July 28, 2015

In many cases, board members graciously donate their time and effort to further the cause of their chosen charitable organizations. The last thing on their minds is becoming involved in a nasty lawsuit or related litigation. Even more surprising to many board members is that their personal net worth and balance sheet may become subject to risk if they are not fulfilling their fiduciary duty, just as if they were a board member of a publicly held company such as General Electric or Google. Read the entire article.