Practices
Governance of Executive Compensation Manual
The GEC is designed to provide your organization's governing body with the disciplined guidance necessary to oversee your responsibility to design and administer your organization's executive base, fringe and incentive compensation programs. The GEC Manual is a foundational document for a disciplined process to meet your IRS and Medicare "due diligence" requirements. The manual:
- Provides critical education for your board and compensation committee
- Empowers boards with step by step instructions and processes for creating an Executive Compensation Committee that is fully compliant with IRS guidelines
- Guides your committee to establish a valid Rebuttable Presumption of Reasonableness that meets IRS guidelines
