Nettet4. mai 2024 · 4 May 2024. Directors’ and officers’ liability of the Chief Financial Officer is a hot topic. CFO's are frequently called to account in legal proceedings based on directors’ and officer's liability. The recent Steinhoff case and a little longer ago the Landis case are striking examples. Both cases were brought by aggrieved investors on ... NettetA strong nonprofit CFO will have demonstrated capabilities to creatively develop and cost out a variety of strategic growth scenarios for their organization. They should have strong cross-functional relationships allowing them to partner with others in the organization to test assumptions and examine upsides and downsides to their projections.
Liability for Directors of Nonprofit Corporations
Nettet10. des. 2013 · Nonprofits must follow applicable laws, including tax, civil rights and employment laws. All nonprofits must file an annual tax return with the IRS. Nonprofits with annual gross receipts of less than $50,000 must file the Form 990-N (e-Postcard) and those with annual gross receipts over $50,000 must file the Form 990. Nettet14. apr. 2024 · Our quarterly Nonprofit Standard newsletter captures the latest thinking and most important considerations from BDO’s nonprofit industry leaders, summarizing them for you— leaders in the sector. The spring 2024 newsletter highlights the following articles: Is that a Lease? A Focus on Nonprofit Lease Considerations under ASC … peabody mass to exeter nh
How to Develop a Cyberattack Recovery Plan
Nettet1. Personal liability insurance in circumstances where the company is unable to indemnify its officers. 2. Reimbursement to the company when it has indemnified its officers. 3. Legal insurance and liability coverage for defending a shareholder or other third-party claim. Nettet14. apr. 2024 · The Recovery Plan. Designing an organized, well-thought-out response in the event of a breach can lessen the damage from a cyberattack. First, identify the most critical functions and identify the individuals or teams responsible for performing a damage assessment. Then, prepare a list of external resources, such as IT vendors and legal … Nettetofficers' liability policies. Coregis, a large insurer of nonprofit D&O coverage, reports that employment-related allegations account for more than 75 percent of nonprofit claims. The Nonprofits' Insurance Alliance of California (NIAC) reports that lawsuits alleging wrongful termination represent 60 percent of all suits filed against nonprofit peabody massachusetts obituaries