Officer Compensation Policies
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Posted Tuesday, April 20, 2010 1:59 PM
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Last Login: Tuesday, April 20, 2010 1:54 PM
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The ACR is reviewing its policy on officer compensation.  Currently our practice is to multiply an officer's average salary by the percent of time an officer dedicates to ACR business. 

 

ACR President: 35% of time X average salary

Foundation President: 29% of time X average salary

Other Officers: 16% of time X average salary

 

How does your association address officer stipends?  Is there a formula you use?  Do you have a scheduled time to readdress the stipend policy?

Post #481
Posted Tuesday, April 20, 2010 2:18 PM
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The North Carolina Medical Society policy only authorizes the President to receive any stipend.  That Stipend amounts to $45,000 per year + reimbursement for travel, meals, lodging, etc. for expenses while traveling on Medical Society Business.  If the President is also an AMA delegate for example, his expenses are paid from a separate budget as is for travel to the Annual Meeting, Board meetings, etc.

There is no formula.  The Finance Committee reviews the Presidents Budget and policy annually during the preparation of the upcoming year's annuals budget.

Post #482
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