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The best regulation-approved finance software for charities | Charity Digital News, 10 sep 2019
How Do Nonprofit and For-Profit Hospitals Differ? It's Complicated | Nonprofit Quarterly, 10 sep 2019
Doing Business While Doing Good? Yes, It's Possible | Fortune, 10 sep 2019
Four Ways To Reimagine The Nonprofit | Forbes, 09 sep 2019
Volunteering with kids can help create a habit of giving | nwitimes.com, 09 sep 2019
On Philanthropy: In the eyes of business leaders, "social purpose" has replaced "shareholder capitalism" | The Denver Post, 08 sep 2019
A Better Way To Make Charitable Gifts | Forbes, 06 sep 2019
Giving the charitable sector the tools it needs to thrive | Policy Options, 05 sep 2019
'Design thinking' or how to promote innovation in social enterprises | BBVA, 05 sep 2019
Why the Rich Get Charitable Deductions and Everyone Else Can Suck Eggs | Nonprofit Quarterly, 04 sep 2019
Mohammad Anas Wahaj | 17 jul 2019
Experts' views are divided on how non-profit hospitals benefit communities. In US, non-profit hospitals received tax-benefits valued at over US$ 24 billion annually in 2011. In exchange for tax exemptions these hospitals provide 'community benefits' like free and subsidized care, investments in public health, community-based health initiatives intended to address the social determinants of health, such as food or housing insecurity. But, many observers argue that hospitals avoid making sustained community investments in favor of counting millions of dollars of 'discounts' to low-income patients as community benefits while aggressively pursuing unpaid bills. Krisda Chaiyachati and Rachel Werner, Senior Fellows at LDI University of Pennsylvania, have recently written two research to add information to this debate. They provide detailed estimates of how much hospitals spend on different types of community benefits, whether community benefits are matched to local need, and what effects community benefits have on health outcomes. Mr. Chaiyachati and Ms. Werner analyzed IRS tax data from over 1600 non-profit hospitals. By law, hospitals report total spending on community benefits, broken out by health care-related spending (e.g. free care), community-directed spending (e.g. anti-smoking initiatives or funds for local community organizations), and research and educational activities. To standardize comparisons, the authors measured all spending as shares of total hospital expenditures. Researchers find out that hospitals still rely on discounted charity care to meet community benefits requirements. In 2014, non-profit hospitals reported that they spent an average of 8.1% (US$ 17 million) of their total expenditures on community benefits, more than 80% of which was health care-related. On average, 6.7% (US$ 11 million) of expenditures were on health care services, compared to 0.7% (US$ 1.2 million) for community-directed contributions. The remainder of community benefits were on educational and research initiatives. The results are disappointing in light of a second study from Ms. Werner and Mr. Chaiyachati, which suggests that community-directed spending could improve health outcomes, specifically, 30-day readmission rates. Readmissions rates are a useful measure of health care quality-capturing in-hospital care, discharge planning, and follow-up. Since the Affordable Care Act, hospitals have been financially penalized for high readmission rates. The evidence from research suggests that increased investment in the social determinants of health, rather than simply writing off free care, has a significant impact on measurable health outcomes. Read on...
Mohammad Anas Wahaj | 23 mar 2019
Bureaucratic environment of large public agencies often becomes a deterrent for nonprofits to develop collaborative alliances. But according to the new research, 'Collaborative Value in Public and Nonprofit Strategic Alliances: Evidence from Transition Coaching (Authors: Jason Coupet of North Carolina State University; Sue Farruggia of University of Illinois at Chicago; Kate Albrecht & Teshanee Williams, Ph.D. students at North Carolina State University), finds that some nonprofits may be able to better serve their constituents by partnering with public institutions in order to navigate the bureaucracy and access services more efficiently. The researchers interviewed 17 nonprofit personnel and 16 university personnel about the degree to which they sought partnerships and why. Prof. Coupet says, 'These nonprofits were focused on helping high school students transition successfully to college...We found that a driving factor for these public-nonprofit partnerships was the nature of institutional bureaucracies - the very thing we thought would keep nonprofits away.' The researchers found that a public-nonprofit partnership gave nonprofits access to contacts that could help them more efficiently navigate bureaucratic channels in order to access services that were already available. Prof. Coupet adds, 'Making the process more efficient is good for the institutions, the nonprofits, and the students that they both serve - because fewer people can spend less time in order to get the desired result. Less time wasted means lower costs for everyone concerned...And while this study focused on the education sector, the finding is likely relevant for any sector in which public agencies provide services, from public health to housing to veterans affairs.' Read on...
NC State University News:
Study Finds Nonprofit Partnerships Can Help Solve Bureaucratic Tangles
Authors: Jason Coupet, Matt Shipman
Mohammad Anas Wahaj | 30 dec 2018
Prof. Dean Karlan of Northwestern University does evidence-based research to evaluate what works and what doesn't when it comes to helping lift people out of poverty. He is the founder of the nonprofit Innovations for Poverty Action and advises donors and institutions on the best use of their charitable dollars. Prof. Karlan says, '...in 2002 I started a nonprofit out of my living room, dedicated to creating high-quality randomized evaluations of global anti-poverty programs. Today, Innovations for Poverty Action has a US$ 42 million budget, most of which goes directly into research. We're now in 22 countries, but we've worked in 52 countries. We have some 500 permanent staff and have done almost 800 randomized evaluations of anti-poverty programs and initiatives. We apply rigorous economic theories and research to evaluating which global anti-poverty initiatives are working.' He suggests following tips to evaluate whether your charitable dollars are being used effectively: (1) Don't evaluate a charity based on its overhead. (2) Don't be swayed by marketing materials with moving heart-wrenching photographs. (3) Look for evidence of impact. (4) If you are wondering where your money will have the most impact, it's likely in poorer, developing countries. (5) Don't be afraid to give to large organizations. (6) Email the charity for evidence of cost effectiveness. (7) Consider giving to meta-charities. Read on...
It's the Season of Giving. How to Choose Charities Wisely
Author: Andrea Guthmann
Mohammad Anas Wahaj | 30 sep 2018
People with business education and experience are now getting inclined towards social enterpreneurship and enterprises. They are realizing that business skills and expertise can be utilized to provide solutions to society's challenges. Prof. Patrick Adriel H. Aure of De La Salle University (Philippines) explains the importance of encouraging social entrepreneurship among business students and shares research and programs that he conducts at the university. The program, Lasallian Social Enterprise for Economic Development (LSEED), involves incubating student-led social enterprises that partner with marginalized local communities, while Social Enterprise Research Network (SERN) undertakes research and advocacy activities. Regarding one of the research conducted in relation to business students and social enterprises, Prof. Aure says, 'Our statistical analysis suggested there are two factors that consistently influence business students' intention to engage in social entrepreneurial activities - (1) Their perceived support from friends, family, and other organizations. (2) Their prior experience in socially-oriented activities such as volunteering.' Research findings suggest - Design social enterprise advocacy campaigns to target group participation and not encourage students individually; Schools may want to consider creating a pipeline of activities that enrich students' socially-oriented experiences. Read on...
