Whether the board chooses you or you choose the board, serving on a board of directors should be a mutually beneficial relationship. Every opportunity for board directorship may not be a good fit for a variety of reasons. When you…
One of the biggest buzz words going around for the past few months is GDPR. The General Data Protection Regulation (GDPR) is a new privacy law coming out of the European Union (EU). It applies to all companies within the…
Board portals have moved out of the novelty stage and into the necessity stage for most corporations and nonprofit organizations. Organizations that haven’t made the move yet may still be trying to justify the expense and to figure out how…
It’s common for investors to secure their investments in a new company by requiring startups to create an outside seat for them on the board of directors. Is it in the best interests of an entrepreneur to accept such a…
The tides are changing for board directors of higher education institutions. Boards of trustees have long been recruited from college alumni who have a strong affinity and loyalty to their alma maters. Until recently, administrators ran their colleges and universities…
College-aged students have many different types of information to protect. As adults, they have the right to privacy for their educational, medical and personal information. Laws to protect students have many exceptions and limitations, which makes them very confusing. Boards…
Due to the nature of nonprofit board service, people who fill board seats of nonprofit organizations were never intended to be permanent fixtures. With every person who joins or leaves the board, board dynamics are sure to change — sometimes…
It seems that every year regulatory bodies are taking stronger actions to protect shareholders. With every new development in the corporate world, nonprofits also need to take a look at how new legislation will have an effect on their operations.…
Nonprofit boards are not as heavily regulated as public companies; however, they have many of the same expectations for governance as public and private corporations. Moving from manual board management to an electronic board portal streamlines many of the board…
Private, government and nonprofit organizations typically aren’t required to perform regular board evaluations; however, they have much to benefit by doing them anyway. Most boards find it helpful to perform board and individual board director self-evaluations at least annually. Some…
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