48 Pages Posted: 29 Sep 2003
Date Written: September 2003
This paper presents the results of a survey of newspaper reports published between 1995 and 2002 of incidents involving allegations of criminal and civil wrongdoing by officers and directors of charitable organizations. Of the one hundred and fifty-two incidents found, one hundred and four entailed criminal activity, fifty-four involved breaches of the duties of loyalty and prudence - self-dealing, failing to carry out the mission of the charity, and negligent management of assets - while six fell into both categories. The authors set forth the limitations of a study of this nature and point to problems of governance that emerged from their findings.
Suggested Citation: Suggested Citation
Fremont-Smith, Marion R. and Kosaras, Andras, Wrongdoing by Officers and Directors of Charities: A Survey of Press Reports 1995-2002 (September 2003). Hauser Center for Nonprofit Organizations Working Paper No. 20. Available at SSRN: https://ssrn.com/abstract=451240 or http://dx.doi.org/10.2139/ssrn.451240