com."

Some of the opportunities outlined in Mr.

reducing fire

Typical recommendations include the preparation of
audited financial statements by independent auditors, formation of audit
committees, board member requirements or restrictions, code of ethics and
whistleblower policies, and increased disclosure about board members.

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Nonprofit Sector Embraces Corporate-Style Oversight.
Many states are addressing this challenge by creating legislation that
increases registration, audit, or compliance requirements as a function of
increasing organizational size, as measured by annual revenues.

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Lawmakers and nonprofit industry insiders are struggling to identify
reforms that will decrease the potential of abuses by larger organizations,
but will not discourage, or impose financial and administrative hardships on
smaller entities.

National Safety Group Calls for Incentives to Promote Increased Earthquake Protection

require represented


That was the message delivered by the president of the Institute for
Business + Home Safety (IBHS) at the February 23 meeting of the Little Hoover
Commission, an independent state oversight agency that promotes efficiency,
economy and improved government service. Ryland's testimony include:

* Excluding the value of disaster protection and related improvements from
the calculation of real estate taxes. We also know how to educate the state's
citizens and that one way to motivate them to take action is through financial
incentives.

professionalism auspices

NEW YORK, Three years after passage of the
Sarbanes-Oxley Act, corporate governance remains a hot topic in the U. "The wide range of missions, sizes and
scopes of organizations comprising the nonprofit sector makes it difficult to
create a single list of requirements that work for everyone," she added.

auspices opportunies





"In my opinion, any business that benefits from the stability and growth
of a community could also provide incentives for structures with increased
disaster protection," Ryland said. The Energy
Policy Act of 2005 includes tax incentives for consumers in 2006 and 2007 for
the purchase of energy efficient homes and appliances.

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With approximately 6,700 employees located in 21 countries and markets,
Standard + Poor's is an essential part of the world's financial infrastructure
and has played a leading role for more than 140 years in providing investors
with the independent benchmarks they need to feel more confident about their
investment and financial decisions.
"All levels of government have the opportunity to provide economic
incentives for disaster prevention," said Harvey Ryland, president and CEO of
IBHS.

This category is for professional fire and security associations that have active members.

professionalism prior

State
associations of nonprofit organizations are also working to compile their own
lists of guidelines in an attempt to self-regulate and prevent a more
burdensome level of government intervention . "In exchange for such incentives, the local, state and federal
governments would be gaining the economic sustainability of communities, and
reducing the costs of responding to disasters.

Fire and security associations can require minimum qualifications for membership, professional licensing , or prior employment within a private sector.

exempt fire



The Institute for Business + Home Safety (IBHS) is a national nonprofit
initiative of the insurance industry that works to reduce the social and
economic effects of natural disasters and other property losses by conducting
research and advocating improved construction, maintenance and preparation
practices.

represented comprised


Although these organizations , by virtue of their tax-exempt status, were
not directly affected by Sarbanes-Oxley, the nonprofit sector has come under
legislative scrutiny during the past few years, particularly in 2004 and 2005 ,
and much of the focus is related to corporate governance, according to a
report released today by Standard + Poor's titled, "Under Legislative
Scrutiny, The U. Ryland.

Many provide certifications , code of ethics, standards of conduct, best practices, legislative oversight, develop professional standards , allow for networking, and information exchange.

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S+P Report Shows U.S. Nonprofits Are Embracing Corporate -Style Compliance Measures

The act
covers issues such as establishing a public company accounting oversight
board, auditor independence, corporate responsibility and enhanced financial
disclosure .

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"We do know how to better protect people and property from earthquakes and
other types of natural disasters.

installers reducing

standardandpoors.

Mr. "For example, mortgage companies should
give preferential interest rates and/or closing cost discounts for
construction loans, home improvement loans and mortgages.

This can include organizations representing a range of products, services, or a commercial business sector.

reduction comprised

IBHS President Cites 'Financial Benefits' in Testimony to
California Commission

SACRAMENTO, Calif. The National Flood Insurance
Program discounts insurance premiums in cities in the Community Rating System,
a voluntary program that recognizes and encourages community floodplain
management activities that exceed the minimum NFIP requirements.

opportunies jurisdiction

"
"Although many people agree that enhanced oversight may be beneficial, and
encourage greater confidence in charities, sector officials seem to prefer
that new guidelines come directly from the sector," said Standard + Poor's
credit analyst Mary Peloquin-Dodd.
Sarbanes-Oxley has clearly had an impact on the various proposals that
have been developed.

prior jurisdiction


The public hearing was the second of two held to ensure sufficient
funding, accountability and incentives for continuous improvement for
emergency preparedness.

fire require




prior installers

S.

exempt opportunies


The Sarbanes -Oxley Act was created in 2002 to protect investors by
improving the accuracy and reliability of corporate disclosures.

About Standard + Poor's
Standard + Poor's is the world's foremost provider of independent credit
ratings, indices, risk evaluation, investment research, data and valuations . For more information, visit
http://www. Ryland said some government officials might say they can 't afford to
give up property tax or sales tax revenue."
Similar federal programs already exist .

security certifications


nonprofit sector., There are clear opportunities
for the State of California to promote incentives to make homes and businesses
safer from earthquakes.

Most fire and security associations promote professionalism, and provide education and training opportunies for its members.

bureaus prior

However, he believes that without
incentives, fewer actions will be taken, eliminating any potential additional
revenue . He also pointed out that, should an event occur, state and local
government will not only have to provide a greater level of service to the
people whose homes and businesses were not protected , they will also risk
losing any taxable value of properties that are destroyed.

alarms oversight

S.
* Eliminating or reducing permit fees for the construction of a disaster-
resistant structure, and giving that permit a high priority for expedited
processing.

nbfaa opportunies

I encourage the State of California to immediately step up its
efforts in these areas," said Mr.

alarm professionalism

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