The Manila Times:
Encouraging social entrepreneurship among business students
Author: Patrick Adriel H. Aure
Mohammad Anas Wahaj | 23 sep 2018
According to the 2011 research study published in The American Journal of Medicine, 'Success in Grateful Patient Philanthropy: Insights from Experienced Physicians' (Authors: Rosalyn Stewart, Leah Wolfe, John Flynn, Joseph Carrese, Scott M. Wright - Johns Hopkins University), 'Facing challenging economic conditions, medical schools and teaching hospitals have turned increasingly to philanthropy as a way to supplement declining clinical revenues and reduced research budgets. One approach to offset these diminished returns is to commit efforts to 'grateful patient' programs that concentrate on satisfying patients and their families, especially families with significant assets. Support from grateful patients is the single most important source for substantive philanthropic gifts in medicine.' According to the latest 2018 research published in the Journal of American Medicine, 'Navigating the Ethical Boundaries of Grateful Patient Fundraising' (Authors: Megan E. Collins, Steven A. Rum, Jeremy Sugarman - Johns Hopkins University), 'Health care institutions in the United States receive more than US$ 10 billion annually in charitable gifts. These gifts, often from grateful patients, benefit physicians, institutions, and other patients through the expansion of clinical and research activities, community-based programs, and educational initiatives.' The topic of 'grateful patient philanthropy' raises some ethical issues in patient-physician relationship. There is general agreement that donation related interaction with patients shouldn't happen during the course of their treatment and should be discussed once patients have fully recovered from their medical condition. The study finds that although physicians consider fundraising as their duty but find it difficult to have a conversation with their patients regarding donations. Read on...
Grateful Patient Philanthropy? Some Fundraising Ethics Shouldn't Need to Be Taught
Author: Ruth McCambridge
Mohammad Anas Wahaj | 29 aug 2018
The possibility of eco-friendly biodegradable paper-based batteries is now made a reality by the scientists at Binghampton University (SUNY), Prof. Seokheun 'Sean' Choi from the Electrical and Computer Engineering Department and Prof. Omowunmi Sadik from the Chemistry Department. Their research titled 'Green Biobatteries: Hybrid Paper-Polymer Microbial Fuel Cells' was recently published in Advanced Sustainable Systems. Prof. Choi engineered the design of the paper-based battery, while Prof. Sadik was able to make the battery a self-sustaining biobattery. The biobattery uses a hybrid of paper and engineered polymers. The polymers - poly (amic) acid and poly (pyromellitic dianhydride-p-phenylenediamine) - were the key to giving the batteries biodegrading properties. Prof. Choi says, 'There's been a dramatic increase in electronic waste and this may be an excellent way to start reducing that. Our hybrid paper battery exhibited a much higher power-to-cost ratio than all previously reported paper-based microbial batteries. The polymer-paper structures are lightweight, low-cost and flexible. Power enhancement can be potentially achieved by simply folding or stacking the hybrid, flexible paper-polymer devices.' Read on...
SCIENTISTS CREATE BIODEGRADABLE, PAPER-BASED BIOBATTERIES
Author: Rachael Flores
Mohammad Anas Wahaj | 27 aug 2018
Apparel production is generally linked to environmental issues like water and air pollution, alongwith the land, water and pesticide use related to growing natural fibers. But now research points at the source of another problem created by apparels made wholly or partially from synthetic textiles. Microfibers, a type of microplastic, are shed during normal use and laundering, and remain in the environment similar to plastic packaging that coats so many of the world's beaches, and they bond to chemical pollutants in the environment, such as DDT and PCB. Moreover, the textiles from which they are shed are often treated with waterproofing agents, stain- or fire-resistant chemicals or synthetic dyes that could be harmful to organisms that ingest them. Also, microfibers are being consumed alongwith food and drink. Research review (Microplastics in air: Are we breathing it in? - Johnny Gasperi, Stephanie L. Wright, Rachid Dris, France Collard, Corinne Mandin, Mohamed Guerrouache, Valérie Langlois, Frank J.Kelly, Bruno Tassin) published last year shows that microfibers suspended in air are possibly settling in human lungs. Research led by Richard C. Thompson from the University of Plymouth (UK) in 2004 (Lost at Sea: Where Is All the Plastic? - Richard C. Thompson, Ylva Olsen, Richard P. Mitchell, Anthony Davis, Steven J. Rowland, Anthony W. G. John, Daniel McGonigle, Andrea E. Russell) documented and quantified the occurrence of microplastics in the marine environment. Research by Mark Anthony Browne, one of Prof. Thompson's graduate student, published in 2011 (Accumulation of Microplastic on Shorelines Woldwide: Sources and Sinks - Mark Anthony Browne, Phillip Crump, Stewart J. Niven, Emma Teuten, Andrew Tonkin, Tamara Galloway, Richard Thompson) found - (1) Samples taken near wastewater disposal sites had 250% more microplastic than those from reference sites and the types of microplastic fibers found in those samples were mainly polymers often used in synthetic apparel, suggesting the fibers were eluding filters in wastewater treatment plants and being released with treated effluent (which is released into rivers, lakes or ocean water). (2) A single polyester fleece jacket could shed as many as 1900 of these tiny fibers each time it was washed. Another 2016 study by researchers from UC Santa Barbara in US (Microfiber Masses Recovered from Conventional Machine Washing of New or Aged Garments - Niko L. Hartline, Nicholas J. Bruce, Stephanie N. Karba, Elizabeth O. Ruff, Shreya U. Sonar, Patricia A. Holden) has shown far higher numbers - 250000 fibers. Rosalia Project, a nonprofit focused on ocean protection, led a study of microfiber pollution across an entire watershed (from the mouth of Hudson River all the way to where the river meets the Atlantic in Manhattan). Rachael Z. Miller, group's director, was surprised to find that, outside of samples taken near treatment plants, there was no statistically significant difference in the concentration fibers from the alpine region to the agricultural center of New York state to the high population areas of Manhattan and New Jersey. This suggested to her that fibers might be entering surface waters from the air and from septic system drainfields in rural areas without municipal sewage systems. According to Textile World, demand for polyester has grown faster than demand for wool, cotton and other fibers for at least 20 years. And by 2030 synthetics are expected to account for 75% of global apparel fiber production, or 107 million tons. All textiles, including carpeting and upholstery, produce microfibers. So do commercial fishing nets. But due to the frequency with which apparel is laundered and the increasing quantities of clothing being purchased throughout the world (thanks at least in part to the so-called fast fashion trend), apparel is the microfiber source on which researchers and policy-makers are focusing attention. Krystle Moody, a textile industry consultant, says, 'Outdoor gear is heavily reliant on synthetic textiles due to their performance profile (moisture wicking) and durability.' Jeffrey Silberman, professor and chairperson of textile development and marketing with the Fashion Institute of Technology at the State University of New York, says, 'Price is the big driver behind the use of synthetics in textiles. A poly-cotton blend is generally far cheaper than a cotton one, but doesn’t look or feel appreciably different to most consumers. The motivation is to get natural-like fibers