As the IRS strengthens its review of tax-exempt organizations' executive compensation and governance, state regulators and Congress also are taking an interest. Organizations must review their pay and governance practices for responsible decision making, transparency, alignment with organizational missions, and mitigation of tax risk. This Perspective summarizes recent developments, including the IRS review of Form 990, proposed 990 updates, and recommendations for executive compensation and governance. The article concludes with steps for tax-exempts to take in light of these developments. (Perspective, 5 Oct 2007, 6 pages)
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