The development of incorporated structures for charities: A 100-year comparison of England and New Zealand

This article contrasts the emergence of two specific incorporated structures for non-profit organizations which came into being more than a century apart. We compare the ability for charities to form as "incorporated societies" under the New Zealand Incorporated Societies Act 1908 (effecti...

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Bibliographic Details
Published in:Accounting history 2016-05, Vol.21 (2-3), p.281-303
Main Authors: Cordery, Carolyn J, Fowler, Carolyn J, Morgan, Gareth G
Format: Article
Language:English
Subjects:
Accountability
Accounting
Charities
Comparative economics
Corporate veil
Historiography
History
Incorporated Societies Act 1908 (New Zealand)
Incorporation
International economic relations
Jurisdiction
Legislation
Liability
Limited liability companies
Management
Nonprofit organizations
Stockholders
Studies
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Summary:This article contrasts the emergence of two specific incorporated structures for non-profit organizations which came into being more than a century apart. We compare the ability for charities to form as "incorporated societies" under the New Zealand Incorporated Societies Act 1908 (effective from 1909), and to form as "charitable incorporated organizations" (CIOs), which were enacted in England and Wales under the Charities Act 2006 (effective from 2013). The article emphasizes the need for charitable non-profit organizations to incorporate for effective operation. This issue is rarely discussed, but the chosen legal form brings specific financial accounting obligations, affecting organizations' accountability to third parties. Taking a comparative international history approach and drawing on a range of sources, we explore the socio-legal processes which led to the relevant legislation in each country. In particular, this diffusion study investigates why a specific corporate form for charitable non-profit organizations came into effect more than 100 years later in England as compared to New Zealand, with "place" emerging as the most significant comparative dimension.
ISSN:1032-3732
1749-3374
DOI:10.1177/1032373216638104