Council Membership Restored to Getty Trust
April 18, 2006
The Council on Foundations, which placed the J. Paul Getty Trust on probation last year amid concerns over its spending practices, has restored full membership status to the Los Angeles institution, the Los Angeles Times reports.
Council President Steve Gunderson said he had seen “significant reforms” at the trust, which a Getty spokesman said included new training and evaluation tools for board members; strengthened conflict-of-interest provisions; increased board oversight of real-estate deals; and more transparency about staff compensation and performance reviews.