Comparative Corporate Governance of Non-Profit Organizations

Cover......Page 1
International Corporate Law and Financial Market Regulation......Page 3
Comparative Corporate Governance of Non-profit Organizations......Page 4
©......Page 5
CONTENTS......Page 6
LIST OF CONTRIBUTORS......Page 25
PREFACE......Page 36
ABBREVIATIONS......Page 50
PART I Economic findings and theories on nonprofit organizations......Page 58
1 What kind of nonprofit sector, what kind of society?......Page 60
2.1 Good and not so good governance of nonprofit organizations: factual observations from the USA......Page 77
2.2 Good and not so good governance of nonprofit organizations: factual observations of foundationsin Germany......Page 96
3.1 The economics of nonprofit organizations......Page 117
3.2 Principal–agent theory and nonprofit accountability......Page 130
PART II The nonprofit sector: private law, trust law, tax law in selected countries......Page 184
4.1 Nonprofit organizations in the United States......Page 186
4.2 Harmonising nonprofit law in the European Union: an English perspective and digest......Page 227
5.1 Nonprofit organizations in Germany......Page 254
5.2 Nonprofit organizations in the Netherlands......Page 285
6 Nonprofit organizations in France......Page 322
7.1 Nonprofit organizations in Hungary......Page 382
7.2 Nonprofit organizations in the Czech Republic......Page 436
7.3 Nonprofit organizations in the People’s Republic of China......Page 485
PART III The board of nonprofit organizations......Page 536
8.1 The board of nonprofit organizations: puzzling through the gaps between law and practice – a view from the United States......Page 538
8.2 The board of nonprofit organizations: some corporate governance thoughts from Europe......Page 588
9.1 Rediscovering the duty of obedience: toward a trinitarian theory of fiduciary duty......Page 621
9.2 Duty of obedience: the German perspective......Page 676
PART IV Good governance of nonprofit organizations: activities and regulatory problems......Page 692
10.1 The regulation of fund-raising by charities and voluntary organisations in England and Wales......Page 694
10.2 Comparing regulation of fundraising: self-regulation or governmental regulation?......Page 719
11.1 Asset management in nonprofit organizations......Page 756
11.2 Legal standards for capital investments by foundations in hedge funds according to German and American law......Page 766
12.1 Nonprofit organizations and economic activities/enterprises......Page 797
12.2 Nonprofit organizations and enterprises: the Danish foundation law as an example......Page 827
12.3 The protection of members and creditors of nonprofit organisations......Page 846
PART V Good governance of nonprofit organizations: self-regulation, disclosure and supervision......Page 870
13 Foundation governance in Switzerland......Page 872
14.1 Financial reporting by nonprofit organizations: United States developments......Page 886
14.2 Charity Commission regulation of the charity sector in England andWales: the key role of charity audit regulation......Page 906
15.1 The Charity Commission for England andWales......Page 953
15.2 Internal Revenue Service and State Revenue Department oversight of nonprofit organizations in the United States......Page 971
15.3 Tax law as an instrument to strengthen the corporate governance of the nonprofit sector......Page 997
INDEX......Page 1013