Lessons for Nonprofits: Setting and Defending Executive Compensation
The March 2007 report by the IRS of results from its Exempt Organizations Executive Compensation Compliance Project has underscored the message that directors and top management of tax-exempt organizations need to be very careful when setting executive compensation. Both the amount of compensation being paid to executives and the process by which compensation packages are put together and approved are being scrutinized by regulators. Even if a tax-exempt organization is comfortable with the amount of compensation it is paying its executives, the process of setting compensation must be properly documented, tax and other governmental reporting of compensation must be done correctly and, in the event of a dispute with an executive, the organization and its assets must be appropriately protected. This program will cover issues of concern to executives and board members of tax-exempt organizations.
Melinda A. Agsten, Chair
Tax-Exempt Organizations Practice Group and Health Care Department
Karen L. Clute, Partner
Tax-Exempt Organizations Practice Group
RSVP by May 9, 2007 to [email protected]