Whistleblower policy for board members (The Wallace Foundation)

If a Foundation board member becomes aware of or has a reasonable good faith belief that the Foundation may be involved in illegal activity, fraud or violation of organization policy (as defined in Exhibit 1), or if the board member suspects any impropriety regarding the Foundation’s accounting methods, internal controls, audit processes or any other financial matter, the board member should immediately report such concern (“suspected wrongful act”) to the Senior Counsel or the Chair of the Audit Committee. If it is impractical or inappropriate for the board member to notify the Senior Counsel, the board member should notify the Chair of the Audit Committee and if impractical or inappropriate for the board member to notify the Chair of the Audit Committee, the board member should notify the Senior Counsel.

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