Here is an interesting article on transparency in the Chinese charitable sector. “Charities will lose public credibility without transparency,” said one researcher. It is interesting to note that in one scandal involving the Red Cross Society of China (RCSC), the ” the scandal led to an 86.6-percent drop in donations to national charity organizations over the following six months”. It appears that the Chinese government is taking steps to bring in greater transparency.
Here is the full article:
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Mark Blumberg is a partner at the law firm of Blumberg Segal LLP in Toronto and works almost exclusively in the areas of non-profit and charity law.