Nonprofit vs. For-Profit Boards: Critical Differences

Epstein, Marc J.; McFarlan, F. Warren
March 2011
Strategic Finance;Mar2011, Vol. 92 Issue 9, p28
Academic Journal
The article discusses differences in boards of directors and corporate governance between corporations and nonprofit organizations. Planning, performance measurement, and budgeting are important for both. However, while corporations place a high value on profitability, a nonprofit may be committed to services that are inherently unprofitable.


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