Duties of Nonprofit Corporate Directors – Emphasizing Oversight Responsibilities

41 Pages Posted: 13 Jan 2012 Last revised: 30 Jan 2014

Thomas Lee Hazen

University of North Carolina (UNC) at Chapel Hill - School of Law

Lisa Love Hazen

affiliation not provided to SSRN

Date Written: July 15, 2012

Abstract

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.

Keywords: nonprofit, directors, fiduciary duties, North Carolina

JEL Classification: G30, L30, L31

Suggested Citation

Hazen, Thomas Lee and Hazen, Lisa Love, Duties of Nonprofit Corporate Directors – Emphasizing Oversight Responsibilities (July 15, 2012). North Carolina Law Review, Vol. 90, No. 6, 2012; UNC Legal Studies Research Paper No. 1984167. Available at SSRN: https://ssrn.com/abstract=1984167

Thomas Lee Hazen (Contact Author)

University of North Carolina (UNC) at Chapel Hill - School of Law ( email )

Van Hecke-Wettach Hall, 160 Ridge Road
CB #3380
Chapel Hill, NC 27599-3380
United States
919--962-8504 (Phone)

Lisa Love Hazen

affiliation not provided to SSRN ( email )

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