Boards have a huge challenge before them as the fast pace of technology affects the way that hospitals and healthcare facilities provide care. Board directors need to understand the changes that have occurred in healthcare in recent years, as well…
Every day, technology affords businesses and individuals ways of doing things that are faster, better and easier. Board directors are also aware of how much their credit union’s members and employees are positively impacted by technology. Credit union boards are…
Whether they use one software application or are totally paperless, nearly every credit union uses technology on some level. Technology is continually evolving, as software providers are learning about the ways that software can enhance credit union operations. For the…
Board meeting minutes are standard protocol for board director meetings and they serve a variety of purposes. Most often, meeting minutes serve internal purposes, such as recordkeeping and institutional memory, for the board and the rest of the organization. Less…
Taking meeting minutes is a routine process, but it’s important not to underestimate the importance that meeting minutes play in corporate board work. Under certain circumstances, meeting minutes may play a crucial role in government investigations, civil litigation about decisions…
The Nonprofit Revitalization Act is a New York State law that was passed in 2013. It was the first attempt at revising the New York State Not-for-Profit Corporation Law (NPCL), which had been untouched for over 40 years. The Act…
Since the passage of the Affordable Care Act (ACA), the healthcare industry has been undergoing more major changes than almost any other industry. The changes that ACA brought with it have caused healthcare systems to make major changes in how…
Boards of higher education institutions may be called by different terms and have slightly different underlying structures depending on whether they’re an independent college or university, nonprofit institution or public institution. The names of the governing bodies may include board…
In looking ahead toward an initial public offering (IPO), corporations need to be prepared for the vast amount of time and expense that comes with taking a company public. Fees and expenses can run from millions of dollars up to…
Communication is a two-way street. As financial partners, it’s ultra-important for entrepreneurs to keep in continual communication with their investors. That means that entrepreneurs need to be at the top of their game, knowing all of the facts and figures…
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