Does the nonprofit board of directors have fiduciary duties to the community it serves? That question came up after our overview of the fiduciary duties of nonprofit board members. The article stated that the duties run to the organization's mission and donors. The answer to this question lies in the distinction between who the nonprofit...
Palo Alto, CA (PRWEB) April 24, 2012 Douglas Y. Park, Principal of DYP Advisors and a corporate governance authority in Palo Alto, California, has been named to the Program Evaluation Committee of the BlackRock and National Association of Corporate Directors (NACD) challenge on innovation in corporate governance and responsible investment. BlackRock and NACD invite undergraduate...
What fiduciary duties does the nonprofit's board of directors have? And to whom does the nonprofit board owe fiduciary duties? The answers impact the corporate governance and fundraising activities of charitable organizations and their directors. The Fiduciary Duties of The Nonprofit Board of Directors If the nonprofit organization is organized as a corporation, the nonprofit's board...
The highly public resignation of Goldman Sachs executive Greg Smith provides a teaching moment about the board of directors’ role in company culture. In a letter published in the New York Times, Mr. Smith says the reasons he resigned from his high level position should be a wake-up call to the Goldman Sachs board....
Palo Alto, CA (PRWEB) February 15, 2012 Douglas Y. Park, Principal of DYP Advisors in Silicon Valley, has been invited to blog for the BoardBlogs feature of BoardProspects. Mr. Park will write articles on corporate governance and boardroom service. Among the topics Mr. Park will cover include: How to satisfy fiduciary duties The board’s role...
Palo Alto, California (PRWEB) January 17, 2012 On January 22, 2012, at the University Club in Palo Alto, attorney Douglas Y. Park will present to Ivy League alumni leaders in Silicon Valley on issues of corporate governance, conflicts of interest, and ethical dilemmas in alumni club service. Alumni club leaders face conflicts of interest and...
Palo Alto, California (PRWEB) January 06, 2012 Douglas Y. Park, principal of DYP Advisors and a Silicon Valley corporate governance attorney, was recently interviewed by Agenda, a Financial Times service for corporate directors, on the highs and lows of governance in 2011. Mr. Park was interviewed on both the good and bad at numerous companies....
Palo Alto, CA (PRWEB) December 16, 2011 Douglas Y. Park, principal of DYP Advisors and a Silicon Valley corporate governance attorney, was recently asked by Corporate Secretary Magazine to comment on lessons from 2011 and a governance wish list for corporate secretaries in 2012. In 2011, numerous companies made the headlines for their governance problems...
Palo Alto, CA (PRWEB) November 30, 2011 Douglas Y. Park, a corporate governance attorney based in Silicon Valley, and Principal of DYP Advisors, was recently interviewed by Corporate Secretary magazine on the collapse of investment firm MF Global. MF Global recently filed for bankruptcy protection after losing big on bets on European debt. Jon Corzine, former Chairman of...
Palo Alto, CA (PRWEB) October 28, 2011 Silicon Valley Corporate Governance Attorney Douglas Y. Park, Principal of DYP Advisors, announces a series of educational articles on fiduciary duties in corporate settings. These duties obligate the fiduciary to act in the best interests of those to whom they owe a responsibility. Examples include: The fiduciary duties of...