Not-for-profit boards share many of the same responsibilities as corporate boards and they have a few additional responsibilities as well. Like corporate boards, not-for-profits are responsible for managing budgets, compliance and overall decision-making. In their role on the board, board…
Budgeting is something that gives leaders peace of mind. A little upfront planning alleviates a lot of problems as the year goes on. Having a budget supports an organisation’s business plan by mapping out the financial landscape for the coming…
Not-for-profit organisations are in the unique position of having to provide support for the community while needing support from other parts of the community. A health crisis like COVID-19 is a major disruptor in the not-for-profit world. This is a…
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.
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