Most companies have sort of a fragmented, haphazard way of gathering and storing data. It’s not uncommon for companies to take a siloed approach to obtaining data, with each department gathering data on its own and designing its own rules…
Board self-evaluations are of interest to more than just the board directors. Investors, stakeholders and regulators are also looking for assurance that boards are committed to enhancing their own effectiveness. Board self-evaluations help to shape governance principles. Most recently, some…
Efficiency is a key component of nonprofit board meetings. Donors and constituents expect nonprofits to organize themselves well and to do their work as efficiently as possible. Most nonprofit board directors also consider efficiency to be a key component of…
As new board directors get indoctrinated into their positions, they quickly see how much a nonprofit board of directors handles. The wealth of policies and procedures alone provides many hours of reading material. The benefit of having clear and accessible…
For nonprofit boards that don’t have information technology (IT) expertise on their boards, it can be like a foreign concept. Since some nonprofit boards simply don’t understand IT and all the issues that go along with it, they don’t typically…
All over the world, the performance of board directors is being proactively evaluated by shareholders, regulators, and others. There’s a direct correlation between the composition of the board of directors and its performance. It’s a well-known fact that boards should…
Taking good meeting minutes at a board meeting is an important and fulfilling role. Board meeting minutes are more than a general accounting of board discussions; they serve as an official and legal record of the meeting of the Board of Directors. Minutes are used in a variety of ways including tracking progress, detailing future…
Board culture is a key factor in board effectiveness. Boards of directors that enjoy strong relationships and good board dynamics have a positive effect on the leadership. Leaders who are motivated and encouraged are better able to lead an organization…
Progress in any industry is an exciting thing. By virtue of our human nature, many of us are creatures of habit. That’s why we often see resistance to change even when it’s looming and necessary. The advancement of technology is…
As the highest-ranking executive in the company, the CEO has many important responsibilities. The CEO makes most major corporate decisions. In addition, the CEO manages the overall operations and company resources, manages risks, and serves as the primary liaison for…
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