Topic > Board of Directors Case Study Example - 1203

If a CEO has taken responsibility for increasing salaries without the approval of the board of directors, there should be a course of action outlined in the CEO's code of ethics agency to include an ethics subcommittee review. Having a CEO knowingly misrepresent information about the agency to the board of directors opens up the possibility of mismanagement of funding received to provide services to the population served. Mismanagement of funds can potentially ruin a nonprofit and hinder future funding. Financial transparency for nonprofit organizations is critical to continued funding and prevents the media from questioning the agency's ethics and obligation to the community to provide