and still be able to get a price point that people are willing to pay.' Katy Stevens, sustainability project manager for the outdoor gear industry consortium European Outdoor Group (EOG), says, 'Initial research suggested that recycled polyester might shed more microfibers. Are we doing the right thing by using recycled polyester that might shed more? It has added a whole other big question mark.' Other studies have found microfibers in effluent from wastewater plants (Wastewater Treatment Works (WwTW) as a Source of Microplastics in the Aquatic Environment - Fionn Murphy, Ciaran Ewins, Frederic Carbonnier, Brian Quinn), in the digestive tracts of market fish (Ingested plastic transfers hazardous chemicals to fish and induces hepatic stress - Chelsea M. Rochman, Eunha Hoh, Tomofumi Kurobe, Swee J. Teh), throughout riversheds (Mountains to the sea: River study of plastic and non-plastic microfiber pollution in the northeast USA - Rachael Z. Miller, Andrew J. R. Watts, Brooke O. Winslow, Tamara S.Galloway, Abigail P. W. Barrows) and in air samples. Two separate studies released in March 2018 revealed that microfibers are found in bottled water sold all over the world. And a study published weeks later revealed that microplastic - chiefly microfibers - were present in 159 samples of tap water from around the word, a dozen brands of beer (made with Great Lakes water) as well as sea salt, also derived globally. Although most research has focused on synthetics textiles, but Abigail P. W. Barrows, an independent microplastics researcher who has conducted numerous studies on microfibers, says, 'Natural fibers such as cotton and wool, and semi-synthetics such as rayon should not be totally ignored. While they will degrade more quickly than, say, polyester, they may still be treated with chemicals of concern that can move up the food chain if the fibers are consumed before they degrade.' The study she led in 2018 (Marine environment microfiber contamination: Global patterns and the diversity of microparticle origins - Abigail P. W. Barrows, Sara E. Kathey, C. W. Petersen) found that in the surface water samples collected globally while 91% of the particles collected were microfibers, 12% of those were semi-synthetic and 31% were natural. Read on...
Mohammad Anas Wahaj | 28 jul 2018
Collaborative partnerships between local government, community, nonprofit organizations, academia and businesses can do wonders to enhance the various aspects of localities, cities and regions. An old factory site being rehabilitated as a business park in Lackawanna (New York, USA) is an example of sustainable redevelopment and the impact a local government can have on climate change. Erie County Executive Mark Poloncarz, Deputy Executive Maria Whyte and others officials visited Conrnell Universuty campus and discussed the redevelopment project with faculty and shared county initiatives focused on sustainability and economic growth, quality of life and building strong communities. Mr. Poloncarz says, 'Strong partnerships and sustainable practices are essential to progress, giving more people a say in their community and making responsible use of our resources to effect change that benefits generations yet to come.' Basil Safi, Executive Director of the Office of Engagement Initiatives at Cornell, says, 'The event was organized as a launching point to further community-engaged research and learning collaborations with Erie County', seeding ideas for potential projects involving Cornell students and faculty.' Initiatives for a Smart Economy (I4SE) is an economic development strategy Erie County enacted in 2013 and updated last year as I4SE 2.0. It contains 71 initiatives and is focused on inclusion and creating shared opportunities for all residents, to address persistent poverty and underemployment. Max Zhang, associate professor of mechanical and aerospace engineering at Cornell, says, 'I can envision that students team up with community partners to address specific challenges they are facing.' Rebecca Brenner, a lecturer at the Cornell Institute for Public Affairs, began a project in spring 2017 in Buffalo (NY) on improving communications during an emergency for that city's diverse, multilingual refugee population, and creating an emergency notification plan with nonprofit resettlement agencies as community partners. Erie County has about 300 current strategic initiatives led by county departments with community partners. They include fostering hiring of disadvantaged residents in high-poverty areas for construction jobs amid Buffalo's building boom; exploring the feasibility of a new convention center to spur tourism; creating an agribusiness park in rural southern Erie County; supporting health and human services agencies and energy programs targeting low-income households; and infrastructure and environmental remediation in county parks. Shorna Allred, associate professor of natural resources at Cornell, says, 'I was quite impressed and intrigued by what they are doing in Buffalo...We are similarly trying to bring together a partnership of people to work on sustainability issues across the city...' Read on...
Sustainable economic strategies spur engaged research interest
Author: Daniel Aloi
Mohammad Anas Wahaj | 30 apr 2018
Artificial Intelligence is one of the fields that's getting most attention from technology companies. AI researchers specialize in neural networks, complex algorithms that learn tasks by analyzing vast amounts of data. They are used in everything from digital assistants in smartphones to self-driving cars. Those with AI skills are in high demand. But, the salary data related to AI hires hasn't been in public domain. Now OpenAI, a nonprofit AI research organization, had made the salaries of their AI researchers public as their nonprofit setup requires them to do so. Top OpenAI researchers were paid as follows - Ilya Sutskever (more than US$ 1.9 million in 2016); Ian Goodfellow (more than US$ 800000 after getting hired in March 2016); Prof. Pieter Abbeel of University of California at Berkeley (US$ 425000 after joining in June 2016). OpenAI was founded by Elon Musk (CEO of Tesla) and other well-known names in technology. Element AI, an independent lab in Canada, estimates that 22000 people worldwide have the skills needed to do serious AI research - about double from a year ago. Chris Nicholson, Founder & CEO of AI startup Skymind, says, 'There is a mountain of demand and a trickle of supply.' There is scarcity of AI talent. Governments and universities are also seeking AI researchers, even though they may not match the salaries paid by private enterprises. OpenAI too cannot compensate equivalent to private tech companies as stock options are major attraction there. But OpenAI shares its research with the world, considered a positive approach in responsibile tech development. Mr. Sutskever says, 'I turned down offers for multiple times the dollar amount I accepted at OpenAI. Others did the same.' He expects salaries at OpenAI to increase as the organization pursued its 'mission of ensuring powerful AI benefits all of humanity.' AI specialists with little or no industry experience can make between US$ 300000 and US$ 500000 a year in salary and stock. Wojciech Zaremba, a researcher who joined OpenAI after internships at Google and Facebook, says, 'The amount of money was borderline crazy.' He says that tech companies offered 2 or 3 times what he believed his real market value was. At a London AI lab now owned by Google, costs for 400 employees totaled US$ 138 million in 2016. Top researchers are paid higher. Mr. Nicholson says, 'When you hire a star, you are not just hiring a star. You are hiring everyone they attract. And you are paying for all the publicity they will attract.' Other top researchers at OpenAI included Greg Brockman and Andrej Karpathy. In a growing and competitive tech field like AI it becomes challenging for organizations to retain talent. Read on...
