Corporate Governance

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Compliance concept on white papers
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One of the biggest challenges a compliance officer faces is establishing a strong commitment to creating a culture of compliance and obtaining recognition–there needs to be a compliance “tone from the top” of an organization.  There are numerous potential challenges to getting buy-in for this concept.  This can create frustration for compliance officers aware of the concept of compliance program effectiveness and the importance of a compliance culture beginning at the top of the organization.  A common potential challenge…
Continue Reading Compliance Officer Challenges and Commitment to Compliance Culture

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Non-profit organizations, by their nature, provide great value through their missions and services. That is at least part of the reason why they typically receive tax-exempt status, including under Section 501(c)(3) of the Internal Revenue Code (IRC). However, that tax-exempt status is fragile and contingent on meeting and maintaining certain requirements, and an organization can end up losing the status without intending to do so.

One of the requirements of 501(c)(3) organizations is that “no part of the net…
Continue Reading What’s the Deal with 501(c)(3)’s? (Part 1)

For a relatively short and simple document, a corporate resolution can be of the utmost importance. The use of corporate resolutions are imperative to the lawful continuation of your business. So today, I am going to walk you through the basics of corporate resolutions and why they are so important.

What is a corporate resolution?

A corporate resolution is a document that creates a formal written record of decisions made by a corporation’s board of directors. Resolutions are binding…
Continue Reading Resolved: The Importance of Corporate Resolutions