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Perks, Extras Decrease in Contracts

Perks for the highest paid association CEOs – country club memberships, paid spouse travel and leased cars – are in decline in many industry groups, a product of increased scrutiny from the IRS and watchdog groups to crackdown on abuses. Search committees, often made up of association board members, are also taking the cue as they recruit new leaders and configure their contracts. These committees are rolling back the perks and amenities, executive recruiters say, favoring simpler contracts and offering fewer carrot sticks to attract and retain competitive CEOs. “These days, we’re hearing that the cleaner and simpler the contract, the better,” said Wendy Pangburn, a… Read More