Wednesday, September 5, 2007

SB 190 Passes Assembly: Executive Compensation Packages

Senate Bill 190, the Higher Education Governance Accountability Act, has passed the Assembly. The bill requires that CSU executive compensation packages be voted upon by the Board of Trustees in open session. SB 190 also requires full disclosure and rationale for each compensation package, and requires that the Trustees allow for public comment. Compensation includes salary, benefits, perquisites, severance payments, retirement benefits, or any other form of compensation.

The author of SB 190 is Senator Leland Yee (D-San Francisco/San Mateo).

“Today’s votes send a very clear message to the UC and CSU: end the culture of secrecy,” said Yee. “SB 190 will bring much needed sunshine to executive compensation discussions, provide members of the media the democratic access they deserve, and help restore the public’s trust.”
The CSU has been less than forthright about executive compensation:
SB 190 comes after a series of audits, lawsuits and other revelations found that the UC and the CSU failed to get public approval from the Regents or Trustees for compensation packages and that some top executives were paid more than what was released to the public.

Legislature continues scrutiny of UC, CSU (California Chronicle)
Summary (Bill Analysis) of SB 190
SB 190 Documents (LegInfo)

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