October 31, 2002
A New Measure for Accountability
Many nonprofit leaders probably sighed with relief this summer when Congress passed the most far-reaching corporate-accountability legislation in decades. Not only would the legislation restore confidence in the stock market and therefore, they hoped, help battered endowments, but it seemed that only businesses -- and not nonprofit groups -- would face the imposing burden of changing policies to comply with the new law.
But in reality, nonprofit groups will need to pay close
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