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Thursday, October 18, 2007

Panel on the Nonprofit Sector Releases 33 Governance Principles

The Panel on the Nonprofit Sector, a committee appointed by Independent Sector, has released Principles for Good Governance and Ethical Practice: A Guide for Charities and Foundations. The document outlines 33 practices or principles that charities and foundations can use to evaluate their organization's policies to ensure that they are keeping with the law. A review of more than 50 self-regulation systems took place before this process was complete. The Chronicle of Philanthropy ($$) reports that "some nonprofit officials at the National Committee for Responsive Philanthropy and elsewhere questioned whether self-regulation was the best way to make organizations more accountable, as well as how the principles could be enforced. They suggested that the emphasis should be on shoring up existing legislation and regulations. For more information, click here and to download the guide, click here.