Good Governance – Board Duties and Risks and the Attorney General’s Role in the Oversight of Nonprofit Organizations

Board members are the fiduciaries who steer an organization towards a sustainable future by adopting sound, ethical, legal governance and financial management policies. This session will review a Board’s fiduciary duties and responsibilities and the standards that apply, including the requirements under the Centers for Medicare & Medicaid Services (CMS) F-Tag for Governing Body. The presenter will highlight recent cases as a way to illustrate the risks and challenges facing Boards of nonprofit post-acute providers and offer some lessons learned. Finally, information on the role of state Attorney Generals in the oversight of charitable nonprofit organizations will be shared.