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What is Non-Profit Governance

Chapter 19
Handbook of Research on Financial and Banking Crisis Prediction through Early Warning Systems
Non-profit governance refers to the responsibility that a board of trustees has, as well as the control processes put in place, with respect to the exercise of authority over the public trust that is understood to exist between the mission of an organisation and those whom the organisation serves.
Published in Chapter:
Towards Predicting Financial Failure in Non-Profit Organisations
Sharon Cheuk (Universiti Malaysia Sarawak, Malaysia)
Copyright: © 2016 |Pages: 18
DOI: 10.4018/978-1-4666-9484-2.ch019
Abstract
Non-profit organisation financial failure has been a prevalent problem in developed and developing economies. Such incidences bring adverse effects to the reputation of the non-profit organisation in question and the third sector as a whole, especially if the organisation in question is significantly large in size, leading to possible knock-on effects such as disruption to society, litigation, loss of investor confidence in the economic environment, and a worsening of a country's ranking under the Corruption Perceptions Index. This chapter examines past financial failures amongst non-profits and reviews past literature on attempts to predict non-profit failures before they occur. Finally, it proposes an additional governance-related factor to be taken into consideration when considering potential financial distress amongst non-profit organisations. Suggestions for further research are made accordingly.
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