Our nonprofit has two boards: a foundation and executive board. Some members are on both boards & actually influence both boards, irrespective of bylaws. Is this practice legal and acceptable?
You don't give me enough information to understand the relationship between the two boards. You may get some help from two Ready Reference Pages; "The Key Question: Whose Organization Is It?"; and "Charities Weigh Restructuring to Protect Assets."
Wednesday, November 5, 2008
Add new comment