Lack Of Governance Prime Target Of Regulators

The number one board governance issue that gets nonprofits in trouble is directors and senior leadership failing to be sufficiently active and informed.

That was the takeaway from a panel discussion during the recent public day of the annual conference of the National Association of Attorneys General (NAAG) and National Association of State Charity Officials (NASCO) at The Westin City Center in Washington, D.C.

Vernetta Walker, vice president for programs and chief governance officer at BoardSource; James Joseph, a partner with Arnold & Porter, LLP, and Tennessee Deputy Attorney General Janet Kleinfelter, who heads the Public Interest Division, participated in a panel titled, “Board education: Top 10 ways to get investigated and how board education can help prevent it.”

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Mark Hrywna, The Nonprofit Times