Hospitals and other charitable organizations should not be required to base executive compensation on what's offered by similar not-for-profits, the American Hospital Association said, opposing a draft recommendation by a panel on improving governance and oversight of charitable organizations. The AHA said many organizations must vie with for-profit companies for the best executives. In other comments on the panel's recommendations, the AHA agreed that requiring government reviews of organizations' tax-exempt status every five years would be burdensome for both charitable organizations and the IRS. The panel in June will submit final recommendations to Congress. Read the draft recommendations. -- by Tony Fong
AHA: Hospitals need freedom to set exec compensation
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