EDITOR'S NOTE: New Massachusetts Rules Target Financial Abuses Last week, Massachusetts Attorney General Thomas L. Reilly took steps toward implementing strict new rules for governing charities, including a requirement that board members sign off on financial audits; curbs on executive compensation; and $5,000 fines for violations -- all in an effort to "stamp out" financial abuses. According to a report in The Boston Globe, if implemented, the proposed legislation would be among the most comprehensive nationally to address financial governance of charities. Reilly's "An Act to Promote the Financial Integrity of Public Charities" legislation, sponsored by Rep. Daniel E. Bosley (D-North Adams) and
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