In a nutshell, boards should conduct board self-assessments because it’s considered a best practice. Whether it’s a public board, private board or nonprofit board, all board members are accountable to those they serve and it’s important for them to do…
Most people pursue funding for startups by looking for resources that are closest to them. Typically, this means asking family and friends for small investments. Those who still need additional funds may turn next to angel investors, high-net-worth individuals who…
Large-cap companies are feeling immense pressure to adhere to good governance principles and engage more with shareholders. Small and midsized businesses face many of the same pressures. Somehow they need to deal with those pressures with full knowledge that they…
Steve Jobs said, “If you really look closely, most overnight successes took a long time.” Starting a business is an exciting venture! It takes a lot of time, dedication and perseverance. The emotional and financial payoffs can be memorable. Every…
Using free Sharepoint for board director activities is a little like trying to flip a pancake using a spoon. You may eventually get it to work, but it doesn’t work that well, and it might make a bit of a…
HIPAA is a federal law that college and university boards should be familiar with because it falls under board oversight. Not all educational institutions fall under HIPAA laws. In most cases, college boards fall under the law. In those cases,…
Fundraising is inarguably one of the most important activities for nonprofit organizations. In fact, most nonprofits can’t exist or sustain their organizations without doing regular fundraising activities. Fundraising rules and regulations can have tax implications for nonprofits, so it’s important…
It often seems that with all the tax money that federal, state and local governments collect, there should be enough funds to go around to meet all the needs of U.S. citizens. Unfortunately, there’s never enough money to go around…
The terminology and pace of a board meeting can easily confuse meeting participants or observers who are unfamiliar with board meeting procedures. For some, it can be like learning a new language or a new technique. Both of those things…
At one time or another, most of us have grabbed a flathead screwdriver when we knew that what we really needed was a crosshead screwdriver, simply because the flathead screwdriver was handy and within easy reach. It usually doesn’t take…
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