Accountability and Ethics
The Alliance has compiled this set of accountability and ethics resources from amongst its own offerings as well as those throughout the nonprofit and museum sector.
The Alliance’s Code of Ethics for Museums is the formal statement of the ethical principles that the Alliance expects all museums and museum professionals to observe.
These are the umbrella standards for all museums that are developed through inclusive field-wide dialogue.
The Japanese American National Museum uses a checklist to track annual legal requirements (PDF). It lists the type of review or report required, the due date, the test, and the responsible party.
Internal Revenue Service shares some FAQs relating to public disclosure and documents filed by tax-exempt organizations.
Independent Sector developed a set of Principles for Good Governance and Ethical Practice which outlines 33 principles of sound practice for charitable organizations and foundations related to legal compliance and public disclosure, effective governance, financial oversight, and responsible fundraising.
Professional Practices in Art Museums provides a set of principles to guide directors in their administration of these obligations.
Independent Sector and BoardSource state that most of the provisions in the Sarbanes-Oxley Act apply only to publicly traded corporations. However, they urge nonprofit leaders to consider voluntarily adopting particular governance practices as a way to increase public accountability. The Sarbanes-Oxley Act and Implications for Nonprofit Organizations (PDF) reviews the provisions and assesses their relevance to nonprofits. It also discusses the two features of the bill that require immediate nonprofit compliance (record retention and whistleblower protection).