Board resolution templates are valuable when nonprofit boards need to create a formal, legal record of certain important decisions. As a rule, boards generally don’t have to submit their formal decisions to any government agency, regulatory body, or other authority,…
‘Ex officio’ refers to a person who holds a particular position or office and is therefore entitled to certain duties or privileges without additional authorization. There is generally some degree of confusion surrounding the ex officio meaning and role…
Business ethics refers to the principles and values that guide the behavior of individuals and organizations in the business world, including nonprofits. It dictates that organizations consider the impact of their decisions on various stakeholders, such as customers, employees,…
Building an effective board of directors is a critical part of governance that has a profound impact on the organization. To have board effectiveness, a nonprofit’s purpose, process, structure, and people must all be in alignment. Yet how can you…
The role of managing director vs. CEO is not always easy to understand. Both are high-ranking executives; however, they have a number of key differences in their roles. Simply put, a managing director is typically responsible for a single business…
Every board needs directors who are great visionaries, and understanding the difference between short-term vs. long-term goals can help bring your nonprofit’s vision to life. Beyond the obvious, knowing the differences between short-term and long-term goal planning can help nonprofits navigate…
A board resolution formalizes — in writing — the critical decisions made by members in board meetings. Comparatively speaking, making decisions is often easier than writing a board resolution. Nonetheless, drafting them is far easier when your board understands…
A quorum refers to the minimum number of group or organization members that must be present for official business to be carried out. This minimum number is usually set by the organization's bylaws. The main reason organizations form a…
The roles of the board of trustees vs. board of directors are similar, making it common for people to use the terms interchangeably. While both positions have a strong role in governance, distinct differences set them apart. Regardless of…
Your mission statement is the foundation for everything your organization does. In essence, your mission becomes your constitution. All questions and answers point directly to your mission statement, and by reviewing other mission statement examples, your organization can create…
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