Best Practices in HDFC Governance

Housing development fund corporations ("HDFCs") are typically formed by and affiliated with another, sponsoring nonprofit organization ("Sponsor"). While the Sponsor might be vigilant about taking care of its governance, experience has shown that Sponsors often do not adhere to the same governance guidelines for their HDFC's. This workshop will focus specifically on the role of the Sponsor in forming the HDFC and the role of the Board of Directors in ensuring that the HDFC's corporate governance is consistent with best practices. It will also address how a Sponsor establishes control of the HDFC. The workshop topics will include a discussion on when you can use project reserves, fiduciary duties and obligations of HDFC directors under federal and state laws, measures that principals in an HDFC can implement to ensure adequate corporate accountability and procedural aspects of running an HDFC Board. For board members, executive directors, management and executive staff.

For more information, click here - http://www.lawyersalliance.org/workshops_descriptions.php#229

PRICING

Unless otherwise indicated, the registration fee for each workshop is $50/person;
$45/person if we receive payment at least three days in advance; and free for
representatives of current New York Foundation grantees.