If a charity has staff members who are paid more than the president or CEO and the treasurer or CFO, does the compensation-review provision of the Act apply to them?
No. However, as stated above, the members of the board of directors have a continuing duty to pay compensation that does not exceed what is fair and reasonable to the charity. Moreover, if a staff member actually performs the duties and functions of a president or CEO or a treasurer or CFO, a charity may not avoid the compensation-review required by the Act by giving that person a different job title. See California Code of Regulations Title 11, Div. 1, Chapter 4, section 312.1.
Related Questions
- If a charity has staff members who are paid more than the president or CEO and the treasurer or CFO, does the compensation-review provision of the Act apply to them?
- If a charity has staff members who are paid more than the president or CEO or the treasurer or CFO, does the compensation-review provision of the Act apply to them?
- Can a California corporation have only one individual filling all of the following roles: President/CEO, Treasurer/CFO, Secretary, Director, and sole shareholder?
