Living Water International

“Executive Committee: The Executive Committee consists of the President/CEO, CFO/Treasurer, and two board members to be elected by the Board to serve a term of twelve months; it meets to conduct the business of Living Water International (LWI). The Executive Committee, to the extent provided in said resolution, has the authority of the Board of Directors in the management of LWI. However, no such committee has the authority to repeal the Bylaws; elect, appoint or remove any member of any such committee or any Director or Officer; amend the Articles of Incorporation; adopt a plan of merger or adopt a plan of consolidation with another corporation; authorize the voluntary dissolution of LWI or revoke proceedings therefor; adopt a plan for the distribution of the assets of the corporation; or to amend, alter or repeal any resolution of the Board of Directors which by its terms provides that it may not be amended, altered or repealed by such committee. All actions of the Executive Committee must be reported at the next following meeting of the Board of Directors, which may veto or overturn any committee action as to matters not yet performed or to which the corporation has not been obligated by contract by a three fourths vote of Directors present at a Board of Directors meeting in which, at least, a quorum is established.”

“The audit review committee is given a draft of Form 990 to review before it is finalized and published. The audit review committee reports to the full Board. A copy of the Form is provided to the Board prior to filing with the IRS.”

“Living Water makes a point of not having Board members who have a clear and obvious conflict of interest. Each year, Board members are handed a document describing the conflict of interest policy and are instructed to read, sign and return it declaring that no conflicts of interest exist.”

“The Executive Committee of the Board of Directors, without the President/CEO present, sets the President/CEO's salary on an annual basis. Comparable data from several sources providing local, regional and national non-profit salary surveys is reviewed. The Committee determines the President/CEO's annual salary based upon this data and a performance evaluation. Living Water has a Global Compensation Philosophy that ensures all staff are paid appropriately. Living Water participates in annual salary surveys that are used to review its pay scales to ensure competitiveness for recruitment and staff retention. Annually, Living Water budgets for merit increases which are tied to performance evaluations for all staff including Officers, Key Employees and the President/CEO. Annual performance evaluation results determine what, if any, increase is given to employees.”

“Audited financial statements are published on the Living Water website. Governing documents and the conflict of interest policy are provided upon request.”