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Does An Independent Board Improve Nonprofit Corporate Governance?, Kathleen M. Boozang
Does An Independent Board Improve Nonprofit Corporate Governance?, Kathleen M. Boozang
Kathleen M. Boozang
No abstract provided.
Does An Independent Board Improve Nonprofit Corporate Governance?, Kathleen M. Boozang
Does An Independent Board Improve Nonprofit Corporate Governance?, Kathleen M. Boozang
Kathleen M. Boozang
A variety of forces have converged to pressure nonprofit boards to follow the lead of the for-profit sector to become independent, even while empirical evidence from the business sector suggests that board independence from management is not fulfilling expectations, and may be related to weakened firm performance. This background, and the paucity of governance studies in the nonprofit sector, suggests that nonprofits are prematurely jumping onto the independent board bandwagon. There is no convincing articulation of why nonprofit boards should be independent–what is it that independent boards are supposed to be able to uniquely accomplish, how many independent directors are …