Scandal Is a Good Teacher

Monse, Michelle D.
February 2006
Trusts & Estates;Feb2006, Vol. 145 Issue 2, p56
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?.


Related Articles

  • Governance is 'haphazard and badly managed.'. Plummer, John // Third Sector;5/12/2009, p1 

    The article focuses on a report published by "New Philanthropy Capital," suggesting that Great Britain charity governance is haphazard and badly managed. The report reveals that the 20 largest fundraising charities spend only 0.6p in every pound on governance. Moreover, it stated that nearly...

  • They Were Shocked, Shocked. Moses, Barbara // Brooklyn Law Review;Fall2004, Vol. 70 Issue 1, p89 

    Discusses the history of the analyst conflict scandal in the U.S. Role of research analysts; Conflicts facing analysts; Reason for the lack of congressional and regulator interest in analyst conflicts in the 1990s.

  • Adding insult to consult, comp critics cry conflict. Solnik, Claude // Long Island Business News (7/1993 to 5/2009);6/2/2006, Vol. 53 Issue 23, p6B 

    The article discusses the potential conflicts of interest of the executive compensation consultants hired by some companies to create a salary package for chief executive officers in firm in Long Island, New York. Bruce Haller, the chairman of the management department of Dowling College Paul...

  • Time for simplicity. O'Hare, Sean // Governance Newsletter;Dec2011, Issue 210, p10 

    The article presents information on the report entitled "Cheques with balances: why tackling high pay is in the national interest" related to the executive pay published by the think tank High Pay Commission (HPC). It mentions some recommendations from the HPC regarding the executive pay...

  • Overcompensating.  // Velocity;2009, Vol. 11 Issue 1, p10 

    The article focuses on overcompensating by executives who tend to receive higher wages when they hire compensation consultants raising questions whether there is conflict of interest. A study made by The Wharton School of the University of Pennsylvania, Northwester University's Kellogg School of...

  • The real test: disclosure and integrity. Parrish, John; McDonald, Tony // Super Review;Mar2004, Vol. 17 Issue 2, p19 

    The article explores the often difficult grey areas of conflicts of interest for fund advisers. Conflicts of interest are not new issues in business, not at least in financial services where money or money equivalent are the stock in trade. A conflict may arise where a superannuation fund...

  • Salary guidance planned. Ainsworth, David // Third Sector;8/20/2013, Issue 765, p4 

    The article reports on the decision of the British National Council for Voluntary Organizations and the Charity Commission to create guidelines to aid charity trustees to decide on the salaries of senior staff in 2013.

  • Attempts to regulate boardroom pay have spawned an entirely new industry: one company has hired five firms of consultants to advise on the pay of just four executives. Hosking, Patrick // New Statesman;3/31/2003, Vol. 132 Issue 4631, p35 

    Focuses on the pay received by executives of large corporations. Salaries culled from company reports suggesting little has been done to curb the excesses of executive's wages; Arguments put forth by executives when confronted with shareholder dismay at their annual salaries; Discussion of the...

  • Avoiding Lawsuits Based on a Conflicts of Interest. Vessenes, Katherine // Journal of Financial Planning;Dec1997, Vol. 10 Issue 6, p22 

    Focuses on lawsuits that claim a conflict of interest created by a breach of fiduciary. Definition of conflicts of interest; Definition of a fiduciary; Code of ethics and professional responsibility for conflicts of interest; Major conflicts facing planners and advisors; Resolving conflicts of...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics