Cheatham Named SCICU Chief Integrity Officer

COLUMBIA, SC — SCICU Board of Trustees Chair Russell Cook has named Jerry Cheatham as the organization’s Chief Integrity Officer. This position was created in 2010 when the Board adopted a policy for reporting improper conduct. Mr. Cheatham, Sonoco’s Director of Financial Analysis, NAC, is the chair-elect of the SCICU Board of Trustees.

According to the policy, the Chief Integrity Officer is a person appointed by the chair of the SCICU Board of Trustees who can assure that there will be a fair and impartial investigation of any allegation of improper conduct and that the outcome of the investigation will be based on the merits. The Chief Integrity Officer reports directly to the Board of Trustees. Copies of the policy are provided to new trustees during orientation and are available from the SCICU office.

The SCICU Board of Trustees has adopted a Conflict of Interest Policy “to protect the interest of SCICU when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or trustee…” This policy was recommended by the Finance Committee to improve the organization’s governance and transparency and to be able to respond more confidently when filing IRS Form 990.

The Conflict of Interest Policy requires that each SCICU officer and trustee must annually: (1) receive a copy of the policy, (2) read, understand, and agree to comply with the policy, (3) disclose any actual or potential conflict of interest, and (4) file a signed statement agreeing to abide by SCICU’s Conflict of Interest Policy.