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The Sarbanes-Oxley (SOX) bar has been raised--is your nonprofit board up to the task? Nonprofit boards are in a fishbowl of scrutiny much like their private sector counterparts. With recent media focus on investigations of false charities, and more disturbingly, of household-name nonprofits that have abused donor trust by misdirecting donations, the heat is on the nonprofit board to rehabilitate its organizational profile. Encouraging boards to reclaim their role as the ultimate authority within their nonprofit, nationally recognized nonprofit expert Dr. Peggy Jackson supplies tips for leveraging the power and value of SOX requirements within the nonprofit organization. Containing sample documents, forms, and checklists to introduce best practices into any nonprofit organization, this complete guide is a practical, hands-on tool for equipping your nonprofit's board toward a higher quality of control. Relevant for both the large and small nonprofit organization, this must-have book effectively brings pragmatic clarity to a complex topic, and explains how to blend Sarbanes-Oxley requirements into the nonprofit organization, with topics including: Common factors that contribute to nonprofit board dysfunction Moving nonprofit governance into the twenty-first century Intervention techniques for moving your board forward Establishing strategies for lasting change Creating a platinum standard for governance Helping your nonprofit board understand and implement SOX requirements, Sarbanes-Oxley for Nonprofit Boards will be indispensable as a guide and will reinforce your nonprofit's financial structure and reputation.
Is your nonprofit organization ready for increased scrutiny,
reporting requirements, regulations, and increased expectations
from donors? This combination reference/workbook prepares you and
shows you how Sarbanes-Oxley best practices can benefit your
organization. It includes: A structured description of
Sarbanes-Oxley and its implications for nonprofitsDetailed
discussions on governance, including financial literacy for board
members, new standards of accountability for boards, and best
practices for nonprofit managementSample documents, procedures, and
frameworks to help you implement best practicesWorksheets, forms,
and resource materials in each chapterA "walk-through" of typical
financial statements and sample documents such as a Conflict of
Interest policy, board orientation curriculum, a Whistleblower
Protection policy, a Document Preservation policy, and a
fundraising plan. Implementing proven best practices stemming from Sarbanes-Oxley can diminish organizational dysfunction, promote a solid infrastructure, and propel your organization to the platinum standard of operations and governance, giving your organization the competitive advantage in today's demanding nonprofit environment.
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