December 11, 2003
One in Five Charity Boards Changed Policies in Past Year
A federal law intended to improve corporate governance and accountability has had relatively little impact on nonprofit organizations, according to a new survey.
Just one in five of the more than 300 nonprofit officials surveyed said their organizations had made any changes as a result of the Sarbanes-Oxley Act, which Congress passed last year in the wake of scandals involving several major corporations. The law is intended to ensure that the boards of publicly traded companies have
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