AGENDA

New York State Law Revision Commission Roundtable Meeting
Study of Not-for-Profit Corporation Law
CLE Center of the New York City Bar Association
42 W. 44th St
New York, NY
Friday, October 24, 2014
2:00 p.m. – 5:00 p.m.

2:00 p.m.    Welcome                Peter Kiernan, Chairman

2:15 p.m.    Introductions             All

2:30 a.m.    Discussion of Issues Identified

1.    Consistency of NPCL terms with Code, and GAAP/GAAS standards; Application of NPCL § 715(f) to Compensation of Officers and Directors

2.    Enforcement Power and Consent Authority of Attorney General

3.    Prohibition of Employee as Board Chair

4.    Implementation and Long Term Effect of NPRA on Moderate Foundations with Authority to Solicit Contributions / Small NPCs / NPCs generally

5.    Audit Responsibilities

6.    Board Committees

7.     Related Party Transactions (including ratification) / Conflicts / Independent Directors / Substantial Financial Interest / Effect on non-charitable corporations

8.     Donor Intent Enforcement

a.    Provisions of Particular Interest to Donors
b.    Provisions of Particular Interest to Institutions

9. Agency approvals

4:45 p.m.    Concluding Remarks        Peter Kiernan, Chairman