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The following Code of Ethics, governing the professional conduct of active members of the California Municipal Treasurers Association, [2] sets a standard of conduct in government finance: Purpose - This Code of Professional Ethics ensures a uniform adherence to the Association's longstanding policies related to legal, moral and professional ...
The Australian Charities and Not-for-profits Commission (ACNC) is the regulatory authority for charities and not-for-profit organisations within Australia. The Commission was established in December 2012 as part of the Australian Charities and Not-for-profits Commission Act 2012 passed by the federal parliament, and is responsible for registering charities and non-profit organisations ...
The following Code of Ethics, governing the professional conduct of active members of the California Municipal Treasurers Association, [8] sets a standard of conduct in government finance: 1. To protect, preserve and maintain intact cash, investments and other assets placed in trust with the Treasurer on behalf of the residents of the community. 2.
In a non-profit corporation, the "agency problem" is even more difficult than in the for-profit sector, because the management of a non-profit is not even theoretically subject to removal by the charitable beneficiaries. The board of directors of most charities is self-perpetuating, with new members chosen by vote of the existing members.
An example of this is a sports club, which exists for the enjoyment of its members and thus would function well as an NFPO, with revenue being re-invested into improving the organization. [ 1 ] These organizations typically file for tax exemption in the United States under section 501(c)(7) of the Internal Revenue Code as social clubs. [ 5 ]
The former treasurer of two non-profit organizations in southern Kentucky switched more than $340,000 from their accounts to his, a federal grand jury has charged. ... $116,688 to his account from ...
A code of practice is adopted by a profession (or by a governmental or non-governmental organization) to regulate that profession. A code of practice may be styled as a code of professional responsibility, which will discuss difficult issues and difficult decisions that will often need to be made, and then provide a clear account of what behavior is considered "ethical" or "correct" or "right ...
In the United States, an unincorporated nonprofit association is "an informal group of two or more individuals who join together for a not-for-profit purpose without creating a corporation, LLC, or other entity to do so". [30] The laws governing unincorporated nonprofit associations vary from state to state.