In modern economic systems, the corporate conventions of [[governance]] commonly appear in a wide variety of business and [[Non-profit organization|non-profit]] activities. Though the laws governing these creatures of [[statute]] often differ, the courts often interpret provisions of the law that apply to profit-making enterprises in the same manner (or in a similar manner) when applying principles to non-profit organizations — as the underlying structures of these two types of entity often resemble each other. | In modern economic systems, the corporate conventions of [[governance]] commonly appear in a wide variety of business and [[Non-profit organization|non-profit]] activities. Though the laws governing these creatures of [[statute]] often differ, the courts often interpret provisions of the law that apply to profit-making enterprises in the same manner (or in a similar manner) when applying principles to non-profit organizations — as the underlying structures of these two types of entity often resemble each other. |