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As an entity that exists for the primary benefit of shareholders, the corporate world operates very differently from the nonprofit world. The rules and regulations are different, and corporate and nonprofit organizations are taxed differently. Yet, certain areas of the…

The board of directors for a nonprofit organization works a little bit like an insurance policy. In simple terms, the definition of risk is the “threat of loss.” Board directors have fiduciary responsibilities, which means that they must act with…

The roles and responsibilities for board trustees of private and public colleges and universities are much the same. Colleges and universities also have governance structures much like other organizations. As it pertains to public and private schools, where matters are…

Nonprofit boards have much work to do in setting up their articles of incorporation and bylaws. The bylaws are usually a work-in-progress. One of the topics that boards often put on the back burner is creating a confidentiality policy. Nonprofit…

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…