Guidebook for Boards of Directors of Massachusetts Nonprofits
Essential tool for board compliance and accountability
- Product Number: 2050183EBK
- Publication Date: 11/23/2010
- Edition: 2nd Edition 2010
- Copyright: © 2010 MCLE, Inc.
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Designed as an essential resource to assist nonprofit board members in fulfilling their roles, the Guidebook for Boards of Directors of Massachusetts Nonprofits is filled with best practices, case scenarios and sound advice. It is a useful tool for avoiding liability; governing ethically and carrying out the mission of nonprofit organizations. Beginning with an in-depth review of the nature of a nonprofit and the documents necessary to its corporate existence and governance, the Guidebook goes on to explain how nonprofit board members are selected; who can (and should) serve; the functions of the board; the potential for board member liability; and the nature and enforcement of board members' fiduciary duties. Featured is a clear explanation of the basics of tax exemption that every board member must know; including state and local exemptions and disclosure requirements for tax-exempt entities.
Thank you for choosing to let MCLE | New England assist you in keeping up to date on developments in nonprofit law with this 2010 edition of our signature publication, the Guidebook for Boards of Massachusetts Nonprofits .
This updated guide to formation and operation reflects recent developments of concern to the nonprofit sector state-wide, such as:
- Specific requirements on hospitals to conduct community needs assessments and develop financial assistance policies;
- Massachusetts' adoption of the Uniform Prudent Management of Institutional Funds Act (UPMIFA) which lifts spending restrictions of charitable corporations;
- The impact of the IRS's advisory IR-2007-190, which addresses bans on political activity, including endorsements of candidates by charities and churches.
The book's author, Nancy Forbes, Esq. has been a partner at Ropes & Gray since 1985, practicing in its Boston and San Francisco offices. Her practice focuses on the representation of academic medical centers, children's hospitals, and multi-provider systems. She has handled numerous healthcare mergers, acquisitions, and joint ventures, and in that capacity has advised on all aspects of corporate and regulatory diligence and negotiated the resulting price adjustments and indemnity provisions. She provides advice to client audit committees and governing boards on disclosure and financial reporting obligations and related corporate compliance activities. She is a fellow of the American Health Lawyers Association and is recognized in both Chambers USA: America's Leading Lawyers for Business and in The Best Lawyers in America .
We at MCLE | New England trust that you will find this new edition useful in your law practice and valuable in keeping your business law library current.
MCLE | New England Press
- Update: 2010
- Table of Contents
- Editors & Authors