Dodd-Frank Finance Reform Bill Affects Nonprofit Compensation
A recent article about the Dodd-Frank law on financial industry reform notes the potential for a significant “spillover” effect on the nonprofit healthcare sector, including executive compensation. The article notes particularly the possible effects on the ratio of total CEO compensation to median employee total compensation, the relationship of executive compensaton to financial performance, compensation committee and adviser independence, disclosure, and “clawback” policies for incentive payments. While the new law does not apply to nonprofits, it may, as with Sarbanes-Oxley, set new expectations for “best practices.”
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