New Issues. New Answers. New World.
In a world that has been increasingly expanded by technology and an increased social consciousness, a breadth of new opportunities and challenges have arisen for the charitable sector. Now more than ever, charitable organizations are embracing the need for standards of ethical practice that preserve and strengthen the public’s confidence. This public trust is the foundation upon which our sector strives to improve life in the communities we serve.
Independent Sector worked with a team of experts and stakeholders to update their Principles for Good Governance and Ethical Practice, the foremost guide for sound and successful practice by charities and foundations in the United States. Thirty-three principles succinctly provide clarity about legal compliance and public disclosure, effective governance, strong financial oversight, and responsible fundraising.
HANO is partnering with Independent Sector to disseminate the Principles for Good Governance and Ethical Practice in Hawaii as a means to provide a strong guide for nonprofit organizations in Hawaii that aspire to high standards of governance and ethical practice. HANO encourages board and staff leaders of every Hawaiʻi nonprofit organization to review and discuss these principles together to determine how best to apply them in their organizations.
New highlights include principles applying to:
- A Code of Ethics
- Risk tolerance and mitigation as they concern technology advances
- New business and earned income opportunities
- Transparency versus privacy
- Executive compensation
- Overhead costs
Want a comprehensive resource to share best practices with your board and staff?
Click HERE to download your free copy of the Principles for Good Governance and Ethical Practice today!