Abstract

Corporate governance has attracted much attention lately, justifiably many would argue. In the past couple decades, important legislative changes and public pressure have driven rapid changes in board governance and reporting, much focused on executive compensation, in particular. Still, there seems to be less focus on these issues in nonprofit organizations. This despite the fact that more than one-quarter of Americans volunteered through or for an organization last year, with the likely majority of these organizations being nonprofits. Adjusting for organization size, however, cash pay is not that different in for-profits and nonprofits. Resources exist for helping nonprofit boards govern effectively, and the good news is that this support is growing. The author suspects that, compared to boards of for-profits, there is less business experience, less compensation experience and less onboarding of new members of nonprofit boards. As a result, members of nonprofit boards could always use additional resources for helping them serve their constituents effectively.

Document Type

Article

Publication Date

5-2012

Publisher Statement

Contents © 2012. Reprinted with permission from WorldatWork. Content is licensed for use by purchaser only. No part of this article may be reproduced, excerpted or redistributed in any form without express written permission from WorldatWork.

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