4 ms·
From a legal point of view, they are correct: non-profits do not have shares, so they do not have shareholders, and it's the board that wields ultimate authorit
by resolutebat 3y ago
From a legal point of view, they are correct: non-profits do not have shares, so they do not have shareholders, and it's the board that wields ultimate authority.
Of course in real life non-profits are funded by donors, who thus have a great deal of practical power over what happens, and you can also do things like sue the non-profit for deviating from its mission.