Fiduciary Responsibilities in Nonprofit Health Care Conversions
作者:
Aaron Wilkins,
Peter Jacobson,
期刊:
Health Care Management Review
(OVID Available online 1998)
卷期:
Volume 23,
issue 1
页码: 77-90
ISSN:0361-6274
年代: 1998
出版商: OVID
关键词: attorney general;community benefit;conversion;fair market value;fiduciary duty;for-profit;foundation
数据来源: OVID
摘要:
Conversions of nonprofit hospitals to for-profit status have been controversial because of concerns that community interests are not represented in the deals. As a result, several states have either passed or are considering conversion legislation. However, dramatic variability among states in approaching conversions remains, including the extent of attorney general intervention. Federal or state legislation could standardize rules for nonprofit conversions, but such comprehensive legislation is unlikely. Instead, this article argues that CEOs and trustees of nonprofit organizations undergoing conversions must honor their fiduciary duties to ensure that a conversion represents community interests.
返 回