And while you're at it, please explain standard of care. This is particularly so for many of the legal rules relating to non-profits and charities. But the family resemblance is not that strong. And as many readers know, trying to use rules bor-rowed from organizations with different purposes is not very helpful.
Business corporations are concerned with enhancing the value of their owner's shareholdings.
Non-profits and charities strive to fulfill their missions without providing a direct monetary advantage to the people operating the organizations. Legal standards which speak to what charities and non-profits do in their everyday operations and programs would go a long way in assisting people to do their jobs with confidence. A key concern is how money is raised and spent. Whether money is being spent properly and wisely is at the root of most scrutiny. But saying that directors must act honestly, in good faith, and in the best interests of the organization doesn't really help people decide what to do.