Board directors covet their company’s reputation because it’s their most valuable asset. A recent joint study by Deloitte and Forbes affirmed this conviction. Their study surveyed 300 senior-level executives who agreed that their company’s reputation held the highest area of…
Under the best of circumstances, board members will have a little bit of a heads-up when one of their fellow board members is considering resigning from the board. On occasion, though, a board member steps down from the board unexpectedly…
Citizens from all social classes invest their money in their favorite charities expecting it to make a difference. Their passion for a cause means it’s not just an investment in the organization’s finances; it’s an investment of the heart. In…
All board members share the responsibility for a nonprofit organization’s financial health. The treasurer is an officer of the board. Like other board officers, the treasurer has additional responsibilities. It’s important for the treasurer to manage the financial matters of…
While it may appear that the treasurer of a nonprofit organization does nothing more than appear at the board meeting with the financial report in hand, many of the duties and responsibilities of a nonprofit treasurer happen behind the scenes.…
Board meetings become unproductive when there’s not enough time to thoroughly discuss issues in order to make good decisions for a nonprofit organization. Board directors find themselves rushing through the agenda, making decisions in haste along the way. Forming committees…
Have you ever left a board meeting with the evening’s discussions swirling around in your head, and yet you couldn’t remember anything that you talked about? Such experiences leave board members feeling like meetings are a waste of time. Board…
The way that we’ve thought about governance is changing in nearly every realm and industry around the globe. Colleges and universities have largely let their senior managers run their institutions. Boards of trustees typically recruit dedicated and loyal alumni to…
Interconnectivity is a maze of opportunity that is also fraught with both seen and unseen risks. The web of threats and rewards is an equally challenging playing field for cyber-attackers, whose tricks and tactics are getting smarter and more sophisticated.…
Some of our country’s best programs and companies come together when one or more people become passionate about tackling a problem that’s been on everyone else’s back burner for a long time. That was the case when Stephanie Sonnabend and…
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