The Nonprofit Revitalization Act is a New York State law that cleans up and tweaks some of the requirements of the New York Not-for-Profit Corporation Law. Stakeholders expressed concerns that prior processes were either unnecessary or too cumbersome for small…
Any top-level managerial job where the position requires being responsible for a large, complex organization is challenging enough on its own merits. With the changes in healthcare, CEOs in the healthcare industries are finding their jobs to be exponentially more…
A corporate secretary provides vital duties and responsibilities for nonprofit boards. This is just one reason why best practices for nonprofit boards include succession planning. Succession planning gives board nominating committees adequate time to recruit qualified candidates, collect resumes and…
Anyone can make it onto the board of a nonprofit organization. In most cases, there’s not even any experience required. Surprisingly, some of the greatest nonprofit board members started their journey to nonprofit board service with nothing but a passion…
Governance has a whole new set of acronyms for new board directors to get used to. One acronym that inexperienced board directors of nonprofit organizations will hear a lot is D&O. The acronym stands for “directors and officers,” which by…
The very first email was sent in 1971 as an experiment to see if computers could actually talk to each other. Almost 50 years later, emails have become a staple of our personal and business lives. Up until recently, most…
Nonprofit boards strive to improve the effectiveness of their boards. Often, they just don’t know how to go about it. Those who make decisions around the boardroom—and how they make those decisions—determines whether the organization ultimately achieves its goals and…
The basic principles of good corporate governance apply equally to nonprofit entities as they do for public or for-profit entities. Good governance benefits both types of entities equally. Regardless of an organization’s tax status, good governance begins with a high-quality…
What is risk? According to the Business Dictionary, risk is defined as: “A probability or threat of damage, injury, liability, loss, or any other negative occurrence that is caused by external or internal vulnerabilities, and that may be avoided through…
The National Council of Nonprofits deems the conflict of interest policy one of the most important policies that nonprofit organizations develop. It encourages nonprofit boards to put their conflict of interest policies in writing and to review the policies regularly.…
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