Executive Compensation and Regulation Imposed Governance: Evidence from the California Non-Profit Integrity Act (2004)

• Main Authors: Dhole, Sandip, Khumawala, Saleha B., Mishra, Sagarika, RANASINGHE, Tharindra
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2015
• Subjects: executive compensation; governance; regulation; nonprofits; California Nonprofit Integrity Act of 2004; Accounting; Business Law, Public Responsibility, and Ethics; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/soa_research/1379; https://ink.library.smu.edu.sg/context/soa_research/article/2378/viewcontent/Executive_compensation_CA_av.pdf
• Institution: Singapore Management University

This study examines the impact of the California Nonprofit Integrity Act of 2004 on CEO compensation costs in affected organizations. Contrary to the stated objective of the Act that executive compensation is “just and reasonable,” we find that CEO compensation costs for affected nonprofits during t...