Oregon Law Review : Vol. 86 No. 1, p.065-098 : Anticonsultative Trends in Nonprofit Governance
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.