Lessons from Enron for Directors of Nonprofit Organizations
Names like Enron, Worldcom, Tyco, Bernie Ebbers, Martha Stewart have become notorious in recent months due to a wave of scandals hitting corporate America.
Widesweeping reforms are being proposed. Prosecuters are cracking down on violators of existing laws.
But how does this apply to your organization's nonprofit board of directors?
What current and future laws and regulations impact your board with respect to:
- Conflicts of interest,
- Director conduct,
- Executive compensation,
- Board liability, and
- Boards and corporate compliance?
This program will benefit all nonprofit executives and their boards of directors.
By attending this program, attendees will learn how directors can meet their duties to their nonprofit organization while avoiding the pitfalls, problems and potential liabilities illustrated by the Enron debacle. Attendees will also learn how the standard and rules embodied in the new federal legislation for publicly-traded companies relate to nonprofit directors and corporations.
Melinda A. Agsten a partner at Wiggin & Dana
Maureen Weaver a partner at Wiggin & Dana.
3:30 — 4:00 PM
4:00 — 6:00 PM
- Overview of governance and the role and responsibilities of a board
- What went wrong with governance and director conduct in Enron, Worldcom and other co's.
- New federal legislation for boards and directors
- Standards for boards of nonprofit corporations
- Conflicts of interest
- Intermediate sanctions
- Liability issues