receives a copy of the form 990 prior to the meeting and key sections on governance and policies are reviewed. The review is completed and the meeting is documented within the minutes, which becomes part of both committees' permanent files. At the conclusion of the review, the entire board is provided a copy of the form 990 prior to filing.”

“Form 990, part vi, line 12c obi holding company follows the conflict of interest policy of obi. It is provided to all board members and officers on an annual basis and they are required to sign annual conflict of interest and confidentiality statements each year. Executed copies of the conflict of interest and confidentiality statements are maintained in the corporate records and the chair of the audit/risk management committee and executive committee are informed of any conflicts disclosed. If a conflict does exist, the member would recuse themselves from any votes or discussions related to the area of conflict. Obi maintains a confidential disclosure hot line and website that allows employees to anonymously report any concerns or potential conflicts of interest. All reports are sent through the senior h.r. Employee, and significant issues are forwarded to the chair of the audit/risk management committee.”

“Form 990, part vi, lines 15a & 15b as leaders of the states largest biopharmaceutical organization, a 880-plus staff entity, the roles of ceo and other physicians and executives require a rare blend of astute organizational leadership, vision, fiduciary management, advanced medical specialization and expertise in the unique scientific field of transfusion medicine. Executives have responsibility for 19 operational facilities across 10 major markets in the region and the day-to-day provision of a safe and sufficient blood supply to meet the needs of patients in more than 230 hospitals served. The compensation of the ceo is determined by the executive committee of obi's board of directors comprising of community leaders, business executives and physicians with exemplary ethical and fiduciary standards. Ceo compensation is based on comparative salary data from similar health care organizations using irs form 990 and industry salary surveys. Similarly, compensation for executives reporting to the ceo is proposed by the ceo based on comparable national and local salaries for positions and is approved by the executive comittee. Changes to compensation are reviewed and formally approved by the executive committee of the board of directors.”

“Form 990, part vi, lines 18 & 19 copies of the organization's form 990 are available to the public upon request. Conflict of interest and financial statements are available upon request.”