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…
As a board member, you play a vital role as a steward of your nonprofit’s mission and its funds. Risk management is an essential responsibility for all nonprofit boards of directors. The people that your nonprofit serves have very…
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…
It seems that with every day that goes by we're hearing more and more about issues in the media related to cybersecurity—particularly cybersecurity issues in healthcare. Unfortunately, much of the information is so highly technical that it's difficult for…
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…
Board members of community banks and credit unions regularly handle highly confidential information. The relationships that financial institutions have with their community are very important, and they can be a key to the bank's success. Community banks need to have…
Cybercrime falls under risk management, which is one of many areas that volunteer boards are responsible for overseeing. Technology has advanced to such a degree that many boards, especially nonprofit boards, are finding that IT issues are quickly extending…
It’s easy to focus on the mechanics of running an organization through a board and unintentionally overlook how much of the board’s work is related to communication. We have the good fortune in today’s society to have many different…
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