Charitable Insolvency and Corporate Governance in Bankruptcy Reorganization

  title={Charitable Insolvency and Corporate Governance in Bankruptcy Reorganization},
  author={Reid K. Weisbord},
  journal={Corporate Governance \& Law eJournal},
Poor corporate governance is a pervasive problem in the charitable nonprofit sector. Prominent examples of mismanagement and abuse include instances of intentional misconduct, such as embezzlement and unauthorized self-dealing, and negligent conduct, such as failure to diversify the organization’s investment assets. In numerous cases, the lack of good corporate governance had led to the financial distress or failure of a charitable nonprofit firm. A rich literature on nonprofit law has… Expand
2 Citations
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Charitable Insolvency and Corporate Governance in Bankruptcy Reorganization Berkeley
  • Business Law Journal
  • 2013