The law on nonprofit directors' obligations is sparse. Nevertheless, in recent years nonprofit directors have faced increased scrutiny. This article explores thThomas Lee HazenLisa Love HazenSocial Science Electronic PublishingHazen, T.L., and Hazen, L.L., 2012. Duties of nonprofit corporate ...
The board of directors is the ultimate authority of a nonprofit corporation and ultimately responsible for its activities and affairs. Directors must each meet their fiduciary duties of care and loyalty in their actions and decision-making. They should do so with a focus on furthering the nonprofi...
usually at anonprofit. Their duties are similar to those of achief executive officer(CEO) of a for-profit company. The executive director is responsible for strategic planning, working with the board of directors (B of D), and operating within a budget. ...
This is a commonly asked question when structuring the governance and management of a nonprofit corporation. Is it the president or chair of the board? Do nonprofits need to maintain both of these positions? And how does an executive director fit into this equation? Directors vs. Officers It’...
In a non-profit organization, the executive director, sometimes called CEO, performs most of the duties that the president of a small business would perform. The person with the title of president is actually president of the board of directors, although some nonprofits use the title "board cha...
In a corporation, a board of directors is an appointed group that oversees the business. Members of the Federal Reserve's board of governors are nominated by the president and confirmed by the Senate.1 A competent and well-organized board of governors is seen as a key component of the succ...
Boards of directors under fire: an examination of nonprofit board duties in the health care environment. Attorney Ono presents a detailed discussion of fiduciary duty principles as applied to the directors of nonprofit health care corporations in the current h... N Ono - 《Annals of Health Law》...
How Directors of Financially Distressed Companies Can Avoid Personal Liability If you are serving on the board of directors of a biodiesel company, you are likely well aware of the fiduciary duties that directors owe to the company and the company's shareholders. These fiduciary duties include the...
Carefully planning your variety-show fundraiser may mean the difference between producing a blockbuster or a bomb. There are more than 1.5 million nonprofit organizations in the United States -- all competing for the same charitable dollars -- according to 2009 data provided by the National Center...
Working as a membership chairperson is a highly visible role in an organization. Charitable, professional development and other not-for-profit organizations that are member-driven typically have this role on their board of directors. Depending on the rul