Pay for Play Bombshell Rocks

Campaign

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An independent “governance review” conducted by a prominent law firm

that specializes in philanthropic issues concluded in December 2010 that

the Clinton Foundation had a weak, rubber stamp board of directors and

that many of its donors had “an expectation of a quid pro quo benefits in

return for gifts.”

The blistering review — made public Thursday by WikiLeaks — described

a tax-exempt public foundation with none of the independent oversight

required under federal charity law. The Clinton Foundation reported $187

million in net assets in 2011.

The decision to conduct the review was bitterly opposed by Bill Clinton’s

long-time friends and political advisers.

The review was conducted by the New York law firm of Simpson Thacher

and was requested by Chelsea Clinton who had profound misgivings about

the operation of her parent’s foundation. Leading the review was Victoria

Bjorklund, one of the nation’s top-ranked legal experts on good- governance

practices for foundations and charities. She came out of retirement to lead

the review.

Read more at http://americanactionnews.com/articles/pay-for-play-bombshell-rocks-campaign#vqSiocMc6lexbthX.99