The New York Times:
A.I. Researchers Are Making More Than $1 Million, Even at a Nonprofit
Author: Cade Metz
Mohammad Anas Wahaj | 30 apr 2018
Considering the large number of competing nonprofits in a big town with their limited budgets, it's always challenging for them to reach out and attract donors and manage fundraising effectively. There are more than 2300 nonprofits operating in Philadelphia (USA). According to a research report 'The Financial Health of Philadelphia Area Nonprofits', funded by The Philadelphia Foundation, more than 40% of the nonprofits in the area are working at a loss, operate on margins of zero or less and fewer can be considered financially strong. With more than half the nonprofits operating on slim-to-none budget with limited support staff, fundraising is a challnging task. But Drexel University professor, Neville Vakharia, created an online tool, ImpactView Philadelphia, that uses publicly available data on nonprofit organizations from the Internal Revenue Service (IRS) in combination with the most recent American Community Survey data released by the U.S. Census Bureau to present an easy-to-access snapshot of Philadelphia's nonprofit ecosystem. The tool intends to help nonprofits streamline their fundraising process. It makes information about nonprofit organizations, and the communities they're striving to help, more accessible to likeminded charities and the philanthropic organizations that seek to fund them. Prof. Neville says, 'Through the location intelligence visualizer, users can immediately find areas of need and potential collaborators. The data are automatically visualized and mapped on-screen, identifying, for example, pockets of high poverty with large populations of children as well as the nonprofit service providers in these areas. Making this data accessible for nonprofits will cut down on time spent seeking information and improve the ability to make data-informed decisions, while also helping with case making and grant applications.' Since the tool is open-source it can be easily replicated in other cities. Read on...
Mohammad Anas Wahaj | 30 sep 2017
Data can be gold for those who can mine and transform it into a valuable form. Mastercard is giving a new meaning to it and evolving a concept of 'data philanthropy.' Shamina Singh, president of the Mastercard Center for Inclusive Growth, explains the idea of data philanthropy and how data can be utilized for social good and social impact. She says, 'The initiative first came up through a partnership with DataKind in the United States. They were set up to galvanize data scientists from around the world and plug them into social impact work. And so a number of our Mastercard data scientists signed up to DataKind programs, and this gave us the opportunity to form a much more lasting and strategic partnership between the organizations. It opened a new conversation about data for good, what it could look like, and who was doing what in this space. It was also around this time that we had the United Nations opening up to data and data initiatives, and companies like Microsoft thinking about data for good.' Explaining some of the elements of data philanthropy Mastercard is focused on, she says, 'One is working with actual Mastercard data and trying to figure out if there are uses with anonymized and aggregated data that will not only respect the rules of the road around privacy, but can be used for research. We first opened our data for use by Harvard University, who approached us with a proposal to use the data to understand how economies grow, with a specific focus on tourism data and understanding how tourism dollars move in a country. Using Mastercard transaction data, we were able to provide new insights into this area...The other area of data philanthropy is around data analytics. What we have found is that many social impact organizations or NGOs do not need Mastercard data at all. Instead, they need to understand their own data, but often don't have the capacity or resources to help themselves. In those instances, we provide either a grant to hire a data scientist, fund an expert consultant, or provide our own data scientists to build their capacity and ability to learn. The inspiration for this element of data philanthropy came from our work with an organization called DoSomething...' Providing information on how Mastercard data scientists are internally looking for insights, she says, 'We started something called the charitable donations insight, and that is something that one of our colleagues is doing where she is using Mastercard data and drawing insights to help nonprofits understand charitable giving. We asked what a spending poll would look like for not-for-profits and social impact organizations, and insights is the first attempt at that...What she realized is that a lot of the not-for-profits have to raise their own funds, but there is not a lot of science behind potentially where and how they should be doing this. So she thought if she could unlock some of the data around the charitable contributions that we know of, she could offer insights to assist them. The other thing we did, which was very interesting, was we created a dataset that organizations could pull down if they want to, and mix it with your own data to self-regulate your own work.' Read on...
Mohammad Anas Wahaj | 26 jul 2017
Richard J. Weller, professor of landscape architecture at University of Pennsylvania, and team of academics have created an online project called 'Atlas for the End of the World', a collection of maps and graphics to help viewers see where and how urbanization is in conflict with biodiversity. According to Prof. Weller, 'We mapped that interface between urban growth and the world's most valuable diversity...That conflict is bloody, it's disastrous, it's happening all over the world.' The project is an answer to Ortelius's 'Theatrum Orbis Terrarum' (Theatre of the World), printed in 1570 and thought to be the first modern atlas. Prof. Weller hopes that by 'mapping the intricacies of ecological conflict...architects, designers, and others can help create more ecologically sustainable relations between people and the planet.' Read on...
