Risk Management Resolutions

Risk Management Resolutions: "Who Can Sue a Nonprofit Board?
One of the myths associated with nonprofit D&O exposures is that there are few sources of claims since nonprofits don�t have shareholders. While it is true that the vast majority of lawsuits filed against nonprofit boards are filed by current and former employees (alleging wrongful employment practices), nonprofits serve large and varied constituencies to which their boards owe specific fiduciary duties similar to duties owed by corporate boards. These constituencies are potential plaintiffs in legal actions brought against nonprofit boards.Potential claimants in a suit against nonprofit directors include: "