(University of Oregon School of Law, 2007) Silber, Norman I.
Prompted by economic, political, and cultural changes
buffeting the nonprofit sector, public demand for greater
financial accountability on the part of nonprofit organizations
has intensified in recent decades. Increasingly, this demand is
reflected by the imposition of new legal standards on directors
and managers, and also on the employees and consultants on
which they rely. These newer impositions include additional federal and state disclosure rules, changes to state corporation laws and federal tax laws, and stringent court interpretations of
existing common-law fiduciary duties.
