Building an effective board of directors is a critical part of governance that has a profound impact on the organisation. To have board effectiveness, a nonprofit’s purpose, process, structure, and people must all be in alignment. Yet how can…
A fiduciary responsibility is an obligation that prevents one party from acting in their own interest rather than in the interest of the organisation. For charities and nonprofits, this ethical commitment makes it possible for them to fulfill their…
Of the thousands of industries that have been badly affected by the impact of COVID-19, higher education ranks high on the list. In the interest of safety, colleges and universities the world over have had to make drastic decisions like…
When not-for-profit board dynamics are collegial and trusting, you have the perfect climate for robust and productive board discussions. That alone provides sufficient reason for your board to be diligent in its approach to nominating and recruiting the best potential…
So much gets lost in the translation when communication isn’t clear. That’s never a good thing when it comes to board communication. Communication is difficult enough when you’re speaking face-to-face. Prior to the year 2019, the business world had been…
Decisions, decisions — they’re part of governance, leadership, and life. No matter how comfortable we are (or aren’t) in making them or how prepared we are (or aren’t) to make them wisely, we are faced with countless opportunities to decide…
Compliance and risk management activities are high on the list of responsibilities that not-for-profit board members accept as part of their board appointments. The definitions of compliance and risk management are distinctly different from one another. Not-for-profit boards have legal…
The latest advancements in technology have given not-for-profit boards many tools that increase their capability and functionality. With so many apps and programs available, it’s easy to get bogged down in searching for the right boardroom technology. New tools and…
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…
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