Canceled: Disclosures for Charity Board Members Hearing
The much-anticipated 11 a.m. City Council hearing today on whether to require board members of certain nonprofit organizations to disclose personal financial information has been canceled, according to the Council’s web site.
The proposed law would have required people like Oscar de la Renta and Robert De Niro to publicly disclose financial information because they, as well as other celebrities and many wealthy people, belong to boards of nonprofits that get public money.
According to this New York Times article, Michael Bloomberg was not in favor of the move.
UPDATE: According to a City Council spokesperson, the hearing was canceled at the administration's request.
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