"We will look into the minimum information that is necessary for establishing policies to restrict concentration of wealth into
nonprofit corporations."
The most effective systemic change is to make it easier for
nonprofit corporations to walk through the exit door.
(7) But, with the notable exceptions of the whistleblower and document-retention provisions, Sarbanes-Oxley does not apply to
nonprofit corporations. (8)
Most jurisdictions subject directors of
nonprofit corporations to the same fiduciary standards that apply to directors of for-profit corporations.
New businesses (including
nonprofit corporations) often do not incorporate because their managers are nobly trying to reduce cash outflows, reduce burdens on volunteer (or meagerly paid) staff, or managers simply don't recognize the importance of incorporation.
nonprofit corporations, however, may vote by mail, telephone, telegram, cablegram, e-mail, or any other means of electronic or telephonic transmission, as long as it can be determined that the method of voting chosen was authorized by the member.
The second book, the Guidebook for Directors of
Nonprofit Corporations, is intended to be just that: an aid to directors of nonprofit organizations.
Janavs ruled that state law does not permit
nonprofit corporations to place any restrictions or conditions on their board members' inspection rights.
If these were classified as campaign contributions, it would be illegal for businesses, unions, and
nonprofit corporations to make them at all.
In September, the board of directors sought a legal opinion under the California
Nonprofit Corporations Code, which limits the power of members' initiatives.
28 Kyodo A total of 879
nonprofit corporations have failed to declare 14.94 billion yen in income in the year through June, tax officials said Thursday.
Two new state-specific CD-ROMs have been released, including Advising California
Nonprofit Corporations, from the California Continuing Education of the Bar (Berkeley, CA), and Law on Disc for Rhode Island, published by Lexis Law Publishing (Charlottesville, VA).
