Not-for-profits rely heavily on donations from grantors and donors. It’s common for well-established not-for-profit organisations with sound financial backing to invest some portion of the organisation’s financial assets in stocks, bonds, or other financial investments to improve the not-for-profit’s financial…
Depending on the average age of the board directors and senior executives, organisations may have top corporate leadership teams that are primarily digital conservatives. Best practices for digital governance are just beginning to evolve and boards that lack the necessary…
Board governance in today’s world isn’t for the faint of heart. Board directors must learn how to govern in an era of increasing digitisation which has brought new and complex issues like a volatile economic and social climate, and disruption.…
A board’s culture is reflected in the traditions and habits that boards develop over time that set the standard for the way that board directors think and act. Good governance suggests that boards should enjoy a sense of mutual respect and collegiality. Culture is…
People and passion draw people to serve on a board. Not-for-profit board of director best practices will help them fulfill that role well. As prepared as most board members believe they are, their first board meeting can be a rude…
Anytime big changes are happening in the corporate world, not-for-profit organisations need to pay attention. That’s because many of the same issues that occur in businesses have a residual effect in the not-for-profit realm. One of the big issues that’s…
The dynamics of the board-executive partnership has a strong effect on the health and viability of your organisation. Board members and executives have distinct roles, and the balance of power helps them to get the work of the organisation done.…
It’s often only after someone joins a not-for-profit board that they suddenly realise the full weight of their duties and responsibilities. Before someone accepts a position on a not-for-profit board, they need to be aware that not-for-profits have been under…
Regardless of what type of programs and services your not-for-profit provides, and regardless of how large your not-for-profit is, you need some type of technology to function in today’s world. Even if your board members aren’t tech-savvy, your stakeholders are.…
Passion is often the thing that motivates people to serve on a not-for-profit board, but passion alone only takes them so far. It’s not uncommon for not-for-profit board members to have little or no knowledge or experience in governance matters.…
©BOARDEFFECT 2024 • ALL RIGHTS RESERVED • PRIVACY POLICY
