Every charitable organization is governed by a board of directors, but these people aren't just figureheads. They are ultimately responsible for the success or failure of the nonprofit they serve. Adam Aptowitzer, a lawyer with the Ottawa-based law firm Drache LLP, explains what directors are actually liable for, what happens to a director who is found liable, and what protections organizations can put in place for their directors.
Monday, June 18, 2007
Understanding directors' liability issues
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