Original Effective Date:
Revised Effective Date:
Chief Executive Compensation Policy
303.1 Policy Statement
The executive director is the chief executive of Alfalit, serves as the organization’s principal representative, and is responsible for the overall efficient operation of Alfalit. Accordingly, the board of directors agrees to provide fair and reasonable compensation for this leadership role. Alfalit’s Bylaws, Article VII – Executive Director, assigns this responsibility to the board of directors.
303.2 Policy Detail
a. The board of directors is committed to attracting and maintaining a competent leader through competitive compensation, including benefits.
b. Compensation for the Executive Director is considered separate from other staff compensation.
c. The executive committee is responsible for managing the annual executive director compensation process.
d. Annual increases for the executive director depend on the organization’s financial health and may or may not be awarded each year.
e. All conversations related to the executive director’s performance and compensation deliberations are maintained in confidence.