Amendment #709 to H4000

Executive Compensation Study

Representatives Andrews of Orange, Kuros of Uxbridge, Farley-Bouvier of Pittsfield, Keefe of Worcester, Ehrlich of Marblehead and Garry of Dracut move to amend the bill by adding the following section:

“SECTION XXXX. The office of the inspector general shall study and report on the feasibility of setting limits on the annual compensation of the executive staff of a corporation, non-profit, or public charity that receives any public funds from the commonwealth equal to or greater than 1 per cent of the yearly budget of such corporation, non-profit, or public charity. The office of the inspector general shall report its findings and recommendations, together with drafts of legislation necessary to carry those recommendations into effect, by filing the same with the clerks of the house of representatives and senate and the house and senate committees on ways and means not later than December 31, 2014”.