Starting up a new entity is always an exciting venture. New business owners have a formidable task ahead of them when they start the process of getting a business or nonprofit set up and properly organized. One of the first decisions they need to make is what type of legal structure the entity needs in…
Businesses and other organizations have an overall governance corresponding strategy. There can be different types of sub-governance frameworks within a main governance strategy. For example, IT governance falls within corporate and nonprofit governance, but it has its own structure. Governance…
A board’s culture is reflected in the traditions and habits that boards develop over time that set the standard for the way that board directors think and act. Good governance suggests that boards should enjoy a sense of mutual respect…
It’s an honor to be appointed and serve as a board member for any organization. Those who accept a position on a board should have a high standard of conduct by virtue of their position. Board meetings are formal events…
Under the best of circumstances, when it’s necessary for a board director to leave the board, the director will realize it on his or her own and simply resign. Unfortunately, it’s not as simple as that most of the time.…
As technology helps nonprofit organizations to streamline processes, it calls many of the longstanding processes into question. Large donors will almost always ask nonprofits for a copy of their business plan because they want to know what nonprofits are doing…
In many ways, nonprofit organizations have disadvantages in comparison with for-profit corporations. They often lack operating funds, which makes it challenging to perform the work that their mission requires. By making the best use of technology, nonprofit organizations can actually…
Board directors interact with groups and individuals that stem from many different facets of their board service. Board directors need to have good relationships with their peers, customers, vendors, executives, staff members, and other professionals and stakeholders. Relationships aren’t always…
It’s a great honor to be asked to join a nonprofit board of directors. Most people get asked either because they have specific skills to contribute to the organization or because they have a personal interest or passion in the…
What is governance and what does good governance mean for today’s boards of directors? Good governance of today accounts for longstanding governance practices, as well as modern governance principles. Both are necessary to address the present and future needs of…
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