Where Most Needed: Seven Boardroom Innovations that Charities Need to Adopt

The Wall Street Journal now has a special report section on corporate governance, with ideas that charities would do well to consider.

It's behind the Wall Street Journal subscription walls, but I'll summarize the main points in a series of articles in the Wall Street Journal's corporate governance section. Pushed by Sarbanes-Oxley, active institutional stockholders, and new rules of the New York Stock Exchange, corporate governance is no longer a sleepy backwater.

Charities, however, remain mired in the fad theories of the past, like John Carver's CEO-centric Policy Governance at one extreme—and at the other, musty notions of non-hierarchical governance left over from 1970s feminism.

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