Monday, May 09, 2011

June 6 Small Business Event/ Directors & Officers Liability

On June 6th from 8 to 4 Small Business California along with a number of other small business associations will be co sponsoring an event at the Sacramento Convention Center.

It will include Speaker John Perez and Senate Pro Tem Daryl Steinberg. They also will have a lunch where legislators will recognize small businesses in their districts.

The cost is $85. If you would like to attend I can send you full details by return email. I believe Governor Jerry Brown has been invited to speak at the luncheon.

I was surprised by the response that I got to the volunteers handbook for non profits. Given this interest I want to pass on another suggestion for those of you that are on the board of directors for non profits.

As you know if you are a board member or executive director you can be held personally liable for the actions of the nonprofit as you have a fiduciary responsibility to the nonprofit.

You should make sure that your By Laws have an indemnification provision and that you have directors and officers liability.

You should discuss this with the nonprofits attorney. Thank you John Pryor for reminding me of this.

Scott Hauge
Small Business California
2311 Taraval Street
San Francisco, CA 94116

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