We've been following the?Penn State situation?closely. ?The responses of the university and its various constituents and the?NCAA?to this unprecedented institutional disaster will inform our advice to our college, university, institutional and nonprofit clients going forward in so many contexts, including employment matters, athletics compliance, board governance and leadership, institutional structure and reporting, and compliance generally, among others. ?And like the?Sarbanes-Oxley?reforms years ago, which were mandatory for publicly held companies and accepted to a large extent as best practices for private businesses, institutions and non-profits, the Penn State case raises awareness of nonprofit board accountability generally. ?
This is a subject of great interest at our firm, because we not only represent a large number of institutional and nonprofit clients, but virtually all of us are directly involved in the nonprofit community as engaged directors and volunteers, supporting and leading nonprofits through good times and challenges. ?Read the full post....
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Source: http://blog.dinse.com/journal/2012/8/11/good-time-to-focus-on-nonprofit-board-accountability.html
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