New York State Governor Andrew Cuomo has formed the Task Force on Not-for-Profit Entities (the “Task Force”) to investigate executive compensation by not-for-profit organizations that receive state funding.1 Governor Cuomo announced the Task Force on August 3, 2011, and it quickly took its first action on August 25, 2011, by sending a letter requesting extensive compensation information from many organizations that receive state funds.
This Client Alert describes (i) the Task Force’s mandate, (ii) the compensation information requested in the Task Force’s letter, (iii) several key points to note about the information requested in the letter, and (iv) certain additional insights.
Please see full alert below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.