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by Elizabeth Schmidt, on 11/1/04 8:00 AM
by Elizabeth Schmidt, on 3/3/03 8:00 AM
Are you thinking of becoming a member of a nonprofit board? Are you already on a board? If so, you probably hope to do a better job than the board members of so many of the corporations that were engulfed in highly publicized scandals last year. The failure of their boards to uncover wrongdoing at places like Enron, WorldCom, and Tyco made headlines around the world. Less noticed were failings in the nonprofit world. The entire board of the United Way of the National Capital Area, for example, resigned last fall amid allegations that the organization was misusing its funds. This article will give you some practical advice to help you avoid these pitfalls. Note: This article is provided for informational purposes only and is not intended to serve as legal advice.