NY's Limits on Executive Compensation and Administrative Expense Take Effect

By: James W. Lytle
– Philanthropy Daily

New regulations limiting executive compensation and administrative expense by entities that contract with New York State are about to take effect and affected entities must now assess whether their current executive compensation practices and administrative expense experience will comply with the final regulations. Uncertainty about certain elements of the regulations, along with the potential of a legal challenge to the regulations, has complicated the compliance challenge faced by both not-for-profit and for-profit entities that do business with New York State.

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pursuant to New York DR 2-101(f)

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