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There's a lot of speculation about this whole fiasco but strictly speaking the board would risk being in breach of fiduciary--as stewards of a charity--if they
by mmcwilliams 3y ago
There's a lot of speculation about this whole fiasco but strictly speaking the board would risk being in breach of fiduciary--as stewards of a charity--if they believed that an executive had misled them about the use of assets. It may piss off their donors because of a personal preference for the executive in question but it would be their responsibility to act accordingly.
- mlyle 3y agoYes... but my point is that this doesn't preclude them taking a couple of days to figure it out, let stakeholders know, avoid making a particularly dumb public statement, changing their mind because everyone is going to quit, etc. Here, there's been a statement that there's no malfeasance, too.