The IRS recently released the Final Report of its Colleges and Universities Compliance Project, in which they examine practices regarding executive compensation and other business activities of tax-exempt colleges and universities. Although the report pertains to higher education institutions, its findings have broader implications for the executive compensation governance practices of all tax-exempt organizations. To help organizations ensure that their executive compensation governance processes are above reproach, SullivanCotter has summarized the key findings and takeaways relevant to executive compensation.

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