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NRA Bankruptcy Plan Calls for Potential Governance Tweaks

May 3, 2021, 2:06 PM

The National Rifle Association filed a bankruptcy plan that calls for potential changes to the non-profit’s corporate governance.

  • The NRA will hire an “expert to advise on non-profit corporate governance” who will propose changes to the gun group’s bylaws, court papers show
  • Plan calls for hiring a chief compliance officer, whose duties will be proposed by the governance adviser
  • The governance expert will also “prepare recommendations with respect to best corporate governance practices for the NRA and the Reorganized NRA,” court papers show
  • The NRA’s board would vote on the proposed bylaw changes and hiring of chief compliance officer before ...