The Unclear Status of Nonprofit Directors:
- 23 April 1992
- journal article
- review article
- Published by Taylor & Francis in Administration in Social Work
- Vol. 16 (1) , 69-80
- https://doi.org/10.1300/j147v16n01_06
Abstract
Nonprofit boards of directors are fiduciaries for the organization. However, there have been various legal interpretations of their duties. The authors review the conflicting standards of conduct that exist, and they report the results of a survey which sampled director opinion concerning the liability issue. The proposition that directors were unaware of their legal responsibilities was supported, and the implications of this finding for organizational procedures and public policy are discussed.Keywords
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