Corporate Governance is a system of controls encompassing policies, processes, and people which support corporate direction and successful operational performance. Effective governance and risk management processes help ensure the financial and organizational health of an organization. At the Legal Services Corporation, corporate governance is set at the top by the Board of Directors and the LSC management team. Through its oversight activities, the OIG monitors and helps prevent and reduce the occurrence of financial and organizational risks and enhance LSC and its grant recipients' good stewardship of resources. This page provides valuable materials from various oversight entities that will assist LSC with its governance, controls and risk management program.
- 2013
Comments on the Updating of the LSC Risk Management Program. 07/19/2013
Resources referenced in the Memorandum:
- COSO Internal Control-Integrated Framework - May 2013
- OMB Circular A-123-Management's Responsiblity for Internal Control - December 2004
- Government Accountability Office's (GAO) Standards for Internal Control in the Federal Government
- COSO Enterprise Risk Management-Integrated Framework, Executive Summary - September 2004
- Fiscal Oversight Task Force Report - July 2011
- 2007
LSC Board Operations and Regulations Committee:
- 2006
Executive Directors of LSC Grantees:
- December 2006 Fraud Alert.
Association of Certified Fraud Examiners' 2004 Report to the Nation on Occupational Fraud and Abuse
Recommended Reading for LSC Grantee Executive Directors and Board Members:
- Learn the implications of the Sarbanes-Oxley Act for Nonprofits in this new document co-published by Board Source and the Independent Sector.
- There are 10 general principles of corporate governance emerging from the Sarbanes-Oxley reforms, which may be worthy of consideration for the governance of nonprofit organizations.
ABA Coordinating Committee on Nonprofit Governance Guide to Nonprofit Corporate Governance in the Wake of Sarbanes-Oxley
- December 2006 Fraud Alert.
Please note: Many links are for Adobe Reader® (PDF) formatted files. To view them, you will need to download the free Adobe Reader.