Choose favorable board chairs when renegotiating contracts
- October 10, 2023 |
- WILLIAM EHART
Note: The positions of CEOs and other executives interviewed for this story may have changed since the initial reporting of this story. CEOs seeking to renegotiate their employment contracts need to pick their spots—and the right time is when the right board chairman is in place, experts told CEO Update. With association board leaders rotating as often as every year and future chairs being officers of the board, top executives can see who they will be negotiating with now, and who’s coming next. Nonprofit employment attorney Art Herold said CEOs don’t have to wait for the final year of the contract—whether it be a three- or five-year agreement—to seek an extension with… Read More