Data Activists Map the World's Ecological Conflict
Author: Cyndi Suarez
Mohammad Anas Wahaj | 28 mar 2017
In recent years, more than 50 countries have increased their restrictions on foreign aid to non-government organizations (NGOs). One of the concerning aspects of the trend is that it's happening not only in authoritarian regimes but also in democracies. The research paper, 'Globalization Without a Safety Net: The Challenge of Protecting Cross-Border Funding of NGOs', by Prof. Lloyd Hitoshi Mayer of University of Notre Dame Law School, identifies this problem faced by NGOs and explores options for countering the restrictions. Some of the new restrictions are - additional registration and reporting obligations, requirements to obtain government approval before seeking or accepting funding and mandates that funding be routed through government agencies or used only for specific activities. Prof. Mayer cites three factors that led to crackdown on cross-border funding - (1) A steady rise over the years in the amount of money flowing from Western donors to NGOs in other countries. (2) An increase in funding designated for human-rights protections and pro-democracy efforts. (3) An overall swelling of nationalist feelings in many countries. Prof. Mayer says, 'I think it's part of the larger trend we see globally of countries becoming more suspicious of foreign influences and the influences of outsiders, and more suspicious of attempts to empower and encourage minorities within countries. They are concerned about the importation of foreign values and views.' The challenges created by restrictions may require alternate strategies. According to Prof. Mayers, 'It creates a huge burden on both the funders and domestic NGOs that seek to challenge these restrictions, because the landscape is constantly changing, and they have to customize their response to every country where they're involved.' Read on...
Notre Dame News:
Professor offers options to counter escalating crackdowns on NGOs
Author: Kevin Allen
Mohammad Anas Wahaj | 29 may 2016
A number of studies have strengthened the common belief that being around trees and close to nature improves one's mental and physical well-being. Research by Prof. Bin Jiang of the University of Illinois at Urbana-Champaign (now at University of Hong Kong) and his team, further emboldens the belief regarding the soothing aspects of green environment on stress levels and blood pressure. The study was undertaken to determine the dose-response curve between tree cover density and stress recovery. It included 158 volunteers in mildly stressful situations. The experiment utilized virtual reality headset to view 360-degree videos of an urban space with varying amounts of tree canopy visible. Results obtained from the tests showed a positive linear association between the density of trees and the self reported recovery from stress. Prof. Jiang comments, 'These finding suggest that viewing a tree canopy in communities can aid stress recovery and that every tree matters.' Researchers found that regardless of age, gender, and baseline stress levels the greater the exposure to trees, the less stress the subject felt. Read on...
Total Landscape Care:
University study - Stress falls as exposure to trees increases
Author: Jill Odom
Mohammad Anas Wahaj | 08 may 2016
UK-India Social Enterprise Education Network (UKISEEN), a collaborative project between IIT Madras (India) and University of Southampton (UK), funded by British Council, was recently launched in India. Prof. Pathik Pathak, Director of Social Enterprise and founding director of Social Impact Lab at University of Southampton, explains his views on social entrepreneurship education and employment, aims and objectives of UKISEEN and how India is embracing social entrepreneurship. ON SOCIAL ENTREPRENEURSHIP: 'Fundamentally, it's about using entrepreneurship and innovation to drive social change. Social entrepreneurship is important because it gives students a unique skill-set...We think that social entrepreneurship is a catalyst for producing the graduates that the world needs. This is why so many universities in India have embraced social entrepreneurship.' ON UKISEEN: 'It involves universities collaborating to understand the best practices in social entrepreneurship education and exchanging ideas. There are two levels to the collaboration - at the faculty level and student level.' ON ROLE OF UNIVERSITIES: 'Employability is all about leadership now...universities' role includes more than merely educating students. Social entrepreneurship helps students inculcate innovation and creative skills. Fundamentally, it is about problem-solving, which is what leadership is all about as well. Besides, regardless of the profession you enter, you need to be entrepreneurial.' ON EMPLOYMENT OPPORTUNITIES: 'One can go and work in the social investment space...Another indirect way is that it gives them the skills to go into the workforce and become leaders.' Read on...
Mohammad Anas Wahaj | 07 apr 2016
This year's World Health Day, that falls today (07 April 2016), has the theme 'Beat Diabetes!'. The World Health Organization has singled out tackling diabetes as one of the most critical healthcare challenge but at the same time tried to give a strong message that it is not too hard to manage if people can put their thoughts and actions in the right direction. Alex Jones, health economist at the social enterprise Oxford Policy Management and researcher at University of the West Indies, provides historial perspective on how international health organizations and governments over time have developed and implemented different types of policies in tackling global health issues. Sometimes they have utilized a single disease approach and at others they have been more holistic and tried to improve health systems around the world. He further explores two approaches and provides opinion on their long-term benefits. According to him, 'A quick look back through history reveals a disturbingly cyclical pattern: As an international community we've been flip-flopping between the two approaches - vertical and horizontal - for at least the last century.' He explains, 'As far back as the 1920s, the sector saw the growth of what was known as the 'Social Medicine Movement' - based on the consideration that ill health could actually be a consequence of poor social conditions...Throughout the first half of the 20th century the Rockefeller Foundation became one of the most influential organisations in global health, implementing programmes in over 80 countries...it always kept the aim of combating specific diseases through targeted campaigns. Post-war politics saw the creation of a number of international agencies that pursued similar vertical programmes...The failure of the GMEP (WHO's Global Malaria Eradication Project) and the relative success of Mao Zedong's community-led 'Barefoot Doctors' programme in China both helped to swing the global health pendulum towards a more horizontal 'systems' approach. In 1975, the WHO launched its Primary Health Care strategy and in 1978 (after sustained advocacy from the Soviet Union) the famous Alma-Ata conference was held...this was a pledge to build up basic health systems around the world...and heralded the birth of the 'Health for All'...The beginning of the 80's, however, saw the pendulum swing firmly back towards vertical interventions...the last ten years have seen a swing back to the ideals of Alma-Ata and the mantra of putting people - rather than pathogens - front and centre of health initiatives...In 2012, the United Nations General Assembly formally recognised and unanimously endorsed the idea of Universal Health Coverage (UHC).' While explaining the current state of health policy focus and interventions, he comments, 'Given the benefit of hindsight, there's a strong risk that today's current focus on UHC might not survive the constant push towards seemingly more feasible, targeted interventions. This apparently inevitable swing to the vertical, however, misses the point on two key fronts: First, history shows us that morbidities are integrated, both with each other and with our ways of life. Second, when something new comes along, a health sector built around a few target pathogens simply cannot deal with it.' Finally, he suggests, 'Let's continue to focus resources where significant advances in disease eradication are possible, partnering with those who can make this happen - but let's take care not to do this at the expense of overall systems strengthening.' Read on...
