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In a normal corporation, they would be empty shirts, because ultimately they serve at bequest of the share holders. But this is a non-profit so they actually ha
by 4death4 3y ago
In a normal corporation, they would be empty shirts, because ultimately they serve at bequest of the share holders. But this is a non-profit so they actually have a lot of power and don't need to answer to anyone.
- hyperliner 3y agoBut don’t they have to answer to the people who funded the nonprofit? I am ignorant, but you seem to be knowledgeable about this topic.
- mminer237 3y agoThey need to comply with any profit-sharing or loan repayments, but funders can't have any control. The only person who would have input into whether or not the board is properly fulfilling its non-profit mission would be the Delaware attorney general.
- dumpsterdiver 3y agoAs we are all witnessing, they have to answer to their employees.