Governance Policy

I. Introduction

This Governance Policy is established to ensure that the Carrie Tingley Hospital Foundation (CTHF) operates in a manner that is consistent with its mission and values, and complies with all applicable laws and regulations.

II. Mission

To enhance the lives of Carrie Tingley Hospital patients and their families throughout New Mexico.

III. Board of Directors

  1. Composition: The Board shall consist of a diverse group of individuals committed to the Foundation’s mission.
  2. Responsibilities: The Board is responsible for overseeing the Foundation’s strategic direction, financial health, and legal compliance.
  3. Meetings: The Board shall meet at least quarterly to review the Foundation’s progress and make necessary decisions.

IV. Executive Leadership

  1. Roles: The Executive Director shall be appointed by the Board and is responsible for the day-to-day operations of the Foundation.
  2. Compensation: Executive compensation shall be determined by the Board and based on industry standards and the financial position of the Foundation2.

V. Financial Management

  1. Budget: An annual budget shall be approved by the Board, outlining expected income and expenditures.
  2. Transparency: Financial statements shall be made available to the public to ensure transparency and accountability.

VI. Fundraising

  1. Ethics: Fundraising activities shall be conducted ethically and in alignment with the Foundation’s values.
  2. Use of Funds: All funds raised shall be used solely for purposes consistent with the Foundation’s mission.

VII. Conflict of Interest

  1. Policy: A conflict of interest policy shall be in place to ensure that decisions are made in the best interest of the Foundation.
  2. Disclosure: Board members and staff shall disclose any potential conflicts of interest.

VIII. Whistleblower Policy

  1. Protection: The Foundation shall provide protection to whistleblowers against retaliation.
  2. Reporting: There shall be a clear process for reporting and addressing allegations of misconduct.

IX. Document Retention and Destruction

  1. Retention: The Foundation shall maintain records in compliance with applicable laws and regulations.
  2. Destruction: Documents shall be destroyed in a secure manner when no longer needed.

X. Review and Amendment

  1. Periodic Review: This policy shall be reviewed periodically to ensure it remains relevant and effective.
  2. Amendments: Any amendments to this policy must be approved by the Board.