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Principles for Good Governance and Ethical Practice

Principles for Good Governance and Ethical Practice
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Release: 2015-02-15
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ISBN: 9780929556017

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Maintaining the public trust is key to preserving the charitable sector's diversity, adaptability, and capacity for innovation and impact. Looking to ratchet up your nonprofit's effectiveness and accountability? Principles for Good Governance and Ethical Practice is a foremost guide for sound and successful practice by public charities and private foundations in the U.S. today. Thirty-three principles succinctly provide clarity on critical questions concerning legal compliance and public disclosure, effective governance, financial oversight, and responsible fundraising. First published in 2007, the utility of these principles has been widely demonstrated, with more than 200,000 copies distributed nationwide. This 2015 updated edition, with legal citations, provides considerable additional value, reflecting changes in the law as well as the new circumstances in which the sector functions, and new relationships within and between sectors. It is the work product of 21 leaders from the nonprofit and philanthropic sector, convened by Independent Sector, a national nonpartisan coalition of nonprofits, foundations, and corporations founded in 1980. These new highlights include principles applying to:* A Code of Ethics* Whistleblowers* Risk tolerance and mitigation as they concern technology advances* New business and earned income opportunities* Transparency versus privacy* Executive compensation* Overhead costs* FundraisingAs never before, charitable organizations are embracing the need for standards of ethical practice that preserve and strengthen the public's confidence. Principles for Good Governance and Ethical Practice is the guide to keep on your shelf and share with your board and other stakeholders.