The past year has seen several new developments in executive compensation at
the state level. The Non-Profit Organizations/Public Charities Division of
the Attorney General’s office issued a CEO Compensation Review, based on a
survey of 25 of the largest public charities in Massachusetts. More recently,
the Attorney General’s office brought suit against the CEO of a Massachusetts
graduate school and entered into an Assurance of Discontinuation agreement with
the school’s board of trustees, both focused on executive compensation.
Many charitable organizations have adopted best practices in executive
compensation with an eye towards obtaining a federal rebuttable presumption that
the compensation is not an “excess benefit.” What are those best
practices? Are they still adequate in Massachusetts? Where might
they be headed?
Join us for a discussion of the Attorney General’s report and its possible
impact, led by the Senior Vice President and Senior Counsel of Boston University
(one of the survey respondents), and a general discussion of best practices in
non-profit executive compensation.