Tuesday, January 25, 2005

S.O., no - Integrity, yes.

I heard you getting anxious out there after my post on Sarbanes-Oxley. "But but but . . . what about the new California law?"

Indeed, California - never one to leave a regulatory void - has come to the rescue (or thrown us back in the river, depending on your philosophical bent). The California Nonprofit Integrity Act (SB1262), now playing at a board meeting near you.

Are you ready for the show? Do you even need a ticket?

If you're a charitable org (you know - a "501c3") - yes. If you're a trade association, civic league, social club, or agricultural or consumer cooperative (501c4,5,6,7, etc) - probably not.