Stewardship in Action

Healthcare Executive,  September, 2007  by Totten, Mary K; Orlikoff, James E

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Maximizing asset productivity.

It is widely accepted the public company scandals that gave rise to the Sarbanes-Oxley Act of 2002 raised the bar on governance performance and accountability for all boards. Most Sarbanes-Oxley provisions, however, do not apply directly to nonprofit boards. And, according to Healthcare attorneys Frederic J. Entin, Janice A. Anderson and Katherine S. O'Brien of Foley & Lardner LLP, diere is concern that with all the attention on governance prompted by Sarbanes-Oxley, nonprofit boards may get distracted from the more fundamental responsibilities and legal ...

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