Over the weekend I wrote a post saying that active and informed board members are the cause of the correlation between good governance and compliance with tax laws.
More info is available on the speech by Ms. Lois Lerner, Director of Exempt Organizations at the IRS. She is the senior executive in the IRS that deals with NPOs, so her voice is one that we ought to listen to. She spoke at the Georgetown Law Annual Conference.
Dan Busby from ECFA has put this thoughts from the conference on-line at Overheard Today at the Georgetown Law Annual Confernce – Representing and Managing Tax-Exempt Organizations.
ECFA points to the text of her speech, which can be found here.
Both are worth your time.