Path

“The form 990 was prepared by an outside accounting firm using information provided by path accounting services staff. Path senior management reviewed the draft form. A copy of the draft was sent to the board of directors for comment. After the comment period, the principal financial officer signed the form.”

“Path has policies and procedures to address conflicts of interest. Path management and all staff within the organization must complete a conflict-of-interest disclosure form each year. All forms are reviewed and kept on file. A conflict management plan is developed for any employee with a significant actual or perceived conflict of interest. Path also has a well-defined procedure for identifying and reporting actual and potential conflicts of interest among board members. New board members are asked to complete a conflict-of-interest disclosure form within 30 days of joining the board and to complete a new form annually thereafter. In addition, members are reminded to report any new issues that arise outside of the annual disclosure period. The disclosure forms are reviewed by path's general counsel, and if any actual or potential conflicts are identified, general counsel makes a recommendation to the chair of the governance committee and the chair of the board for a management plan to properly manage any conflicts. A formal management plan is then agreed upon with the board member, and the entire board of directors is informed at the next regularly scheduled board meeting.”

“The board annually reviews salaries and benefits for executive employee positions and provides guidance to the president/chief executive officer (ceo) on compensation decisions for executive positions. The compensation and benefits for path's president/ceo are reviewed and approved by the entire board of directors each year. Path routinely uses the services of external compensation consulting firms to assess and benchmark executive compensation (president/ceo and division chiefs). The most recent review was completed by the board in 2023. At the request of the board, path engaged future sense (a compensation, benefits, and human resources consulting firm) to review current and proposed base salaries of path's president/ceo and division chiefs. Future sense used data from multiple sources to evaluate current and proposed base salaries for these positions. The board reviewed the future sense report and approved the use of the report to establish a framework within which the president/ceo is delegated authority to establish the total compensation packages of the division chiefs. Additionally, future sense reviewed the proposed total compensation and benefits package for the president/ceo position and obtained a significant number of data points to ascertain its reasonableness and appropriateness. The board approved the recommendation for the president/ceo's total compensation package.”

“Path governing documents, conflict of interest policy, and financial statements are available to the public upon request; most documents are also available online.”