Mohammad Anas Wahaj | 03 mar 2016
Harvard University academics, Prof. Mark R. Kramer and Prof. Michael E. Porter, introduced the concept of 'Creating Shared Value (CSV)' in HBR (2011), as an approach that takes into account social problems which intersect with businesses and makes it a major part of the core business strategy of a company. In the context of India the approach is much more relevant as it is still struggling with numerous social issues like poverty, illiteracy, unemployment, health etc. The academics feel that Indian businesses are still missing something in their view of long-term sustainabile business models. While speaking at 'Shared Value Summit 2015' in India, Prof. Kramer said, 'You cannot have a successful business in a failing society...for the CSV model to become a part of corporate hygiene anywhere needs major mindset change where we embrace a problem solving approach that goes beyond thinking what we can do in our company alone to also what we can do for society that we operate in.' He further explains that, 'CSV doesn't replace CSR and philanthropy, but can be in addition to them, such that businesses can find new opportunities for competitive advantage by beginning to think about these social issues as part of their overall corporate strategy.' Read on...
Mohammad Anas Wahaj | 29 feb 2016
According to World Health Organization (WHO), air pollution has become the world's biggest environmental risk, linked to over 7 million deaths a year. A global team of scientists (Farid Touati, Claudio Legena, Alessio Galli, Damiano Crescini, Paolo Crescini, Adel Ben Mnaouer) from Canadian University Dubai, Qatar University, and the University of Brescia (Italy), have developed a technology, known as SENNO (Sensor Node), that enables high-efficiency air quality monitoring, to help promote a cleaner environment and reduce the health risks associated with poor atmospheric quality. The technology promises to make air quality monitoring cost-effective. The research paper, 'Environmentally Powered Multiparametric Wireless Sensor Node for Air Quality Diagnostic', was published in Sensors and Materials journal. Prof. Adel Ben Mnaouer of Canadian University Dubai (CUD), says, 'Sensor networks dedicated to atmospheric monitoring can provide an early warning of environmental hazards. However, remote systems need robust and reliable sensor nodes, which require high levels of power efficiency for autonomous, continuous and long-term use...Our technology harvests environmental energy...it optimises energy use by the sensory equipment, so as to function only for the time needed to achieve the operations of sensor warm-up, sampling, data processing and wireless data transmission, thereby creating an air quality monitoring system that measures pollutants in a sustainable and efficient way.' Read on...
The Gulf Today:
Dubai professor develops innovation to combat increasing air pollution
Mohammad Anas Wahaj | 24 feb 2016
According to a study by Prof. Sachin Modi of Iowa State University (USA) and Saurabh Mishra of McGill University (Canada), a strong marketing department is crucial to helping a firm leverage its efforts to be socially responsible. Study results show the combination of marketing and CSR can provide shareholders with a 3.5 percent gain in stock returns. Researchers defined CSR as discretionary firm activities aimed at enhancing societal well-being and analyzed six different types of CSR activities - environment, products, diversity, corporate governance, employees and community - to determine whether marketing of these efforts increased long-term firm value and stock price. Firms often consider CSR as a cost and have to make an investment and may not always see the benefits. Prof. Modi says, 'What we want to show is that if a firm is good and has some complimentary capabilities, it can gain a lot from CSR activities...The return is dependent upon the type of activity. Firms benefited from five of the six types of CSR efforts studied, with the exception of charitable giving and philanthropy...We're not saying firms shouldn't give to charity, because it is a very important component, all we're saying is we don't see a financial return.' Prof. Modi further suggests, 'Our hope is that firms see it is important to be socially responsible. It's not a choice of one versus the other. Firms have to do multiple aspects of being socially responsible.' Read on...
ISU News Service:
Marketing key to return on corporate social responsibility investment, ISU study shows
Author: Angie Hunt
Mohammad Anas Wahaj | 08 feb 2016
Collaborative multidisciplinary and interdisciplinary approaches are needed to tackle complex real world problems that require large amount of resources, diverse set of perspectives, and extensive expertise and skills. A similar joint effort is being utilized to create 'Human Rights Methodology Lab' by Center for Human Rights and Global Justice (CHRGC) at NYU Law School, Human Rights Institute (HRI) at Columbia University Law School and Human Rights Watch (HRW). The lab will bring together leading human rights investigators, advocates, and scholars with experts across disciplines to develop new approaches to the investigation of human rights abuses and to propose concrete improvements in advocacy-oriented human rights research. According to Prof. Margaret Satterthwaite, co-chair and faculty director at the CHRGC, 'Rigorous, interdisciplinary methods are essential to making human rights advocacy more effective. Improving methods helps us solidify the evidence base for our advocacy, and gives us tools to help understand the dynamics behind violations, their scope and intensity, and ultimately, their causes.' Prof. Sarah Knuckey, co-director at HRI, says 'The lab will bring together small, carefully curated groups to develop methods for human rights projects during their early stages of development. There are currently too few formal spaces for human rights advocates to critique and experiment, and the lab responds to the needs of researchers to innovate, test and share new research tools and techniques.' According to Amanda Klasing, senior women's rights researcher at HRW, 'The chance to discuss methods with experts in other disciplines is an invaluable resource. It allows researchers to develop innovative projects with data and approaches that can help us improve our advocacy for ending abuses.' In addition to above persons, the other convener of the lab is Brian Root, quantitative analyst at HRW. The lab will also have participation and assistance of Holly Stubbs, a researcher at Center for Economic and Social Rights (CESR). Read on...
Human Rights Watch:
Innovative Lab Launched to Strengthen Human Rights Work
Mohammad Anas Wahaj | 09 dec 2015
U.S. spends a total of US$ 2.8 trillion on healthcare and surprisingly about half of it is spent on just 5% of the general population. To expand healthcare reach the general solution is to spend more money. But Prof. David S. Buck of Baylor College of Medicine and director of the Primary Care Innovation Center (PCIC) in Houston (Texas, US), explains that spending more money, specifically in Harris County, has yielded poor outcomes, no coordination between healthcare providers and no safety net system for those most in need. According to him the healthcare system is non-existent in the region and it is merely a grouping of medical silos. The nonprofit PCIC is working towards creating a true healthcare system to reach the most vulnerable and most medically expensive residents, and provide affordable and better healthcare overall by reducing hospital costs. PCIC is first identifying 'super-utilizers', a small group of patients that are extremely sick and costly. These patients utilize most of the healthcare services and are generally treated in emergency rooms. Health staff after identifying these 'super-utilizers' will work with them individually and develop a treatment and care plan for better management of their health issues. This will finally reduce their hospital emergency visits and lower healthcare costs. Delay in treating small problems leads them to become emergencies and bring inefficiencies in the health system along with increased difficulties to patients. Prof. Buck suggests an integrated database of these patients for timely and effective treatment and care. According to him, 'Developing a safety net takes time, commitment and shared data...If hospitals share data, it won't just improve the institution's bottom line; it'll improve care for the community...We also need school systems to share data, so that we can learn how health and social factors are linked, and improve the health of students and their families.' Read on...
