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Survey of nonprofit board governance shows mixed results
Nonprofit and Church Legal Trends - Free Edition - September October 2007 (free edition)
Despite increased scrutiny on corporate governance in the wake of Sarbanes-Oxley legislation, many charities have failed to adopt the same reforms as their for-profit counterparts. A recent study by the Urban Institute in Washington D.C. reveals less than stellar board practices, causing significant concern. Among its findings, over 20 percent of nonprofit groups make insider deals with board members, many others have not adopted conflicts of interest policies and many others do not even keep adequate minutes of the decisions etc.
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