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…
The underlying threat of litigation may motivate a board to ask, “What is general counsel, and what can this type of attorney do to help us?” Ever-changing regulations and the risk of lawsuits mean that nonprofit boards need sound…
Regardless of the age or structure of a nonprofit, organizations will establish a set of primary board member responsibilities. Every board member should be familiar with their basic fiduciary responsibilities, which include: Duty of Care — Ensuring the nonprofit’s assets…
Nonprofit boards need a wide range of expertise to achieve their missions — a board of advisors provides the necessary guidance to realize success. Access to a full range of advice can help a nonprofit grow and surpass its…
One of the first steps in establishing a new organization is generating a vision statement that reflects the initial inspiration many founders feel when they decide to create their nonprofits. It's purpose cannot be minimized, the vision statement speaks…
As commonplace as it is for board secretaries to take nonprofit board meeting minutes, it may surprise you that boards of directors are not legally required to take minutes at all. Taking minutes with board meeting software has become a best…
By the very nature of finance, community banks hold a considerable amount of personal information. Such a vast amount of data and its sensitivity is a goldmine in the hands of a cybercriminal, making cyber risk reporting for community…
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