§ 27-19.2-8. Compensation of officers and executives.
(a) There shall be a standing compensation committee of the board that shall develop proposed guidelines, for approval by the board, for compensation, including salary, bonuses, perquisites, and severance agreements, of all officers and executives that is reasonable.
(b) On or before December 31, 2004, the board shall file its proposed guidelines for executive compensation with the health insurance commissioner.
(c) No corporation organized pursuant to this chapter shall extend or maintain credit, arrange for the extension of credit or renew an extension of credit in the form of a personal loan to or for any director or officer, nor shall such corporation allow for or arrange any payments or obligations in violation of § 27-66-7.1.
History of Section.P.L. 2004, ch. 330, § 2; P.L. 2004, ch. 567, § 2.
Structure Rhode Island General Laws
Chapter 27-19.2 - Nonprofit Hospital and Medical Service Corporations
Section 27-19.2-1. - Legislative findings.
Section 27-19.2-2. - Definitions.
Section 27-19.2-3. - Mission statement contents.
Section 27-19.2-4. - Board of directors — Duties and functions of the board of directors.
Section 27-19.2-5. - Composition of the board of directors.
Section 27-19.2-6. - Actions requiring supermajority board approval.
Section 27-19.2-7. - Compensation of board members.
Section 27-19.2-8. - Compensation of officers and executives.
Section 27-19.2-9. - Code of ethics.
Section 27-19.2-10. - Nonprofit hospital and/or medical service corporations — Responsibilities.