Golden Globes’ Proposal to End Nonprofit Status Shredded by Legal Experts: ‘Conflicts All Over the Place’

Interim CEO Todd Boehly’s attempt to reinvent the Hollywood Foreign Press Association raises lots of red flags, experts say

The plan to reinvent the Golden Globes by turning the Hollywood Foreign Press Association into a for-profit company owned by billionaire Todd Boehly, the group’s interim CEO, raises a host of legal and ethical red flags, multiple legal experts told TheWrap

Four attorneys with expertise in nonprofits who spoke to TheWrap say that a for-profit structure would increase, not decrease, the lack of transparency that has bedeviled the organization in recent years and led to NBC canceling the 2022 broadcast. The notion of voters participating in the profits of the awards show raises ethical challenges, they added, and a two-tiered structure – with new voters pulled from a more racially diverse pool while being denied official membership (as well as income) – creates “a business where the white people are the owners and have a profit interest,” as one lawyer put it.