Policies are at the heart of good governance
Abstract: The new Form 990 opens the door to a whole host of governance questions, including those posed in Part VI: Government, Management and Disclosure. The government doesn’t yet require nonprofits to implement these policies. However, they should consider putting policies in place before it does. This article lists specific target areas of Form 990, and four types of policies with broad applicability: conflict of interest, whistleblower, document retention and destruction, and chief executive compensation.