Monday, January 03, 2005

Corporate governance rules coming to nonprofits - 2005-01-03 - San Francisco Business Times

Corporate governance rules coming to nonprofits - 2005-01-03 - San Francisco Business Times: "Corporate governance rules coming to nonprofits
Sarah Duxbury
The nonprofit sector will start to look more like the for-profit world in 2005.

A new Sarbanes-Oxley-esque law governing nonprofits' accounting, board structure and fund-raising standards will require new efforts by organizations -- and their lawyers and accountants -- to remain compliant. Signed by Gov. Arnold Schwarzenegger, the state's Nonprofit Integrity Act may also show if future Pipevine scandals can be prevented. "

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