Thursday, May 07, 2015

Boards under Greater Regulatory Scrutiny for Lack of Care - NPQ - Nonprofit Quarterly

Boards under Greater Regulatory Scrutiny for Lack of Care - NPQ - Nonprofit Quarterly: "The result could be that increased scrutiny will be placed upon nonprofits that often fly under the radar. With nonprofits making up over five percent of America’s gross domestic product and nine percent of all wages, this could mean a big impact.

“I consider it my responsibility to promote and protect the nonprofit sector,” the New York Times recently quoted New York’s attorney general Eric T. Schneiderman as saying. “In part, we do that by aggressively investigating and prosecuting fraud. But we work just as hard to prevent mismanagement before it starts and, whenever possible, get troubled charities back on track.”"



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