Medical data-sharing could curb cost of 'super-utilizers'
Author: David S. Buck
Mohammad Anas Wahaj | 14 oct 2015
According to a recent report by Commonwealth Fund, 'U.S. Health Care from a Global Perspective: Spending, Use of Services, Prices, and Health in 13 Countries', based on data by OECD (Organization for Economic Cooperation and Development) and other cross-national analyses, the US spent US$ 9086 per person on healthcare in 2013, which corresponds to 17.1% of GDP. This was about 50% more than the second highest spender (France-11.6% of GDP) and almost twice of what UK (8.8%) spent. In US if the patients are unable to pay their healthcare bills, it either becomes a bad debt for the patient or is written off as 'charity-care', adding up to US$ 57 billion in uncompensated care. To study and analyse this aspect of healthcare, researchers from Northwestern University - David Dranove, Craig Garthwaite, and Christopher Ody - as part of The Hamilton Project by Brookings Institution, argue that there is room for efficiency improvement in the charity-care system and the supply and demand for charity care are not geographically inclined. This means that hospitals that have more resources available for charity-care, ones mostly located in high-income areas, are not located in the places where people most need it, i.e. the low-income areas. To rectify this situation, researchers propose a 'floor-and-trade' system, in which all hospitals are required to provide some charity-care to low income patients. One of the researcher, Craig Garthwaite, comments 'As the Affordable Care Act has rearranged the flows of patients to hospitals and decreased the number of uninsured Americans, it's a good time to reconsider how hospitals commit themselves to serving their surrounding communities.' Read on...
Mohammad Anas Wahaj | 10 oct 2015
According to Global Impact Investing Network (GIIN), 'Impact investments are investments made into companies, organizations, and funds with the intention to generate social and environmental impact alongside a financial return...The growing impact investment market provides capital to address the world's most pressing challenges in sectors such as sustainable agriculture, clean technology, microfinance, and affordable and accessible basic services including housing, healthcare, and education.' The recent report by Wharton School of the University of Pennsylvania, 'Great Expectations: Mission Preservation and Financial Performance in Impact Investments', based on the evaluation of financial performance of 53 impact investing equity funds that include 557 individual investments, explores the two most important aspects of impact investing - financial returns and long-term impact. The study suggests that - in certain markets segments - investors might not need to expect lower returns as a tradeoff for social impact. According to authors of the report, Wharton finance professors David Musto and Chris Geczy, certain market segments of funds in the sample yield returns close to those of public market indices. Prof. Geczy explains, 'Our research fills a near-void of rigorous analysis of private investment and social impact outcomes and most importantly the link between the ideals of doing well and doing good. The study examines the tension between profits and purpose, also bringing to bear analyses characterizing relative performance as well as statistical certainty about the result. It represents an exciting initial advancement in our ongoing social impact research agenda.' Read on...
Mohammad Anas Wahaj | 09 jun 2015
Diversity in nonprofit boards and leadership is an essential element of governance. It helps in bringing different perspectives and expertise in the decision-making process and affects the culture and dynamics of the nonprofit boards. Team of researchers led by Professor Garry W. Jenkins of The Ohio State University undertook the study to understand the ways in which the composition of the nonprofit boards has evolved in recent years in US. They examined the biographies of governing directors in 1989 and 2014 of three sets of nonprofit organizations: major private research universities, elite small liberal arts colleges, and prominent New York City cultural and health institutions. According to Prof. Jenkins, 'The most striking finding was the sizable presence and growth on charitable boards of those whose primary professional background and skill set were drawn from the financial services industry. The tally indicates that the percentage of people from finance on the boards virtually doubled at all three types of nonprofits between 1989 and 2014.' Another important takeaway from the study is the presence of high percentage of board leadership positions from the finance sector (Liberal Arts Colleges - 44%, New York City Nonprofits - 44%, Private Universities - 56%). Prof. Jenkins while mentioning the 2012 figures for finance sector contribution to GDP (7.9%) and employment (6% of private non-farm workforce) explains, 'If nonprofit boards were composed of a representative group of people from society, one would expect trustees with a finance background to represent roughly 6 to 8 percent of board members. Instead, according to our research, trustees with professional backgrounds and skills primarily from the financial services industry represent about four times that number.' While answering about this shift in composition of nonprofit boards, Prof. Jenkins says, 'Nonprofit organizations are simply following the money. Driven by the heightened pressure and expectations to raise ever larger sums, nonprofit boards and managers are selecting new board members with an eye toward those with the greatest capacity for making "transformative gifts."' The dominance of financiers in the nonprofit boards also influences the working dynamics of the board with inclusion of specific practices, approaches and priorities (Data-driven decision making; Emphasis on metrics; Prioritizing impact and competition; Managing with 3-5 years horizons and plans; Advocating executive-style leadership; Compensation etc). Although these practices do have benefits for nonprofits, but at the same time too much financial and business-like emphasis in the functioning of the board may have adverse impact on charitable goals and objectives. For the long-term success and effectiveness of the nonprofit boards the need would be to balance the composition of the board with inclusion of individuals that have expertise and skills in different fields alongwith consideration of racial and gender diversity, minority representation etc. Read on...
Mohammad Anas Wahaj | 25 apr 2015
The survey of 924 nonprofit board directors conducted by team of researchers (David F. Larcker, William F. Meehan III, Nicholas Donatiello, Brian Tayan) from Stanford Graduate School of Business supports a long-held hypothesis that many nonprofit boards are ineffective. The study revealed that a significant minority are unsure of their organization's mission and strategy, dissatisfied with their ability to evaluate their organization's performance, and uncertain whether their fellow board members have the experience to do their jobs well. According to Prof. Larcker, the lead researcher, 'Our research finds that too often board members lack the skill set, depth of knowledge, and engagement required to help their organizations succeed.' Researchers offer following recommendations to improve nonprofit board governance - (1) Ensure the mission is focused, and its skills and resources are well-aligned. (2) Ensure the mission is understood by the board, management, and key stakeholders. (3) Establish explicit goals and strategies tied to achieving that mission. (4) Develop rigorous performance metrics that reflect those goals. (5) Hold the executive director accountable for meeting the performance metrics, and evaluate his or her performance with an objective process. (6) Compose your board with individuals with skills, resources, diversity, and dedication to address the needs of the nonprofit. (7) Define explicitly the roles and responsibility of board members. (8) Establish well-defined board, committee, and ad hoc processes that reflect the nonprofit's needs and ensure optimal handling of key decisions. (9) Regularly review and assess each board member and the board's overall performance. Read on...
