TELESEMINAR: Corporate Governance for Nonprofits – A National Perspective
July 11, 2013
12:00 – 1:00 p.m.
1.00 MCLE hours
Governance of nonprofit and tax exempt organizations has only grown more challenging in recent years. Many nonprofits have had to modify their missions or merge with other organizations to survive. Managing endowments in a climate of extreme market volatility has become more complex and risky. The IRS and state attorneys general have become more exacting in examining nonprofits and the compliance burdens for organizations have grown more substantial. There are also the continuing challenges of attracting and retaining talented management to fulfill the nonprofit’s mission. This program will provide you with a real-world guide to major governance issues for nonprofits, including fiduciary duties of directors and officers, managing endowments, executive compensation issues, compliance and conflicts of interest.
- Understanding fiduciary duties (and liability) of nonprofit directors and officers
- Managing endowments in a climate of market volatility
- Conflicts of interest between the nonprofit and its officers and directors
- Issues related to doing business with profit-making ventures
- Compliance under federal tax law and state law, including Form 990
- Best practices for determining executive compensation
Michele A. W. McKinnon, McGuireWoods, LLP, Virginia
Michael Lehmann, Manatt, Phelps & Phillips, LLP, New York