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Great Expectations:
Nonprofit Organizations, Sarbanes-Oxley, and Best Practices
The nonprofit sector, once a rest area on
the highway of commerce, is generating increased interest both because of the
good work that it is doing and the large amount of money that it is currently
managing. This increased visibility has created an opportunity for the New York
Times and the Boston Globe to highlight alleged improprieties of a few private
foundations and large public charities. On occasion, we are asked by nonprofits
how they might develop governance safeguards to limit the risks of mismanagement
and scandal. Here
is our suggested approach. |
