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New Book Focuses on Determining Nonprofit Chief Executive Compensation
New Book Focuses on Determining Nonprofit Chief Executive Compensation
Published 04-27-05
Submitted by BoardSource
In light of the ever-increasing media and IRS scrutiny of nonprofit practices, now more than ever, nonprofit boards must be aware of the public perception of executive salaries and benefits packages. This book guides nonprofit boards through the process of setting chief executive compensation - both to ensure that a high-performing chief executive is driving the organization to meet its mission and to increase the transparency and integrity of compensation practices as part of the stewardship of the public trust.
"Appropriate compensation helps boards to attract and retain skilled and successful chief executives," said Deborah S. Hechinger, president and CEO of BoardSource. "It is critical for board members to take the time to familiarize themselves with the current marketplace and assess the performance of the chief executive to set his or her compensation thoughtfully and knowledgeably. Dollars and Sense: The Nonprofit Board's Guide to Determining Chief Executive Compensation is an excellent resource which can help your organization through the process."
The book covers topics such as aligning compensation with organizational mission, private inurement, intermediate sanctions, and elements of compensation including salary, benefits and incentives, employment contracts and chief executive assessments. It is available for purchase at www.boardsource.org or by calling 800-883-6262.
BOARDSOURCE
BoardSource, formerly the National Center for Nonprofit Boards, is dedicated to increasing the effectiveness of nonprofit organizations by strengthening boards of directors. Through programs and services, BoardSource provides solutions and tools to improve board performance, acts as a convener and facilitator in the development of knowledge about boards, promotes changes and innovation to strengthen governance, and serves as an advocate for the value of board service and the importance of effective governance. BoardSource is a 501(c)(3) nonprofit organization.
QUATT ASSOCIATES
Quatt Associates is a management consulting firm specializing in strategic planning, organizational development, and human resources systems. Quatt is dedicated to serving forward-thinking organizations in the nonprofit and for-profit sectors. Quatt was founded in 1996 and is based in Washington, DC.