Stanford Research Offers Nine Tips to Improve Nonprofit Governance
Author: Heather Hansen
Mohammad Anas Wahaj | 28 feb 2015
According to National Council of Nonprofits, 'Nonprofit board members are the fiduciaries who steer the organization towards a sustainable future by adopting sound governance and financial management policies, and ensuring adequate resources. The board of directors have three primary legal duties known as the "duty of care", "duty of loyalty", and "duty of obedience".' To make changes to various aspects of the organization and take decisive actions is a challenging task and requires experienced, capable and effective individuals to be members of the board. Professor Eugene Fram of Rochester Institute of Technology, defines three main groups of board members who are part of the decision making process - (1) Directors who want change (2) Directors opposed to change (3) 'Process Directors', individuals who are uncomfortable with major decisions and always want more data or information before voting. The third type of directors, although well-intentioned individuals, can sometime become obstacles in the board's decisiveness. According to Prof. Fram, 'The board has to be careful that these directors don't allow the board to continually examine one angle after another until they lose sight of the board's main job. They can keep action in limbo indefinitely!' Board chair have to optimize the board processes and don't let them go out of hand, as it may result in loss of talented volunteers. Read on...
How Can Nonprofit Boards Overcome the Inertia of Certain Directors?
Author: Eugene Fram
Mohammad Anas Wahaj | 30 nov 2014
Nonprofit boards play an important role in providing direction and guidance to the organization by developing policies and plans to achieve their goals. They also bring accountability and oversight to the organization. Eugene Fram, Professor Emeritus at Rochester Institute of Technology, provides outcomes of one of the sessions organized by National Association of Corporate Directors (NACD) focusing on board 'challenges and opportunities expected in the next five to seven years.' According to Prof. Fram, the results of the session, although for for-profit boards, can also be applied to help nonprofit boards focus on culture, leadership and achieve strategic success: (1) Inherent in the board-management relationship is an information imbalance. (2) With an expanding board agenda, process and expectation settings are critical. (3) An empowered lead director... can help mitigate the risk of information imbalance. ... and can break down some of the roadblocks that may develop between the management and directors. (4) Ultimately, the board has to make winning decisions that are informed by data. (5) The board should identify which stakeholders are critical to the strategic plan and target communications to those groups. Read on...
Strong Culture and Leadership Critical for Nonprofit Board Strategic Success
Author: Eugene Fram
Mohammad Anas Wahaj | 12 sep 2014
For the better development of society, it is important that kids, who are the future, spend time in community service activities. Leigh Ann Errico, founder & CEO of Kidkind Foundation & 'Wear the Capes', points out, 'Volunteering with your kids touches hearts, teaches important life lessons and engraves fond, lifelong memories of family bonding. Understanding and participating in activities to benefit the community is crucial to weaving one's moral fiber.' Based on extensive research, Dr. Philip Brown of Rutgers University & 'Wear the Cape', provide reasons to encourage kids to serve others. According to him, 'As young people get older, they need to stretch their abilities, including their moral sensibilities. Engagement with other kids and adults in meaningful service activities can support healthy development in a variety of ways, providing opportunities for both growth and positive fulfillment.' The 10 reasons suggested by him are - (1) Volunteering helps foster empathy (2) Volunteering helps develop a sense of self-efficacy (3) Volunteers gain experience working with other people (4) Volunteering develops new skills (5) Volunteering provides the opportunity to explore new interests and develop new passions (6) Volunteers learn a lot (7) Volunteers actually make a difference in other people's lives (8) Volunteering encourages civic responsibility (9) Volunteering offers you a chance to give back (10) Volunteering is good for you. Read on...
TOP 10 REASONS TO ENCOURAGE YOUR KIDS TO VOLUNTEER
Mohammad Anas Wahaj | 08 apr 2014
A team of economists, Esther Duflo & Abhijeet Banerjee (both from MIT) and Arun Chandrashekhar & Matthew Jackson (both from Stanford), in their research paper 'The Diffusion of Microfinance', explain the effects of providing information first to the well connected people on the popularity of socially beneficial programs. They termed this new measure of social influence as 'diffusion centrality'. Researchers examined the spread of microfinance in India through word of mouth and found that when socially well connected individuals were the first to know and gain access to these programs it increased the participation by 11%. The surveys for the study were mainly conducted in the select villages of the state of Karnataka in India. The study also found that participants in the microfinance programs are more effective in dissipating information to others - 7 times more than those who know about the programs but not participating. The research can be utilized by microfinance institutions and nonprofit poverty alleviation groups to evaluate the most effective methods to introduce and implement such programs in local settings. Read on...
Mohammad Anas Wahaj | 27 jan 2014
Harvard University's Center for Nonprofits estimates that US-based nonprofit organizations have about US$ 40 billion fraud losses every year. While a Washington Post analysis of filings from 2008 to 2012 found that top 20 nonprofit organizations have a combined loss of more than half-billion dollars due to unauthorized uses of funds. Professor Eugene Fram of Rochester Institute of Technology have some suggestions for the boards of charitables - Audit committee to review annual audits; Supervise executive compensation & other financial activities; Annual review of conflict of interest policies; Honesty background of new hires; Interactions with external auditors without the presence of management. He also suggest a list of questions that should be asked with the auditors to ascertain any financial wrongdoings and ensure fraud prevention. Alert, attentive and proactive boards can create environment of honesty and deter happenings of fraud. Read on...
Nonprofit Fraud Robs Charities of Substantial Dollars
Author: Eugene Fram
Mohammad Anas Wahaj | 22 dec 2013
According to a study by Margaret Ormiston of London Business School and Elaine Wong of University of California at Riverside, for every five cases of good CSR (Corporate Social Responsibility) that Fortune 500 CEOs undertake they commit one act of CSiR (Corporate Social Irresponsibility). For their study they considered the 2002 list of Fortune 500 CEOs, obtained detailed background information available through various media, conducted assessment tests like California Adult Q-sort (a forced distributed methodology) and narrowed the list to 49 CEOs for the study. Then they used KDL (Kinder, Lydenberg, Domini) scale to assess CSiR. KDL rates companies in seven qualitative areas from a scale of -2 to +2 on aspects like environmental behavior, community relations, employee relations, corporate governance, diversity, human rights, and product. Researchers suggest that CEOs should always be aware and vigilant of their organization's activities from all aspects and companies should have CSR board or an oversight committee to check on their CEO more frequently. Read on...
Study - How CSR Leads to Corporate Social Irresponsibility
Author: Michael Lewis
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