Less risk




Less Risk for Volunteers

T he Senate approved a bill intended to limit the liability of volunteers of "nonprofit organizations." The Volunteer Protection Act (S 543), passed just two weeks after President Clinton held a national volunteerism campaign in Philadelphia, is intended to protect volunteers from frivolous lawsuits. A similar bill (HR 1167) has been introduced in the House.

Potential threats of legal liability have discouraged many Americans from performing volunteer activities, such as serving on boards and committees, according to the American Society of Association Executives. This bill would limit the liability of volunteers that are

  1. Acting in good faith within the scope of their duties.
  2. Properly licensed or certified when necessary.
  3. Not willfully or wantonly engaged in misconduct.

Two other bills introduced in the Senate and House (S 514 and HR 911) encourage the states to enact uniform volunteer protection laws rather than make volunteer liability protection a federal law.

SPONSORED REPORT

2018 financial reporting survey: Challenges and trends

Learn the top reporting challenges that emerged in a survey of more than 800 finance, accounting, and compliance professionals across the world, and compare them with your organization's obstacles.

PODCAST

How the skill set for today’s CFO is changing

Scott Simmons, a search expert for large-company CFOs, gives advice for the next generation of finance leaders and more, including which universities are regularly producing future CEOs and CFOs.