Board liability : guide for nonprofit directors / Daniel L. Kurtz.
| Author/creator | Kurtz, Daniel L. |
| Format | Book |
| Edition | First edition. |
| Publication Info | Mt. Kisco, NY : Moyer Bell Limited, ©1988. |
| Description | xiv, 179 pages ; 23 cm |
| Subjects |
| Contents | An overview of the nonprofit sector. The range of the nonprofit world ; The essential characteristics of nonprofits ; Profit-making and nonprofit corporations -- The composition and structure of nonprofit boards. Board service and composition ; The need for committees ; Directors are monitors, not managers ; Basic oversight committees ; Legal limitations on committees -- What nonprofit boards do. Internal management functions ; External management functions ; Legal theory versus board reality ; Officers and staff -- The responsibilities of directors. How the law expects directors to act ; The duty of care ; The applicable standard of care ; What the duty of care means ; Good faith ; Best interests ; Ordinarily prudent person ; Care ; In a like position, under similar circumstances ; Reliance and delegation ; Legal limits on reliance and delegation ; Special nonprofit considerations ; Case studies from the real world ; Case studies: the duty of care ; The passive director ; The faithless officer ; Using experts (and staff) ; The business judgment rule ; Case studies: the business judgment rule ; Risk-taking can be prudent ; What is enough information? ; The duty of loyalty ; The nature of the duty ; The statutory formulations ; Courts' views of loyalty transgressions ; How to avoid and manage conflicts of interests ; Loans to directors ; Case studies: the duty of loyalty ; Where's mine? ; The charismatic executive ; Making friends and influencing people ; Doing well by doing good ; The duty of obedience ; The importance of obedience to nonprofits ; The legal rationale and limitations ; The duty of obedience and "law compliance" ; Case study: the duty of obedience ; Ghettos as gardens -- Why directors get sued. How liability arises ; Enforcing directors' duties ; Third-party lawsuits ; Statutory liabilities ; The new dispensation -- Protection: indemnification and insurance. Indemnification ; Indemnification statues ; How the indemnification statutes work ; The need for insurance ; How D&O insurance works ; Gaps in D&O coverage ; Alternatives to insurance. |
| Abstract | Identifies the legal responsibilities of the directors of nonprofit organizations, describes the structure of nonprofit boards, and covers indemnification and insurance. |
| Bibliography note | Includes bibliography (pages 117-168) and index. |
| LCCN | 87035022 |
| ISBN | 0918825652 : |
| ISBN | 9780918825650 |
| ISBN | 0918825660 (pbk.) : |
| ISBN | 9780918825667 (pbk.) |