Marin General Hospital

“During the year, the organization delegated chief financial officer duties to a consultant, ronald sperling and incurred reportable compensation costs of $300,343.”

“Marin healthcare district is the sole corporate member of marin general hospital.”

“The board of directors of the general member may, by resolution, authorize a person or committee of persons to exercise its vote on any matter to come before the membership of this corporation. In addition, the general member may exercise its membership rights at any regular or special meeting of the board of directors of the general member. The functions required by law or by the bylaws to be performed at the annual membership meeting or any regular or special meeting of the members of this corporation may be performed at any regular or special meeting of the general member's own board of directors.”

“Other reserved rights include: a. Merger, consolidation, reorganization, or dissolution of the corporation or any subsidiary or affiliate entity; b. Disposition of a significant portion of the assets of the organization; and c. Issuance of long term debt exceeding a certain portion of the orgnization's assets.”

“Our tax advisor provides and prepares the return in consultation with our accounting department. The information is then reviewed by our chief financial officer. A copy of the form was provided to all voting members of the governing board for their review prior to filing with the internal revenue service.”

“Each individual board member and officer has to sign an acknowledgement form that they have read the policy. A disclosure statement is completed by all officers and board members. On this statement the individual will list a wide range of information which includes business relationships, employment relationships, property interests, and those of related parties. The ceo and board chair will review the statements and monitor situations that may pose a potential conflict of interest. The ceo and board chair may consult with legal counsel as necessary. If there is a potential conflict of interest related to a particular transaction, the interested trustee must disclose the existence and nature of the relationship. The board chair may appoint a disinterested person or committee to investigate the conflict. Until the potential conflict is resolved, the board chair may request the trustee to leave the room or not participate during related presentations and discussions. In all circumstances involving an actual conflict, the interested trustee shall refrain from voting on any matter related to the transaction.”

“The executive committee of the mgh board of directors retains ultimate discretionary authority over all elements of compensation to assure that organizational purposes are appropriately being served. The executive committee uses credible data sources and maintains an objective "arms length" decision-making process, ensuring the integrity of mgh's executive programs and consistency with the organization's overall mission. In order to ensure external competitiveness, national, california and local market area compensation data comparisons are reviewed. Competitive analysis includes: (a) base salary, (b) total cash (base salary + annual incentive) and (c) total remuneration (base salary + annual incentive + benefits and long term incentive). This analysis includes comparable organizations and geographic considerations. For the most senior executive positions, national and regional comparisons for organizations similar in size, scope and complexity as mgh are most appropriate. All officers of the organization undergo a review annually.”

“Marin general hospital will make the governing documents and conflict of interest policy available to the public upon request.”

“Marin general hospital (mgh) is a not-for-profit hospital located in greenbrae, california, with 235 licensed acute care beds, it is the largest acute care hospital in marin county and provides both primary and secondary care and general services such as the cancer institute and the haynes cardiovascular institute. Other services include a level iii trauma center and full complement of acute care and ancillary services such as neonatal intensive care, pediatrics, a family birthing center, adult behavioral health services, an electrophysiology laboratory, stroke program and cardiac catheterization laboratory. Mgh is accredited by the joint commission and has received the healthgrades distinguished hospital award for clinical excellence for the past two years. This award is given to the top 5% of hospitals in the nation. Mission and vision: mission of mgh is as follows: to provide exceptional health care services in a compassionate and healing environment. Vision of mgh is as follows: to exceed each community member's highest expectations for quality health care. Governance: mgh is an independent 501(c)(3) not for profit hospital. Its sole corporate member is the marin healthcare district, a political subdivision of the state of california, which retains certain reserve powers over the organization. Mgh is governed by its own board of directors.”

“Change in beneficial interest in prima medical foundation -3,947,000. Change in benefit plan -5,730,333. Audited financial statement rounding 575. Change in investment - mghf -4,459,447.”

“Marin general hospital had an audit of its balance sheet and statement of operations performed by independent auditors. An audit committee selects the auditors and reviews results. There have been no changes to this process from prior year.”