Principles for Good Governance and Ethical Practice: A Guide for Charities and Foundations was released by Indpendent Sector.
Maintaining the public trust is critical to preserving the charitable sector’s diversity, adaptability, and capacity for innovation for the purpose of improving life and the natural world.
Independent Sector’s Principles for Good Governance and Ethical Practice is the foremost guide for sound and successful practice by charities and foundations in the United States. Thirty-three principles succinctly provide clarity about legal compliance and public disclosure, effective governance, strong financial oversight, and responsible fundraising.
This edition provides considerable new value, reflecting changes in law as well as new circumstances in which the charitable sector functions, and new relationships within and between sectors. New highlights include principles applying to:
- A Code of Ethics
- Risk tolerance and mitigation as they concern technology advances
- New business and earned income opportunities
- Transparency versus privacy
- Executive compensation
- Overhead costs