Nyemaster Goode, P.C.
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Nonprofit board directors have a legal, ethical ‘duty of care’

April 5, 2011

An investigation into alleged inappropriate spending and corruption in the upper ranks of the Fiesta Bowl has some top Arizona executives under scrutiny. The CEO of the Fiesta Bowl has been fired after a Fiesta Bowl independent special committee issued a report uncovering various alleged improprieties, including an apparent scheme to reimburse improper campaign contributions, unauthorized and excessive compensation, and non-business and inappropriate expenditures. However, the investigation leads to a question: How much responsibility do board members bear? 

Nyemaster Goode's Willard L. Boyd III is the chairman of the American Bar Association's Committee on Nonprofit Organizations. He weighed in on the subject. Read more
 

Willard L. Boyd III

 
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