November 11, 2005
Sarbanes-Oxley’s impact on nonprofits
- November 11, 2005
- Publication: Business Gazette
- Related Attorneys: Ronald Dweck
- Related Practice Areas: Nonprofits
The Sarbanes-Oxley Act was enacted in 2002 in response to the accounting scandals of Enron and others. It is well known that it has resulted in dramatic changes in governance an accounting practices for public companies.
Far less publicized, but in many ways just as significant, is the impact Sarbanes-Oxley is having on nonprofits, many of which are headquartered in the Washington metropolitan area.
While the Act was written essentially to police publicly traded companies, many nonprofits are nevertheless looking at it as a catalyst to implement governance reforms. Sarbanes-Oxley provisions regardinig retaliation against whistleblowers and its document-destruction prohibitions apply to everyone, so at a minimum, all nonprofits should have appropriate policies to ensure compliance with the law.
...
News
March 21, 2023
Michelle Chapin’s Article on the Use of Arbitration Causes in Trusts is Published by the MSBA’s Estate & Trust Law Section
Michelle Chapin, a Principal in Paley Rothman’s Estate Planning department, authored an article titled "(Un)Enforceability of Arbitration Clauses in Maryland Trusts" in the MSBA's Estate & Trust Law Section Newsletter Volume 29 Issue 1.
Read MoreBlog
Sec. Deb Haaland – First Native American in the Cabinet
Sec. Deb Haaland is the first Native American to serve in the President’s cabinet and has been instrumental in bringing attention and action to the horrific incident rate of...
Read MoreResource Center
Paley Rothman shares this library of resources with clients and friends of the firm to help them stay ahead of legal and business developments and trends. Here, you will find helpful tips and tools written by our attorneys and relevant to our areas of practice.
Read More