Peacehealth Southwest Medical Center

“The organization's accounting department works closely with the outside accounting firm it engages (kpmg) to prepare and review the return. The evp, cfo and legal department review a draft of the form 990 and provide comments. The final draft is made available to the board of directors prior to filing the return.”

“Pursuant to the conflicts of interest policy, an annual conflict of interest questionnaire, aimed at determining any family and business relationships and transactions or other transactions that may pose a potential conflict, is distributed to all board members. Board members are also required to disclose real or potential conflicts at the time when such conflicts arise. Officers must agree to the conflict of interest policy at the time of their hire. The conflict of interest policy is discussed with the employee at their annual performance meeting and the employee must self-disclose any conflicts at this time. However, directors, officers and key employees are required to continually consider conflict of interest precepts and self-disclose any potential conflict at the time it arises. Should a potential conflict of interest arise, the board member having a potential conflict of interest shall not participate in discussions, use personal influence or vote on the matter in question. The policy is monitored and decisions on conflicts are made by the peacehealth board of directors.”

“Southwest medical center foundation does not compensate employees. Rather, all employees that spend time on southwest medical center foundation operations are compensated by peacehealth. The chair of the peacehealth board of directors reviews and recommends, in partnership with representatives of an independent executive compensation consultant retained by the board of directors, the compensation of peacehealth's president/chief executive officer. Furthermore, the independent compensation consultant, with support from members of the human resources department, determines comparability data across various industry and applicable for-profit/not-for-profit organizations for periodically informing the governance committee of the board on the market competitiveness of pay for peacehealth executives. Discussions and decisions made during the committee meetings are documented in meeting minutes.”

“All governing documents, including the conflict of interest policy, and financial statements are available on request.”

“Other changes in net assets (155)”