The unclear status of nonprofit directors: an empirical survey of director liability.
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.
Siciliano
J
J
School of Business, Western New England College, Springfield, MA 01119.
Spiro
G
G
D002608:Charities / Q000331:legislation & jurisprudence; D005069:Evaluation Studies as Topic; D005376:Financial Management / Q000331:legislation & jurisprudence*; D006075:Governing Board / Q000331:legislation & jurisprudence* / Q000592:standards; D006740:Hospital Administrators / Q000331:legislation & jurisprudence; D016365:Liability, Legal; D009939:Organizations, Nonprofit / Q000331:legislation & jurisprudence / Q000458:organization & administration*; D012941:Social Responsibility; D011795:Surveys and Questionnaires; D014481:United States