Fiesta Bowl Scandal:Nonprofit Board Expert Weighs In
April 17, 2011
Posted by chcablogadmin in : Boards, Leadership
by Michael Peregrine, Partner
McDermott Will & Emery LLP
In my opinion, the recent Fiesta Bowl controversy offers a valuable teaching moment for the children’s hospital board on its oversight obligations and, more importantly, on how to spot — and react to — “red flags.”
Michael Peregrine
I discuss this issue in the recent online edition of The Chronicle of Philanthropy.
The board should understand that these kinds of things happen with uncomfortable regularity in the nonprofit sector, and that they serve to confirm for many the need for continued regulatory oversight of nonprofits and their boards by state and federal charities officials. College football bowls aren’t health care providers, but they’re nonprofit, tax exempt entities all the same!
Michael W. Peregrine is a partner in the law firm of McDermott Will & Emery LLP and is based in the firm’s Chicago office. Michael is recognized as one of the leading national practitioners in nonprofit corporate law. Michael is outside governance counsel to many prominent nonprofit corporations, including hospitals and health systems, voluntary health organizations, social service agencies and health insurance companies.
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