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Policy/Practice
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Comment
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Meeting frequency and attendance
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The board meets twice a year. A majority was present at both of the last two meetings. The executive committee meets at least three time a year and holds additional conference calls as needed. A majority is required for a quorum. Click here to see ORT America's 2008 schedule of board and executive committee meetings..
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Board tenure
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Board members serve for a maximum of two consecutive three year terms, but become eligible to serve again after a three year interval. Tenure limits are somewhat more lenient for those who step down as officers. Officers generally serve one three-year term in any given office. However, one vice president at a time may serve a second three year term if elected. |
CEO evaluation and compensation
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The compensation committee, consists of the national president, chair of the executive committee, and the treasurer. The director of human resources serves as a resource for the committee. The by-laws indicate that the compensation committee is to review and approve the compensation of the executive director and others as deemed appropriate by the board, to insure the compensation is “just and reasonable.” No information was provided with regard to the criteria used by the compensation committee nor the frequency of review.
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Conflict of interest policy
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Click here to see ORT America conflict of interest policy.
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Financial oversight and control
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Finance Committee. The finance committee is charged with oversight of all financial matters including pensions, endowments, investments, preparation of financial plans, financial procedures, and policies and guidelines. Audit Committee. The by-laws require the audit committee to focus on (1) the effectiveness of internal control and risk management system; (2) the independent audit process. The Audit Committee is empowered to investigate any matter brought to its attention or otherwise, with full access to all books, records, facilities and personnel. The Audit Committee has the may hire independent counsel, accountants and other experts. All members of the audit committee are required by the by-laws to be financially literate, and at least one member must be a “financial expert”. No specific policies and practices regarding financial oversight and control were provided.
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Program oversight and evaluation
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Information not provided.
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Board Self Evaluation
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The board does not have specific policies or pratices for self-evaluation.
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Assurance of compliance with national law
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The audit committee is responsible for overseeing ORT America's process for monitoring compliance with relevant legal and regulatory requirements. No specific policies and practices were provided with regard to complaince with US law.
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Assurance of compliance with Jewish law
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ORT America has no specific policies and practices to assure compliance with Jewish law.
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Ethical behavior
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The audit committee is responsible for overseeing ORT America's process for monitoring compliance with relevant ethical requirements. However, no specific policies and practices were provided.
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