The selection of directors and the control of a nonprofit organization are of particular consequence in a single-purpose organization that is started by one individual or a close-knit group. The people who launch a nonprofit organization do not want to put their blood, sweat, tears, and dollars into the organization, only to watch others assume control over it. Yet these founders usually want a “representative” governing board, which, if created, would clearly put them in a minority, without control.
Bruce R. Hopkins, A Legal Guide to Starting and Managing a Nonprofit Organization (19)
Thursday, January 09, 2003
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