ACKNOWLEDGMENTS |
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ix | |
PREFACE |
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xi | |
ABOUT THE AUTHOR |
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xiii | |
CHAPTER 1 History and Legislative Background of the Sarbanes-Oxley Act of 2002 and State Nonprofit Accountability Legislation |
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1 | (20) |
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What Is the Sarbanes-Oxley Legislation About? |
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3 | (7) |
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Current Legislative Environment for Nonprofits |
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10 | (8) |
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California's Nonprofit Integrity Act |
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18 | (1) |
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19 | (2) |
CHAPTER 2 Moving Nonprofit Governance into the Twenty-First Century |
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21 | (22) |
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How Sarbanes-Oxley Legislation Has Changed Governance Expectations in All Economic Sectors |
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22 | (8) |
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Moving the Board into the Twenty-First Century |
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30 | (8) |
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Why Do Nonprofit Boards Have Difficulty in Adjusting to Twenty-First—Century Expectations? |
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38 | (3) |
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41 | (2) |
CHAPTER 3 Leveraging Sarbanes-Oxley Requirements and Best Practices to Move Your Board to a Higher Level of Performance |
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43 | (14) |
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What Are the SOX Requirements and Best Practices? |
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44 | (3) |
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Sarbanes-Oxley Requirements |
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47 | (4) |
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Implementing SOX Best Practices |
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51 | (2) |
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SOX and the Board: Achieving Greater Accountability |
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53 | (3) |
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56 | (1) |
CHAPTER 4 SOX as a Cure for the "Leave Your Brains at the Door" Syndrome |
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57 | (20) |
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Board Dysfunction in Today's New Legislative Environment |
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58 | (2) |
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What Is the "Leave Your Brains at the Door" Syndrome? |
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60 | (7) |
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Crafting Intervention Strategies for the Syndrome |
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67 | (7) |
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74 | (3) |
CHAPTER 5 Moving the Board Forward: Intervention Techniques |
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77 | (16) |
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78 | (11) |
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How to Jump-Start the Board to a Higher Level of Productivity |
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89 | (2) |
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91 | (2) |
CHAPTER 6 Start at the Beginning |
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93 | (14) |
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93 | (7) |
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Utilizing the Data from the Questionnaire as a Platform for Change |
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100 | (1) |
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Developing Your Board's Current Profile |
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101 | (1) |
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102 | (2) |
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Leveraging the Blueprint: Establishing Strategies for Lasting Change |
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104 | (1) |
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105 | (2) |
CHAPTER 7 Establishing a Platinum Standard for Governance |
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107 | (32) |
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SOX Best Practices: Moving to a Platinum Operating Standard |
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108 | (2) |
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What Are Platinum Operating Standards? |
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110 | (8) |
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The Board's Role in Changing the Organization's Culture and Values To Introduce a Platinum Standard |
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118 | (1) |
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How Implementation of SOX Requirements and Best Practices Facilitates Change |
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119 | (7) |
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The Board's Oversight Role in Implementing Your Nonprofit's Document Preservation Policy |
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126 | (5) |
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The Board's Role in the Review of Internal Controls |
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131 | (1) |
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A Platinum Standard for the Board |
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132 | (3) |
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Platinum Standards and SOX Best Practices |
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135 | (3) |
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138 | (1) |
CHAPTER 8 SOX and the Really Small Nonprofit Board |
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139 | (12) |
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Challenges of Really Small Boards |
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140 | (1) |
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Five Myths that Hold Small Nonprofits Back |
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140 | (2) |
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How to Scale SOX Best Practices in Small Nonprofits |
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142 | (5) |
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Keys to Success in Customizing SOX Best Practices |
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147 | (3) |
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150 | (1) |
APPENDIX A Letter from Senator Grassley to the Acting Chair of the American University Board of Trustees |
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151 | (6) |
APPENDIX B Whistleblower Protection Policy |
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157 | (2) |
APPENDIX C Risk Management Plan and Business Continuity Plan |
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159 | (6) |
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Risk Management Plan: Table of Contents |
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159 | (1) |
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160 | (5) |
APPENDIX D Technology Policy |
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165 | (2) |
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165 | (2) |
APPENDIX E Review of Internal Controls Report and Recommendations |
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167 | (2) |
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167 | (1) |
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167 | (1) |
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Recommendations and Timeline |
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168 | (1) |
APPENDIX F Board of Directors—Governance Profile and Performance Expectations |
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169 | (6) |
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Oversight and Policy Making |
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169 | (1) |
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169 | (1) |
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Summary of Board Committees' Descriptions and Performance Objectives |
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170 | (1) |
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Process for Board Member Nomination and Election |
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170 | (1) |
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Board Orientation Session |
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171 | (4) |
APPENDIX G Conflict-of-Interest Policy |
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175 | (4) |
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Sample Conflict of Interest Letter |
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177 | (2) |
APPENDIX H Code of Ethics for Board and Senior Management |
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179 | (2) |
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179 | (1) |
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Sample Code of Ethics for a Nonprofit Board Member1 |
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180 | (1) |
APPENDIX I Bibliography |
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181 | (8) |
INDEX |
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189 | |