A nonprofit executive director is usually one of the most influential people in a nonprofit organization. The executive director is instrumental in shaping the culture of the organization. Also, the executive director serves as the public face of the organization.…
With advances in technology, risk and risk management should be major issues for boards. Unlike many other board issues, the topic of risk management requires expertise on some level. In most cases, boards will need to form a risk management…
Nonprofit boards share many of the same responsibilities as corporate boards and they have a few additional responsibilities as well. Like corporate boards, nonprofits are responsible for managing budgets, compliance and overall decision-making. In their role on the board, board…
Managing nonprofit organizations with effective governance means running a nonprofit well. It also means watching out for risks, especially risks related to compliance. Good governance is a huge asset in ensuring that the board is performing at its optimal level,…
Nonprofit organizations play an important role in society. Federal, state and local governments do their best to balance their income by providing services to citizens. Despite the best efforts of all three levels of government, there can never be enough…
In the beginning, it’s easier to learn how to create a 501(c)(3) than most people think. Section 501(c)(3) is part of the U.S. Internal Revenue Code that provides exemptions of federal taxes for qualifying nonprofit organizations. The IRS, under the…
Much of what happens in board meetings is routine. There simply isn’t time to commit to all the legwork that needs to be done in each committee. It’s not necessary for all board members to be involved in all the…
Well-organized companies and organizations begin planning board meetings as soon as the previous meeting ends. Other boards fly by the seat of their pants and throw an agenda together the week before the meeting. Board meetings are serious business. If…
Shareholders and stakeholders develop confidence in their boards of directors more easily when they represent the people they serve. Multiple perspectives on issues foment creativity in the boardroom and prevent groupthink. It’s necessary for boards to disrupt the status quo…
A strong relationship between the board of directors and the CIO takes a bit of effort on both parts. Boards are more concerned than ever about the risks associated with technology, and rightly so. The costs of cyber risks are…
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