TITLE

Scandal Is a Good Teacher

AUTHOR(S)
Monse, Michelle D.
PUB. DATE
February 2006
SOURCE
Trusts & Estates;Feb2006, Vol. 145 Issue 2, p56
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article offers key lessons on good governance to charitable foundations in view of the scandal generated by the case of Carl B. and Florence E. King Foundation. It claims that the King scandal could have been prevented at many points in its 40-year existence but the moments were lost in their advisors who were mostly lawyers. The article discusses the realities and liabilities of operating private foundation with key focus on the dynamics of family members as trustees, executive compensation and conflict of interest. INSET: HOW BAD WAS IT?.
ACCESSION #
39349404

 

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