"Although Congress is unlikely to pass the proposed act in its current form any time soon, it still provides some useful lessons to tax-exempt employers.... Tax-exempt organizations would be wise to review these rules to make sure they don't bring unwanted attention to themselves or their executives. Additionally, the proposed act signals what direction any executive compensation overhaul will take in the future. In particular, it appears that tax-exempt organizations could have their executive compensation practices governed under a regulatory structure that is similar to the one that publicly traded corporations face under tax code Section 162(m) and related guidance."  MORE >>