Nonprofit and Business Directors Must Be Vigilant -- Board Liability Costs Could Be $2.2 Million!
Category: BUSINESS
Based on the outcome of the Lemington Homes case precedent cited above, not being rigorous about their due care evaluation responsibilities can be very costly to nonprofit and possibly for-profit directors.
By Eugene Fram, ContributorProfessor Emeritus, Saunders College of Business, Rochester In..., 2015-04-05