Duties of Nonprofit Corporate Directors – Emphasizing Oversight Responsibilities
Thomas Lee Hazen
University of North Carolina (UNC) at Chapel Hill - School of Law
Lisa Love Hazen
affiliation not provided to SSRN
July 15, 2012
North Carolina Law Review, Vol. 90, No. 6, 2012
UNC Legal Studies Research Paper No. 1984167
The law on nonprofit directors’ obligations is sparse. Nevertheless, in recent years nonprofit directors have faced increased scrutiny. This article explores this increased scrutiny and sheds light on the development of North Carolina nonprofit law as it pertains to directors’ duties. North Carolina imposes stringent duties on nonprofit directors including the duty of overseeing the nonprofits operations. However, following the pattern in most states there are limited avenues for holding directors accountable.
Number of Pages in PDF File: 41
Keywords: nonprofit, directors, fiduciary duties, North Carolina
JEL Classification: G30, L30, L31Accepted Paper Series
Date posted: January 13, 2012 ; Last revised: July 18, 2012
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