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Nonprofit Board Governance and Liability

presented by NBI, Inc.
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Summary

Nonprofit Board Governance and Liability

Workshop Description/Agenda

Safeguard Against Governance Land Mines

For the past decade or so, scandals involving public companies and the nonprofit sector have pushed tax-exempt organizations into the compliance spotlight. At the same time, nonprofits face significant financial constraints and increased competition for funds, and must demonstrate effective programs and efficient spending. Under continued pressure from government agencies, watchdog groups, funders, and constituents, exempt organizations need to ensure their governance and management practices leave no room for legal or financial error, and effectively advance the organization's mission. This fundamental course examines the key issues to be aware of, as well as recommended policies and practices to minimize liability and maximize effectiveness. Don't miss this opportunity to cover your bases - register today!

  • Stay up to date on IRS initiatives, regulatory actions and new GAO standards that affect tax-exempt organizations.
  • Walk through a nonprofit's lifecycle, examining the governance issues that can arise involving fiduciary duties, management practices, conflicts of interest and executive compensation.
  • Learn how to minimize liabilities through best practices in governance and management.

Agenda

11:00 AM - 12:30 PM Eastern Standard Time
Presenter: Dr. Jim J.S. Johnson

  1. Understanding the Context and Current Environment
    1. Highly Publicized Scandals in Public Companies and Nonprofit Sector
    2. Sarbanes-Oxley Act of 2002
    3. State Regulatory Actions
    4. Senate Finance Committee Hearings
    5. IRS Initiatives
    6. OMB A-133 ("Single Audit")/New GAO Standards for Auditors
    7. Watchdog Groups/Third-Party Reporting
    8. Response within Nonprofit Sector
    9. Who's Watching the Watchdog? Recent Focus on IRS Oversight of Nonprofits
  2. Recent Cases Involving Nonprofit Governance
  3. Fundamentals of Nonprofit Governance
    1. Defining Corporate Governance
    2. Governing Through the Lifecycle of an Organization
    3. Understanding the Connection Between Mission and Governance
    4. Understanding Roles - Governance vs. Management
    5. Fiduciary Duties of Directors and Officers Under State Law
    6. Tips for Directors and Officers in Discharging Duties
    7. Dealing with Conflicts of Interest
  4. IRS Focus on Governance
    1. Background - Federal Tax Law Principles Impacting Corporate Governance
    2. IRS Focus on Corporate Governance
    3. IRS Training Materials
    4. IRS Examination Materials - Governance
  5. Compensation Issues
    1. Determining Reasonable Executive Compensation
    2. Compensation Questions
    3. Compensation Reporting Requirements - Form 990
    4. Executive Compensation - Strategies for Compliance
    5. Planning Pointers in Establishing Compensation
  6. Managing Liabilities
    1. Implementing Best Practices in Governance and Management
    2. Working with Outside Professionals and Experts
    3. Indemnification and Insurance
    4. Managing Risk in Joint Ventures and Strategic Alliances

Who Should Attend

This fundamental course is designed for attorneys. It will also benefit CPAs and accountants, executive directors, presidents, vice presidents and officers, and trustees.

Additional Information

Training Provider: NBI, Inc.

Course Topics: Law Training > Nonprofit/Exempt

Training Course Summary: Nonprofit Board Governance and Liability


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Live Teleseminar Dates

JUN 18   11:00:00 TO 12:30:00 ET