For many decades the main tools that boards used were paper, writing utensils, and their minds. Today, board management is more complex than ever before, and it requires more sophisticated tools than in the past. Boards are more heavily scrutinised…
It was only a month ago that cybersecurity was one of the most concerning items on not-for-profit boardroom agendas. The COVID-19 crisis has now placed heightened urgency around the need for sound cybersecurity strategy. In considering a total risk management…
Not-for-profit boards are not as heavily regulated as public companies; however, they have many of the same expectations for governance as public and private corporations. Moving from manual board management to an electronic board portal streamlines many of the board…
Even if you’ve never written a board report before, it’s easy enough to learn how to do it. If you need some assistance in writing a report, ask for a copy of a report that was submitted in the past and use it as a template. You don’t have to write the report alone. Ask…
There is typically some degree of confusion surrounding the definition and role of an ex-officio board member among board directors, executive directors, CEOs, and managers of corporations and not-for-profits. The term, ex-officio, is a Latin phrase that literally translates “from the office.” Robert’s Rules explains the connection between the term and the meaning. It relates to the…
The Latin meaning of the word quorum is derived from a word that means who. Commercial and not-for-profit entities enjoy a multitude of benefits when they form a board of directors. The main reason for organisations to form a board is to pool the talents of individual directors to make the best overall decisions about…
It’s a rare meeting where the board of directors has enough time to accomplish everything that it needs to. Having an established and focused board meeting agenda helps the board maximise accuracy, efficiency and productivity. Board meeting agendas include items for managing routine business and for tackling special projects.
While boards and management hold close ties to one another, their duties and responsibilities are distinctly different. Look to the definitions between a board and governance for the first clue as to the differences between them. A board is an organised group of people with the collective authority to control and foster an institution that is…
Comparing different board portal vendors to ultimately make a selection is serious business. After all, the chosen board management software needs to support the always high-stakes, often confidential and sometimes controversial work of your organisation’s governing body…usually for many years to come. A thoughtful, rigorous board portal comparison is key to ensuring the selection of a board…
Taking good meeting minutes at a board meeting is an important and fulfilling role. Board meeting minutes are more than a general account of board discussions; they serve as an official and legal record of the meeting of the board of directors. Minutes are used in a variety of ways including tracking progress, detailing future plans…
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