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Nyemaster Goode Attorney Comments on Fiesta Bowl Report

Bill Boyd, a shareholder in the firm's Business, Finance, and Real Estate Department, and chairman of the American Bar Association's Committee on Nonprofit Organizations, in comments on a recent Fiesta Bowl report describing alleged corruption and inappropriate spending by the game's top executives, addressed some of the responsibilities directors of non-profit organizations have related to their role as watchdogs.

In an interview with The Arizona Republic, Bill said "there are 'gray areas' when deception occurs because board members are entitled to rely on financial statements and other information prepared by agency managers.

"On the other hand, he noted, 'Ignorance is not a defense. There is some expectation that directors will educate themselves . . . and, whenever there are red flags, ask questions.'"

Bill was responding to a reporter's questions about a 276-page investigative report conducted by a former U.S. prosecutor and former FBI agents. The report focused on alleged cover-up efforts within Fiesta Bowl offices that began after The Arizona Republic detailed employees' complaints of questionable campaign contributions and lobbying.

Read more: http://www.azcentral.com/news/articles/2011/03/29/20110329fiesta-bowl-report-top-executives-focus.html#ixzz1ICMTlKiJ



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