Mount Saint Mary'S University

“The executive committee is composed of members that may include non-trustee members. However, the board may not delegate any of the authority of the board to non-trustee members. The executive committee has all the authority of the board with respect to the operations and affairs of the corporation except as limited by law or by the university's bylaws.”

“The university has business relationships with the sisters of st. Joseph of carondelet. Four of the university board members are affiliated with this organization: sister annette debs, sister mary patricia rosholt, sister barbara anne stowasser, and sister sandra williams are on the board of trustees and belong to the same order (sisters of st. Joseph of carondelet).”

“The membership of the corporation shall consist of the provincial superior of the los angeles province of the roman catholic religious congregation known as "sisters of st. Joseph of carondelet and four or more additional members of the provincial council of the los angeles province of the congregation as are appointed annually by the provincial council.”

“The members have the right to appoint the board of trustees.”

“The members have the right to approve the significant decisions made by the board of trustees at the annual meeting or special meeting.”

“The chair of the audit committee reviews the draft of the return. After the review, the draft is submitted to the full audit committee for review and recommendation. Once approved, the approved draft is submitted to the board for final approval before filing the return with the irs before the deadline.”

“Each written conflict of interest policy is reviewed every year at the annual may board meeting by the chair of the board in conjunction with the president. Any duality of interest or possible conflict of interest on the part of any director should be fully disclosed to the other members of the board at any time a contract or other transaction is considered between this university and one or more of its governing board members or between this university and any corporation, firm, or association in which one or more of the members of the governing board to this university are financially interested. The fact of common directorship or financial interest should be noted in the minutes and the board should approve the contract or transaction in good faith by a vote sufficient for the purpose without counting the vote or votes of such members of the governing board. Each written conflict of interest policy is reviewed every year at the annual may board meeting by the chair of the board in conjunction with the president.”

“The board chair reviews published data of similar institutions in terms of budget, endowment, location, and complexity of operations from the association of independent california colleges and universities (aiccu) administrative compensation report. The board chair gives his recommendation to the compensation committee, a subcommittee of the executive committee, who determines compensation. Compensation is documented through formal offer letters, employee status forms and data maintained in the university database. This process was most recently undertaken in 2018. Compensation for the vice presidents is reviewed and approved by the president. The president and the human resources department used comparability data from the aiccu administrative compensation report, yaffe & company executive compensation survey data for independent colleges and universities, and the college and university professional association higher education survey data. Compensation is documented through formal offer letters, employee status forms and data maintained in the university database. The process was most recently undertaken in fall, 2017 for the vice president of administration and finance.”

“Governing documents, conflict of interest policy and financial statements are available to appropriate parties upon request through reports or responses to questionnaires.”

“Changes in annuity payable 3,591.”