Independent Sector Revised Priniciples
The Independent Sector (www.independentsector.org), a coalition of nonprofits, foundations and corporate giving programs, has issued its revised Principles for Good Governance and Ethical Practices. Importantly, Principle 13 calls for “the full board to evaluate and thoroughly understand (beyond just approving) the compensation of the CEO annually.” A recent article at Give.org notes the importance of adequate pay for talent, while at the same time noting the adverse press coverage that can be generated by compensation for those involved in nonprofit work and the utility of compensation surveys for supporting decisions on compensation. The Give.org articles notes the TED talk by Dan Pallotta about the need for adequate compensation which has generated millions of views.
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