STATEMENT OF VALUES of The American Congress of Obstetricians and Gynecologists I. Personal and Professional Integrity All Executive Board members, officers, volunteers and employees of the American Congress of Obstetricians and Gynecologists (the Congress) shall act with honesty, integrity and openness in all their dealings as representatives of the Congress. The Congress promotes an environment that values respect, fairness and integrity. All Executive Board members, officers, volunteers, and employees shall abide by the Statement of Values. The Congress encourages any of its Executive Board members, officers, volunteers and employees who believe that there has been a violation of the Statement of Values to report any such incident regardless of the identity of the individual involved using the Congress Whistleblower Policy. II. Objectives The objectives of the Congress shall be to foster and stimulate improvements in all aspects of the health care of women; to establish and maintain the highest standards of practice; to promote high ethical standards; to establish and promote policy positions on issues affecting the specialty of obstetrics and gynecology; and to promote, represent, and advance the professional and socioeconomic interests of its members.. These objectives are responsive to the constituency and communities served by the Congress and of value to the society at large. All of the Congress’ programs support these objectives, and all who work for or on behalf of the Congress understand and are loyal to its mission and purpose. III. Governance The Executive Board is responsible for setting the objectives and strategic direction of the organization and oversees the finances, operations, and policies of the organization. The Executive Board:  Ensures that Board members have an understanding of the Congress’ legal structure as an organization exempt under Section 501(c)(6) of the Internal Revenue Code, including an understanding of specific requirements that pertain to 501(c)(6) organizations, such as inurement and private benefit.  Ensures that Board members have the requisite skills and experience to carry out their duties and that all Board members understand and fulfill their governance duties acting for the benefit of the organization and its public purpose;  Has a conflict of interest disclosure policy that ensures that any conflicts of interest are avoided or managed appropriately;  Is responsible for oversight of the Executive Vice President and ensures that the Executive Vice President, who is responsible the management of Congress employees is committed to a work environment that promotes equal employment opportunities and prohibits discriminatory practices, including harassment;  Ensures that the Congress vice presidents and staff provide the Executive Board with timely and comprehensive information so that the Executive Board can effectively carry out its duties;  Ensures that the Congress conducts its transactions and dealings with honesty, integrity and openness; 2  Ensures that the Congress promotes working relationships with board members, officers, volunteers and employees that are based on mutual respect, fairness and openness;  Ensures that the Congress is fair and inclusive in its selection and promotion policies and practices for all Executive Board, officer, employee and volunteer positions;  Ensures that policies of the Congress are in writing and clearly articulated;  Ensures that the resources of the Congress are responsibly and prudently managed;  Ensures that the Congress has the capacity to carry out its programs effectively;  Ensures that the Congress is fair and inclusive in its policies and practices regarding membership and election of officers;  Promotes and enforces compliance with the Code of Professional Ethics; and  Ensures that the Congress’ activities support the Congress’ objectives. IV. Legal Compliance The Congress complies with all state and federal applicable laws and regulations. V. Financial Responsibility The Congress Executive Board members, officers, volunteers and employees shall comply with the Congress policies relating to the financial management and operation of the Congress, specifically including but not limited to, the Congress’ corporate accounting practices, internal financial controls, contract approval mechanisms, expense reimbursement policies, and similar policies adopted from time to time by the Congress. The Vice President of Finance shall provide the Finance Committee and Executive Board with timely and comprehensive financial information. The Congress shall manage its funds responsibly and prudently, which includes the following:  Spending a reasonable percentage of its annual budget on programs in pursuance of its mission;  Spending an adequate amount on administrative expenses to ensure effective accounting systems, internal controls, competent staff, and other expenditures critical to professional management;  Compensating staff, and any others who may receive compensation, reasonably and appropriately;  Soliciting funds using reasonable fundraising costs, recognizing the variety of factors that affect fundraising costs;  Prudently managing investment reserves to ensure an appropriate balance is maintained between preserving the real value of the reserves and providing a reliable stream of income to fund the Congress’ programs;  Ensuring that all spending practices and policies are fair, reasonable and appropriate to fulfill the Congress’ mission and objectives; and,  Ensuring all financial reports are factually accurate and complete in all material respects. VI. Openness and Disclosure The Congress provides comprehensive and timely information to the public, the media and its members and is responsive in a timely manner to reasonable requests for information. All information about the Congress will fully and honestly reflect the policies and practices of the organization. Basic informational data about the Congress, such as 3 the Form 990, and audited financial statements are available to the public. All solicitation materials accurately represent the Congress’ policies and practices. All financial, organizational and program reports will be complete and accurate in all material respects. VII. Program Evaluation The Congress regularly reviews the effectiveness of its programs and has mechanisms to incorporate lessons learned into future programs. The Congress is committed to improving program and organizational effectiveness and develops mechanisms to promote learning from its activities. The Congress is responsive to changes in its field of activity and is responsive to the needs of its constituencies. VIII. Inclusiveness and Diversity The Congress has a policy of promoting inclusiveness, and its Executive Board members, officers, volunteers and employees reflect diversity in order to enrich its programmatic effectiveness. The Congress takes meaningful steps to promote inclusiveness in its hiring, retention, promotion, recruitment and constituencies served. Approved by the Congress Executive Board February 2009

American College of Obstetricians and Gynecologists
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