S821
An Act allowing fair compensation of Massachusetts credit union directors
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill aims to establish fair compensation standards for directors serving on Massachusetts credit unions. Currently, there isn't a clear framework for determining appropriate director compensation, leading to potential concerns about equity and value. The legislation seeks to address this by creating guidelines and potentially a process for setting director fees. This would ensure credit unions can attract and retain qualified individuals to serve on their boards.
Sponsors
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Primary sponsor
Pavel M. Payano
Cosponsor
Pavel M. Payano
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