On April 14, 2011, the Massachusetts Attorney General issued a report outlining two steps that the Attorney General will take to limit – but not explicitly ban – independent director compensation at public charities.

First, beginning in 2012, the Attorney General will require Massachusetts-based public charities that compensate their independent directors to file annual statements explaining the basis and rationale for their practices. These statements, together with the Attorney General’s evaluations, will be included in an annual public report to be issued by the Attorney General.