41 Pages Posted: 13 Jan 2012 Last revised: 30 Jan 2014
Date Written: July 15, 2012
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: 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