Executive Vice President Contract and Compensation Policy
Approved by the Board of Directors March 2014
While the Board of Directors is inherently responsible for hiring and terminating the employment of the Executive Vice President, because of the challenges of group management of sensitive issues, the Board shall direct the association’s Executive Committee to manage contract and compensation issues outlined in the Executive Vice President’s (EVP) contract and related issues that may arise.
A competent association industry compensation survey shall be used to benchmark compensation for the position. The Executive Committee shall meet independent of the EVP to discuss performance relative to the position description, salary benchmarks, and identified goals and objectives. During these deliberations, the Executive Committee may consider input obtained from other board members, staff, professional advisors, and other informed community leaders.
The Executive Committee and/or President shall discuss and document compensation and incentive arrangements with the EVP and retain such documentation in the employee’s personnel file.