Nonprofit & Business Directors Must Be Vigilant – Board Liability Costs Could Be $2.2 Million!
By: Eugene Fram
The personal cost of director inattentiveness is made painfully clear in an important federal appeals court decision. The U.S. Court of Appeals decided the decision, in re Lemington Homes, on January 26, 2015 for the Third Circuit. … [T]hese difficult facts arose from a small, nonprofit organization. … (more…)