Resolving Nonprofit Governance Challenges
Nonprofits are feeling pressure from external auditors, board members, and donors to re-examine their risk mitigation processes. Ongoing legislative activity is also driving new governance guidelines and mandates for charitable and philanthropic organizations. According to a 2005 The Economist whitepaper “Reputation: Risk of Risks,” there is growing awareness of the reputational risks affecting nonprofit organizations, as compliance issues can pose an even greater risk to organizations’ reputations than service quality.
EthicsPoint provides hundreds of leading nonprofit organizations with an important aspect of their overall approach toward enhanced nonprofit governance. Nonprofits using the EthicsPoint framework benefit from early awareness and prevention of fraudulent behavior; reduced financial, legal and reputational risk; and easy access to reports needed to drive organizational improvement.
Our solution is cost-efficient for nonprofits of any size and can be quickly implemented and customized with a client’s branding, value statements, and policies to:
- Reinforce policies (such as code of conduct) to your board of directors, staff, volunteers, and other stakeholders through your reporting methods
- Enable confidential, anonymous whistleblower reporting of unethical issues
- Assess and resolve reported issues and deter future misconduct
Relevant Standards
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