Nonprofit Boards and CEO Employment Contracts: What They Are, What Is In Them, and Why Both Boards and CEOs Should Agree to One

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by James Abruzzo

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Nonprofit Boards and CEO Executive Contracts presents the latest information for nonprofit board members hiring a CEO and for executives offered a nonprofit CEO position. For those nonprofit organizations and CEOs already with employment agreements, this book is a handy reference to ensure that all the terms provided in a contract are covered and that the nonprofit organization and the CEO are protected. The book is written for volunteers and executives in aquariums, performing arts centers, educational nonprofits, foundations, museums, social service, social justice organizations, zoos, and other 501(c)3 or 501(c)4 organizations. CFOs and Human Resources Officers will also find Nonprofit Contracts valuable as they process the CEO contract and oversee contracts for others in the organization. Written by James Abruzzo, an executive recruiter, management consultant, and compensation specialist for nonprofit boards and CEOs. He is the Global Head, Nonprofit Practice for DHR Global, an international executive search and leadership consulting firm. He is also President of Abruzzo Associates, a compensation consulting and employment contract negotiating company. He is one of the few consultants retained by nonprofit CEOs to negotiate employment contracts on their behalf. He also serves as an expert witness in nonprofit employment cases and provides best practices advice to nonprofit boards. He was Co-founder and Director of the Institute for Ethical Leadership at Rutgers Business School. He has served as a professor of practice at graduate schools of arts management in Bologna, Milan, and Berlin. The Board Chair of a major Midwest museum describes the book as a "thoughtful and informative guide from his many years of advising both nonprofit boards and CEOs on a topic we should all become more familiar with: employment contracts. I suggest that you add this e-book to your recommended reading list." "Nonprofit Board and CEO Employment Contracts" is a 'how to' book and an informative, easy-to-follow guide for the board members and CEOs of large and small nonprofit organizations. Topics covered are: what is an appropriate salary and how to determine it; are bonuses standard in a nonprofit organization? Which benefits are expected, appreciated, and which should be avoided; what retention tools are available to attract and retain a great CEO, and how can they be implemented; the relationship between the employment contract and succession planning; once the contract is completed, who is responsible for administering it? According to the President of a Children's Hospital Foundation, "This book should be given to every incoming CEO or board chair engaged in the succession planning process. It is a quick and comprehensive read that offers transformative insights and reflects the expertise James has developed over his career. Every word reflects his scope and depth of knowledge of the subject. It is a must-read guide on how to do right." If you serve on a nonprofit board or are a CEO, you will benefit from this book on your e-bookshelf. And for those aspiring to lead a nonprofit organization, you will find the ideas and tools to help you maximize your income while strengthening the bond with your board. The Chief Human Resource Officer of a $50 million nonprofit organization wrote: “One of the most significant undertakings of a board is the employment of a CEO. Abruzzo is spot-on with his points about an employment contract. Ambiguity leads to translation of intent after the fact. I strongly endorse James’ suggestions as they remove the advantage to either employee or employer. A clear, fair understanding between all parties highlights the issuesthat tend to be important to all.” Learn more about James Abruzzo at www.jamesabruzzo.net

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