The nonprofit world greeted the passage of Sarbanes-Oxley two years ago largely with relief that the corporate governance law did not apply to them. But in the wake of scandals at The Nature Conservancy and elsewhere, more and more nonprofit GCs are rewriting corporate charters, redrafting conflict-of-interest policies, and performing costly examinations of their internal controls. Are they trying to do good or just hoping to fend off federal oversight?
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With Charity for All?
Corporate Counsel
January 26, 2005
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