Question
Complete Assignment 1.2 Proposing Improvements to a Nonprofit's Accountability Standards on page 14 of Weikart using the 33 Principles of Good Governance. Feel free to
Complete Assignment 1.2 Proposing Improvements to a Nonprofit's Accountability Standards on page 14 of Weikart using the 33 Principles of Good Governance. Feel free to use other sources, but always use your own words and site sources.
Here are some additional tips to get you off to a good start with case studies in our class:
Identify the issue at hand: A nonprofit organization controlled by one person with no oversight by the board of directors, which resulted in large-scale embezzlement and conflicts of interest. Focus on what the case study is asking for: If you were asked by the Board of directors of the United Way to improve the organizations accountability standards, what advice would you give the board? Where do you look for solutions? Your text had some general guidance but the 33 Principles for Good Governance and Ethical Practice is the ideal place to look for specific solutions. The solution phase of the case study is the most important part of the assignment so please give this your best effort. The text said to assume United Way had several working committees and an annual audit, so you could skip these suggestions. |
Please explain the answer. Thank you.
ASSIGNMENT 1.2. PROPOSING IMPROVEMENTS TO A NONPROFIT'S ACCOUNTABILITY STANDARDS One of the most famous corruption scandals in nonprofit history is the fall of William Aramony, who served as president of the United Way, one of the largest nonprofits in the United States, from 1970 to 1992. Aramony resigned amid scandal and was convicted and served six years in federal prison for conspiracy, fraud, and theft. He spent lavishly, including purchasing a home with United Way funds, and siphoned funds from the nonprofit, directing them to another company for his young mistress. The thirty- three members of the board of directors, a who's who of America's corporate and labor leaders, were not charged with any crimes, although federal prosecutors said they were unduly respectful of Aramony. If you were asked by the board of directors of the United Way to help improve the organization's accountability standards, what advice would you give the board? You can assume that the board of directors of a nationally known nonprofit had several working committees, including a finance committee and an executive committee, as well as an outside auditor who examined the nonprofit's finances and created audited financial statements. ASSIGNMENT 1.2. PROPOSING IMPROVEMENTS TO A NONPROFIT'S ACCOUNTABILITY STANDARDS One of the most famous corruption scandals in nonprofit history is the fall of William Aramony, who served as president of the United Way, one of the largest nonprofits in the United States, from 1970 to 1992. Aramony resigned amid scandal and was convicted and served six years in federal prison for conspiracy, fraud, and theft. He spent lavishly, including purchasing a home with United Way funds, and siphoned funds from the nonprofit, directing them to another company for his young mistress. The thirty- three members of the board of directors, a who's who of America's corporate and labor leaders, were not charged with any crimes, although federal prosecutors said they were unduly respectful of Aramony. If you were asked by the board of directors of the United Way to help improve the organization's accountability standards, what advice would you give the board? You can assume that the board of directors of a nationally known nonprofit had several working committees, including a finance committee and an executive committee, as well as an outside auditor who examined the nonprofit's finances and created audited financial statementsStep by Step Solution
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