Enron and Its Aftermath: What is the Likelihood of Fraud and Embezzlement at the GC and Its Major Institutions?

Speaker: Categories: Sep 09, 2006

 

[1hr, 18min, 8sec / 45min, 27sec]

ABOUT THE TOPIC:

"To every action there is an equal and opposite reaction!"That may be a cliché or a statement of fact, depending on your perception and experience. Certainly is seems apropos for the timing of this month's presentation. Shortly after the report given to SDAF, July 5, 2005, by David Dennis,Denominational InternaI Control and Conflicts of Interest, another voice was heard alleging that there was more to the story, another side, which also needed to be heard. That allegation was made by Dr. Brian Bull who had served on GC entities seeking to assure that there would be NO MORE repeats of such. The February, 2006, presentation by Dr. AI Koppel, emphasized further the need for internal denominational safeguards.

Because of their positions and because of the Committees and Boards on which they serve, Brian Bull, M.D. and Ted Ramirez, Esq., know a lot about present financial practices at the GC and its largest Institution, Loma Linda University. They will review changes that have taken place over the past decade to increase the chances that fraud and embezzlement, if it occurs, will be caught early. They will also explain how a donor to a church project can be assured that his/her donation will go where the donor specifies.

Brian Bull notes further that most of these changes in financial policy were in placebeforethe Enron scandal and the Sarbanes-Oxley legislation -- which does not apply to non-profit institutions. However, many of the principles in that legislation have also been added to previous policy changes.

ABOUT THE SPEAKERS:

Brian Bull has been a faculty member at Loma Linda University since 1968. In 1973 he became Chair of Pathology which is both a teaching department in the Medical School and a Service in the University Medical Center. He continues in that position today.

From 1994-2003 he served as Dean of the School of Medicine, a position that also required him to be President of the Faculty Practice Plan -- the several corporations that hire the Faculty of the Medical School.

He is presently Secretary of Loma Linda University Health Science Corporation (LLUAHSC), Loma Linda University (LLU), and the Loma Linda University Medical Center (LLUMC). In addition, he has served on the General Conference Constitution and Bylaws Committee at the past three GC Sessions in Utrecht, Toronto, and St. Louis.

He is knowledgeable about church inner workings.

Ted Ramirez is a partner with Venable LLP, a Washington-based law firm. His practice embraces business transactions such as mergers and acquisitions, crisis recovery and turnaround plans, complex negotiations, and corporate governance. He serves institutional organizations, academic medical center systems, and privately held companies.

 

His twenty-nine years of service includes work as member and chairman of governance boards and committees for strategic planning, finance and audit, and legal affairs for a multinational religious denomination, hospitals, colleges, universities, schools and urban community organizations. He serves on the adjunct faculty of the Moritz College of Law at The Ohio State University.

His publications include"Corporate Emergency,"an article that recommends governance analysis and methods to enable officers and boards to function in the event of declarations of emergency and disruptions in commerce. Mr. Ramirez has developed governance, management and fiduciary duty standards, systems, policy papers, and presentations for multi-corporate institutions and systems.

He, too, is knowledgeable about church inner workings and with Brian Bull will be able to give us a firsthand perspective on church fiduciary policy in practice NOW.

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