Part 1 – GOVERNANCE

 

SECTION: General Administration

 

POL 1-019

Executive Director compensation

 

Effective date: July 1, 2009

Approval date: May 3, 2009

Last revised: May 3, 2009

Cancelled date: 

Reference: Bylaw VII, Sec.5(2)

Cross reference: POL 1-006, Consumer Price Index,

American Research Company National Compensation Study; Association Chief Executives

 

POLICY

 

 The  Board of Directors will evaluate the performance of the Association Executive Director (“ED”),  and make appropriate adjustments in compensation, updates as needed to the ED’s employment contract and job description, and establish performance goals and objectives. 

 

 

GUIDING PRINCIPLES

 

1.     The performance of the ED will be evaluated on an annual basis against the goals and objectives established at the previous year’s evaluation.

 

2.      Adjustments to compensation, if any, will be determined.

 

3.       The Board will discuss the ED’s performance at executive session.

 

4.        The employment contract will be reviewed and updated as necessary beginning six months prior to the termination date of the existing contract.

 

5.        The job description will be reviewed annually and updated, as necessary.

 

6.        An independent legal counsel specializing in human resources and benefits administration will be retained to provide advice on legal matters relating to the employment contract and job description.

 

7.    An external consulting organization specializing in human resources and benefits administration will be retained to assist with the annual performance evaluation process, and to conduct research and provide guidance regarding changes to compensation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Questions about previous Policies & Procedures? Contact Connie Hardy, Corporate Secretary.