Example for Illustrative Purposes Only.
2.7 With respect to employment, compensation, and benefits to employees, consultants, contract workers and volunteers, the CEO will not cause or allow jeopardy to fiscal integrity or to public image.
The CEO will not:
2.7.1 Change the CEO’s own compensation and benefits, except as his or her benefits are consistent with a package for all other employees.
2.7.2 Promise or imply permanent or guaranteed employment.
2.7.3 Establish current compensation and benefits that deviate materially from the geographic or professional market for the skills employed.
2.7.4 Create obligations over a longer term than revenues can be safely projected, and in all events subject to losses in revenue.
2.7.5 Establish or change pension benefits so as to cause unpredictable or inequitable situations, including those that:
- 18.104.22.168 Incur unfunded liabilities.
- 22.214.171.124 Provide less than some basic level of benefits to all permanent full time employees, though differential benefits to encourage longevity are not prohibited.
- 126.96.36.199 Treat the CEO differently from other key employees.
Credit for developing examples of policies consistent with Policy Governance principles is due to John Carver and Miriam Carver, the co-Authoritative Sources for Policy Governance.
Refer to: Reinventing Your Board: A Step-By-Step Guide to Implementing Policy Governance. Co-authored with Miriam Carver. San Francisco: Jossey-Bass, 1997; 2nd edition, 2006.