Employment contracts are communications between the Board and the CEO. They describe facts, amounts, consequences, conditions, and time periods. They can also convey sentiments – to wit, an expression by the board of its appreciation for and desire to retain their CEO. One aspect of...
A DHR Survey and commentary from James Abruzzo, Managing Director, Global Nonprofit Practice The Covid-19 pandemic has devastated the performing arts industry. By mid-March 2020, throughout North America, all symphony, opera, ballet, modern dance and theater performances were cancelled, resulting in major economic losses to the...
The controversies over art museum directors’ compensation, particularly during the time of COVID-19, has led me to think more broadly about the topic of museums and ethics. In a recent NY Times article on the disparity of compensation between very highly compensated museum directors and relatively low paid...
The compensation packages of museum directors are drawing scrutiny as their institutions try to fill budget holes with cutbacks that have included layoffs and furloughs of lesser-paid staffers. As originally seen in The New York Times on August 18, 2020 Many of New York’s museum leaders have...
It's the turn of a new decade, and several social, technological, economic and political forces promise to shape the future of the nonprofit sector. Some are already in play - or have been for some time - and are already challenging nonprofit organizations. They have...
The Metropolitan Museum of Art has a responsibility to the public to provide "fair and reasonable" compensation to its executives - and it is not doing a good job. Best practices call for a nonprofit board to hire an independent compensation consulting firm that compares the...
