CEO COMPENSATION DETERMINATION POLICY
The Brother Benno Foundation Board of Directors monitors all compensation issues. This is done in an effort to keep our compensation costs to a minimum and our volunteer workforce at a maximum level. Our Chief Executive Officer (CEO)/President/Executive Director is paid $1.00 per year. The Board of Directors reviews this each year and benchmarks this $1.00 per year salary with CEO compensation at similar non-profit organizations.
The Brother Benno Foundation respects the privacy of its donors and exercises accounting practices to secure donor privacy. We hold all donor information in strict confidence and will not sell, trade, or share any donor information with other organizations or any type of business.
CONFLICT OF INTEREST POLICY
It is The Brother Benno Foundation’s policy that all employees avoid any conflict between their personal interests and those of the Foundation. The purpose of this policy is to ensure that the Foundation’s honesty and integrity, and therefore its reputation, are not compromised. The fundamental principle guiding this policy is that no employee should have, or appear to have, personal interests or relationships that actually or potentially conflict with the best interests of the Foundation.
It is not possible to give an exhaustive list of situations that might involve violations of this policy. However, the situations that would constitute a conflict in most cases include but are not limited to:
- Holding an interest in or accepting free or discounted goods from any organization that does, or is seeking to do, business with the Foundation, by any employee who is in a position to directly or indirectly influence either the Foundation’s decision to do business, or the terms upon which business would be done with such organization.
- Holding any interest in an organization that competes with the Foundation.
- Being employed by (including as a consultant) or serving on the board of any organization which does, or is seeking to do, business with the Foundation or which competes with the Foundation.
- Profiting personally, e.g., through commissions, loans, expense reimbursements or other payments, from any organization seeking to do business with the Foundation.
A conflict of interest would also exist when a member of an employee’s immediate family is involved in situations such as those above.
This policy is not intended to prohibit the acceptance of modest courtesies, openly given and accepted as part of the usual business amenities, for example, occasional business-related meals or promotional items of nominal or minor value.
It is the employee’s responsibility to report any actual or potential conflict that may exist and inquire if any question arises as to the ethics of any decision.