McGregor-Lowndes, Myles (2008) Risk Management. In Fisher, David (Ed.) The Book of the Board (2nd ed.). The Federation Press, Sydney, pp. 99-111.
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Each director owes governance duties to the non-profit corporate body they govern and they will be personally responsible for the proper discharge of those duties. This focus on individual responsibility can be easily overlooked by directors who otherwise work as a team through the board structures. However, when legal proceedings are issued, the name of the individual director, not the board is on the writs. Further, parliaments are making individual board members as liable as the organisation for breaches of the law done in the name of the non-profit organisation, so directors are being individually sued as well as the organisation in legal proceedings.
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|Item Type:||Book Chapter|
|Additional Information:||For more information about this book please refer to the publisher's website (see link) or contact the author.|
|Keywords:||risk management, nonprofit, compliance, law|
|Subjects:||Australian and New Zealand Standard Research Classification > LAW AND LEGAL STUDIES (180000) > LAW (180100) > Law not elsewhere classified (180199)|
|Divisions:||Current > Research Centres > Australian Centre for Philanthropy and Nonprofit Studies|
Current > QUT Faculties and Divisions > QUT Business School
|Copyright Owner:||Copyright 2008 The Federation Press|
|Deposited On:||29 Jul 2008|
|Last Modified:||25 Sep 2013 22:39|
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