Monday, March 10, 2008

Can nonprofit directors be compensated financially?

The directors who serve on a nonprofit board do so voluntarily. But there are instances when directors are financially compensated for their time and effort. Adam Aptowitzer, a lawyer with the Ottawa-based law firm Drache LLP, explains when this may be allowed, the legal penalties for improper compensation, and the best ways to maintain transparency in the boardroom and beyond.

Can nonprofit directors be compensated financially? (MP3)

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