Increased Corporate Reporting Good For Nonprofits

The trend upward could open more and more opportunities for nonprofits to foster relationships with corporate partners, according to Hank Boerner, chairman and co-founder of the institute.
The increased reporting started at the turn of the century when companies were in the midst of inflating figures – leading to the burst of the tech bubble, according to Boerner. Congress passed the Sarbanes-Oxley Act in 2002, aimed at corporate governance reform, but the law did not prevent the 2008 recession. During the recovery, corporate managers began taking it upon themselves to be better corporate citizens, he said, reporting on corporate governance, policies, and environmental management.