Douglas Mancino and Ofer Lion authored an article in Giving in LA, “Nonprofit Governance: Directors Held Personally Liable for Mismanagement”

Douglas Mancino and Ofer LIon authored an article on April 27 in Giving in LA, a California Community Foundation blog, on how the Third Circuit Court of Appeals affirmed an award of $2.25 million in compensatory damages against former directors and officers of a bankrupt nonprofit corporation citing personal liability for breach of fiduciary duties and deepening insolvency. The recent court ruling highlights the need for robust governance practices for nonprofits.