N.Y. to Consider Nonprofit Governance Overhaul - Government - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

N.Y. to Consider Nonprofit Governance Overhaul - Government - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: N.Y. to Consider Nonprofit Governance Overhaul

By Doug Donovan

New York State lawmakers introduced legislation on Tuesday designed to eliminate bureaucratic hurdles for starting a nonprofit and improve board oversight of executive compensation and contracts that could involve sweetheart deals.

The two bills—the Nonprofit Revitalization Act and the Executive Compensation Reform Act—were introduced after a year of work led by the New York attorney general’s office.