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187.00 US$
Published date: February 2, 2025
- Location: 33030, La Crosse, Central North, Singapore
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Does the nonprofit have a lot money? While this may be an asset to the nonprofit, it are a substantial liability to you personally. Tend to be on a nonprofit Board, you assume "fiduciary answerability." That means that if something goes terribly wrong, and also the consequences involve substantial losses for the nonprofit, you'll be able to held personally liable, in addition to your other Board members, substantially as their power to pay. That means, for example, whenever there is really a loss funds due to neglect or malfeasance, both you and your colleagues with the Board could be ordered repair their fortunes right.
Does the nonprofit have a lot money? While this may be an asset to the nonprofit, it are a substantial liability to you personally. Tend to be on a nonprofit Board, you assume "fiduciary answerability." That means that if something goes terribly wrong, and also the consequences involve substantial losses for the nonprofit, you'll be able to held personally liable, in addition to your other Board members, substantially as their power to pay. That means, for example, whenever there is really a loss funds due to neglect or malfeasance, both you and your colleagues with the Board could be ordered repair their fortunes right.
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