Financial Advisor on the Board

I am the executive director of a college foundation that invests its money with the local branch of a national firm. Is it legal for the financial advisor to sit on the foundation's board of directors?

Expert Answer

Sarbanes-Oxley Act and Implications for Nonprofit Organization

http://www.boardsource.org/clientfiles/Sarbanes-Oxley.pdf

How Officers and Directors of Nonprofits Can Stay Out of Trouble Under the Excess Benefit Rules

http://www.npgoodpractice.org/Resource/OfficersDirectorsNonprofitsStayOu...

Conflicts of Interest at Foundations

http://www.npgoodpractice.org/Resource/ConflictsInterestFoundationsVolun...

Foundation Governance: The CEO Viewpoint

http://www.npgoodpractice.org/Resource/FoundationGovernanceCEOViewpoint....