Wednesday, December 15, 2004

Buffalo News - Governance policies being changed by nonprofits

Buffalo News - Governance policies being changed by nonprofits: "Governance policies being changed by nonprofits
By JONATHAN D. EPSTEIN
News Business Reporter
12/15/2004

More than one of every three nonprofit organizations has changed their governance structures and policies in response to a federal corporate accountability law, even though the law doesn't technically apply to them, according to a survey by a Buffalo-based law firm.
About 36 percent of nonprofits in the study reported making some adjustments in how they operate, with 8 percent citing significant changes, according to a report by Jaeckle Fleischmann & Mugel LLP. Audit committee and board governance policies and procedures were the top targets for revision. "

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