Comparative Analysis: Ceo Compensations in the Non-Profit Sector in United States and European Union
Comparative analysis: CEO compensations in the non-profit sector in United States and European Union
GiedreTuinylaite (3480585) Xin Charlie Chen (3617378) Utrecht University
Table of Contents 1.Introduction 3 2.Theoretical background 4 2.1. Endowment funds 4 2.2.Nonprofit organizations 5 2.3.Public charities and Private foundations 5 3.Legal Analysis of not-for-profit corporations in the United States 6 3.1. Rule of law for nonprofits in New York, California and Texas 6 3.2. Internal Revenue Service 7 3.3. Uniform Prudent Management of Institutional Funds Act 8 4. Comparing restriction on compensation for Non-profit organizations of the USA with the EU 8 4.1 Theoretical Background 8 4.2 Executive Compensation in European Non-For-Profit Corporations 9 4.3 In comparison to the United States 10 5.Conclusion 10 Bibliography 12
1.Introduction
Up until early 1990s the main investors into companies in the United States were individual investors. However, just after rapid development of means of communication, institutional investors started to become major players in the investment world (S.L. Gillan, 1999). All around there are many types of institutional investors who have their own rules for investors. Those institutions are: investment banks, insurance companies, mutual funds, pension funds, companies and endowment funds. The scope of this research will only involve the endowment funds, as it is an area, which is not as well researched as the other types of institutional investors.
There is a lot of research made based on the executive pay
GiedreTuinylaite (3480585) Xin Charlie Chen (3617378) Utrecht University
Table of Contents 1.Introduction 3 2.Theoretical background 4 2.1. Endowment funds 4 2.2.Nonprofit organizations 5 2.3.Public charities and Private foundations 5 3.Legal Analysis of not-for-profit corporations in the United States 6 3.1. Rule of law for nonprofits in New York, California and Texas 6 3.2. Internal Revenue Service 7 3.3. Uniform Prudent Management of Institutional Funds Act 8 4. Comparing restriction on compensation for Non-profit organizations of the USA with the EU 8 4.1 Theoretical Background 8 4.2 Executive Compensation in European Non-For-Profit Corporations 9 4.3 In comparison to the United States 10 5.Conclusion 10 Bibliography 12
1.Introduction
Up until early 1990s the main investors into companies in the United States were individual investors. However, just after rapid development of means of communication, institutional investors started to become major players in the investment world (S.L. Gillan, 1999). All around there are many types of institutional investors who have their own rules for investors. Those institutions are: investment banks, insurance companies, mutual funds, pension funds, companies and endowment funds. The scope of this research will only involve the endowment funds, as it is an area, which is not as well researched as the other types of institutional investors.
There is a lot of research made based on the executive pay