Monday, May 11, 2009

The NonProfit Times - The Leading Business Publication For Nonprofit Management

The NonProfit Times - The Leading Business Publication For Nonprofit Management: "Conflicting Interests: What To Do And How To Do It

By Catherine Oetgen and Sarah Siegel

Charities are facing heightened scrutiny today from both regulators and the general public in situations where their directors, officers, and other insiders derive (or appear to derive) personal benefits from the organization.

Although conflicts of interest have traditionally fallen within the purview of state regulators, conflicts are now even more important with the Internal Revenue Service’s (IRS) recent introduction of the revised Form 990."

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