The executive director of a non-profit organization wears many hats. To be effective, an executive director needs to wear them all equally well. At any given moment, an executive director needs to change hats according to the direct needs of…
In a general sense, culture refers to one’s beliefs, values, attitudes, customs and way of behaving. How does the idea of culture relate to the context of the culture of a board of directors? How does a company’s culture relate to its corporate governance? More importantly, what is the effect of company culture on productivity…
We can only define the responsibilities of a board member when we know the type of board on which the director serves. For legal purposes, nonprofit organizations are corporations, just like their for-profit company counterparts. For governance purposes, nonprofit boards…
Entity management and cybersecurity have long been viewed as having separate and distinct roles in relation to risk management. As the global economic climate progresses, the two roles are increasingly finding ways to complement each other to intensify risk-management strategies.…
Laws and regulations set the standards for corporations to have boards of directors. Chartered or registered boards fall into the category of corporations, even though they don’t make or distribute profits to their members or stakeholders. What makes things a…
There’s no question that the economic crisis of 2008 helped to reshape transparency within for-profit and nonprofit organizations. Organizational leaders in transparency go beyond the legal definition of accountability, transparency and consultancy. Today’s organizations have more good reasons than ever…
The economic crisis of 2008 was a historical event that changed the conversations and inner workings of boardrooms across the country. While it was a terrible time for the nation, boards of directors learned many lessons from that time regarding…
You might not have an effective board if…your board approves every item on the agenda at every meeting with little or no discussion. Board work gets off to a good start when everyone around the board table agrees that their…
In recent decades, retirees, dignitaries and the good ol’ boys were staples of the composition of the board of directors. That trend is quickly becoming a thing of the past. There’s an old saying that states, “Where more responsibility is…
A board chair wears many hats, but two words that encapsulate the board chair roles and responsibilities are facilitate and leadership. Nearly every word spoken and every action taken by the board chair falls under these two fundamental roles. For…
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