February 7, 2007
The Corporate Governance Task Force is pleased to issue IRS guidelines, entitled "Good Governance Practices for 501(c)(3) Organizations." These governance guidelines, recently made available by the IRS, serve to confirm the longstanding view held by the IRS that effective governance oversight is of critical importance to maintenance of tax-exempt status. The guidelines also contain some subtle, new suggestions on areas of particular IRS interest. Thus, healthcare lawyers are advised to discuss these new points with their clients, including company governance committees and full boards of directors. The guidelines can be accessed at the link below.
"Good Governance Practices for 501(c)(3) Organizations"
AHLA wishes to thank Michael W. Peregrine, Esq. (McDermott Will & Emery LLP, Chicago, IL) for making these IRS guidelines available for issuance by the Task Force.