Edward Glaeser’s book, The Governance of Not-for-Profit Organizations: National Bureau of Economic Research Conference Report (University of Chicago Press, 2006), explores the pressures and challenges affecting nonprofit governance.   Glaeser starts his book by asking, “What makes nonprofits different?”  He answers that nonprofits have (1) tax privileges, (2) nondistribution constraints (i.e., they cannot distribute profits), and (3) no owners.  He observes that these…

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