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It shows nonprofit boards wield outsize power and need strict governance, e.g., conflicts of interest, empty board seats.
by himaraya 3y ago
It shows nonprofit boards wield outsize power and need strict governance, e.g., conflicts of interest, empty board seats.
- jacquesm 3y agoAll of which should have been covered in the paperwork.
- himaraya 3y agoHence the need for strict governance. I can't think of another board with so many board seats empty, to say nothing about conflicts of interest.
- jacquesm 3y agoThat's another item, actually. When there are a lot of vacancies on the board you don't make controversial decisions if you can avoid them for fear of being seen as acting without sufficient support for the decision. Especially not if those decisions have the potential to utterly wreck the thing you are supposed to be governing.
- himaraya 3y agoShareholders check the power of corporate boards, unlike nonprofit ones, so not a surprise.