{"title":"Reducing nonprofit fiduciary liability: Mitigating your organization's risks","authors":"Scott Konrad, Cory Jorbin","doi":"10.1002/ban.31669","DOIUrl":null,"url":null,"abstract":"<p>Nonprofit organizations and their leaders, as sponsors and fiduciaries of group health and welfare plans, operate within a fluid regulatory environment. They must generally adhere to the same federal, state and local laws as their for-profit counterparts, but sometimes do so with less-stringent governance. They often rely on well-intentioned volunteer boards, streamlined human resource structures and a mission-driven focus that can overshadow meticulous attention to regulatory details.</p>","PeriodicalId":100192,"journal":{"name":"Board & Administrator for Administrators Only","volume":"40 9","pages":"1-4"},"PeriodicalIF":0.0000,"publicationDate":"2024-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Board & Administrator for Administrators Only","FirstCategoryId":"1085","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/ban.31669","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
Nonprofit organizations and their leaders, as sponsors and fiduciaries of group health and welfare plans, operate within a fluid regulatory environment. They must generally adhere to the same federal, state and local laws as their for-profit counterparts, but sometimes do so with less-stringent governance. They often rely on well-intentioned volunteer boards, streamlined human resource structures and a mission-driven focus that can overshadow meticulous attention to regulatory details.