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date: 13 July 2020

Abstract and Keywords

This chapter discusses the context of nonprofit organizations, which are under pressure to demonstrate how they act for the benefit of the public in transparent ways with obvious impact. It notes that questions of ownership and accountability have combined in nonprofit corporate governance, and that the effect aims to address stakeholder relationships and corporate governance systems more effectively. It argues that nonprofit governance theories represent a wide range of lenses that can support environmental contingencies and the increased hybridization of corporate forms and business models within the nonprofit sector, as well as promoting accountability. The chapter also determines whether increased state and societal regulation will tend to improve corporate governance practices or create a mess that allows governance mediocrity.

Keywords: nonprofit organizations, public benefit, ownership, accountability, stakeholder relationships, corporate governance systems, governance theories, environmental contingencies, hybridization, governance mediocrity

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