Mount Nittany Health System

“The 990 was provided to the board of directors and to the mount nittany health system audit committee before being filed with the irs.”

“Annually, the conflict of interest policy is distributed to key members of the organization including board members, officers, and key employees. Each person must report any potential conflicts of interest. Reported conflicts are then reviewed by the corporate compliance officer and the health system's audit committee. The conflict of interest report is then submitted to the board of directors.”

“The board of directors' executive & physician compensation committee reviews compensation paid to executive management team in conjunction with an independent third party consulting firm to ensure compensation is reasonable and appropriate for duties and responsibilites assigned. The process is designed to enable the health system to attract, motivate, and retain the highly skilled executive talent needed to carry out its mission and strategic objectives through the establishment of salaries, benefits, and variable pay opportunities that are reasonable, comparable with those for similar positions in similarly situated not-for-profit organizations, and reward achievement of organizational and individual objectives. The executive & physician compensation committee ensures that the board fully understands the process by which the organization's officers/key employee compensation decisions are made. The committee reviews and approves executive compensation in a manner that qualifies for the rebuttable presumption of reasonableness under the irs intermediate sanctions rules. The committee reports its activities to the board, including the specific details of compensation actions. The board has delegated to the committee the authority to make compensation decisions. The board bears the ultimate responsibility for ensuring sound decision-making in this area. Review and approval of compensation is documented via minutes of committee meetings.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”