Every non-profit organization begins with the spark of an idea of a community need that doesn’t currently exist. You might be surprised to learn that some of the most prominent non-profit organizations of today didn’t get their beginnings from tenured business people from the corporate world. Everyday people whose lives and core values were deeply…
The non-profit governance structure works well for many types of organizations that don’t need or want to have profits as part of their purpose and mission. Non-profit structures work well for organizations that advocate for special interests and causes like the arts, education, health, conservation, or religious activities.
In rare instances, non-profit board directors get paid for their time, but by and large, they serve as volunteers without pay. Non-profit board directors usually have a special connection to their non-profit organization that has deep personal meaning for them. Non-profit board directors are typically motivated by their passion for the organization’s mission. Some non-profit…
The executive director of a non-profit organization wears many hats. To be effective, an executive director needs to wear them all equally well. At any given moment, an executive director needs to change hats according to the direct needs of…
In a general sense, culture refers to one’s beliefs, values, attitudes, customs and way of behaving. How does the idea of culture relate to the context of the culture of a board of directors? How does a company’s culture relate to its corporate governance? More importantly, what is the effect of company culture on productivity…
We can only define the responsibilities of a board member when we know the type of board on which the director serves. For legal purposes, nonprofit organizations are corporations, just like their for-profit company counterparts. For governance purposes, nonprofit boards…
Entity management and cybersecurity have long been viewed as having separate and distinct roles in relation to risk management. As the global economic climate progresses, the two roles are increasingly finding ways to complement each other to intensify risk-management strategies.…
Laws and regulations set the standards for corporations to have boards of directors. Chartered or registered boards fall into the category of corporations, even though they don’t make or distribute profits to their members or stakeholders. What makes things a…
There’s no question that the economic crisis of 2008 helped to reshape transparency within for-profit and nonprofit organizations. Organizational leaders in transparency go beyond the legal definition of accountability, transparency and consultancy. Today’s organizations have more good reasons than ever…
The economic crisis of 2008 was a historical event that changed the conversations and inner workings of boardrooms across the country. While it was a terrible time for the nation, boards of directors learned many lessons from that time regarding…
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