University Health Network

“THE GOVERNING COUNCIL OF THE UNIVERSITY OF TORONTO HAS THE POWER TO APPOINT TWO HOSPITAL TRUSTEES. FORM 990, PART VI, section b, LINE 11b PROCESS FOR REVIEWING FORM 990 Both the Finance Manager and Senior Finance Director review Form 990 in detail before it is signed by the Deputy CFO and submitted.”

“Monitoring and enforcement of compliance with conflict of interest policy At UHN, employees, medical staff and independent contractors who are authorized to make decisions on UHN's behalf, must disclose any perceived or actual conflict of interest. Discipline, including termination, may result if any of the above were found to be in breach of this condition. To ensure compliance, UHN has set up a 'whistle-blower' line in which a person, who could remain anonymous, would let management know of a possible breach of this policy. Also, material contracts must go through a formal bidding process and must abide by the procurement policy. Using privileged or personal information for personal gain is a critical concern for the UHN and therefore only employees who require access to such information will be able to retrieve it, and their access will be logged. If the facts warrant a review of a potential conflict of interest, or staff comes forward to management with concerns, then UHN will undertake a review to determine whether a conflict of interest exists. If it is indeed determined that a conflict of interest exists then UHN will take steps to determine whether this is resolvable and what the outcome should be.”

“The Governance and Nominating Committee is an advisory committee to the UHN Board of Trustees. Duties include: 1. To review on an annual basis the performance of the President & CEO and to make a recommendation to the Board about his/her compensation and benefits. 2. To establish policies and procedures with respect to compensation and benefits for senior management.”

“Process for making documents available to the public UHN's governing documents as well as the Financial Statements and conflict of interest policy are posted on the UHN WEBSITE.”

“FORM 990, PART I, LINE 1 Made up of Toronto General Hospital, the Toronto Western Hospital, the Princess Margaret Cancer Center, and Toronto Rehabilitation Institute, University Health Network (UHN) is a teaching hospital for the University of Toronto. UHN is among the ranks of the world's leading providers of exemplary patient care, research and education. FORM 990, PART III, LINE 4D Other service programs include Altum Health. Altum Health has two major portfolios: 1) rehabilitation services and 2)international patient program. Altum Health has 200 dedicated team members committed to providing quality health care and medical services.”

“Other changes in net assets of fund balances beginning fund balance translation difference ($8,749,488) difference due to exchange rate $12,733 ---------- total other changes ($8,736,755)”