Share on LinkedInShare on LinkedIn

ARTICLE · 12 JANUARY 2012

Minimizing Risks for Charity Board Members

The article notes that while many lawyers volunteer their time to sit on the boards of charitable organizations with the best of intentions, most do not focus on the legal responsibilities and potential liabilities that come with such appointments.

United StatesEmployment and HR

Los Angeles partners Fred Reish and Bruce Ashton authored an article for the Daily Journal titled, "Minimizing Risks for Charity Board Members."

The article notes that while many lawyers volunteer their time to sit on the boards of charitable organizations with the best of intentions, most do not focus on the legal responsibilities and potential liabilities that come with such appointments.

Fred and Bruce discuss the potential liability of the retirement plan maintained by the entity for its employees under the Employee Retirement Income Security Act of 1974 (ERISA). Under ERISA, anyone who appoints a fiduciary is a fiduciary as well, so the board must be prudent in its selection.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from