Most commonly, people tend to connect the idea of governance with for-profit corporations. Governance has existed for decades, although there wasn’t much focus on it until the financial crisis hit in 2008. The reality is that practicing good governance principles…
Nonprofit organizations serve such a wide variety of purposes that the federal government felt it was best to give them some flexibility to be able to govern themselves. There are no requirements for term limits for nonprofit organizations, but best…
Losing a longtime leader is usually a shock that resonates throughout a nonprofit organization, even when the parting is expected. Nonprofit leaders have a special affinity and affection for their organizations and the people they’ve encountered through them. Thus, it’s…
Good governance establishes a foundation for valuable nonprofit work. State governments set the rules for incorporating nonprofit organizations. Board directors have the flexibility to form their own guidelines for rules that aren’t governed under state law. Boards commonly outline state…
Board directors and CEOs have distinctly different roles and responsibilities. Where things tend to get a little murky is when the CEO also holds a position as the board chair. There are numerous pros and cons to allowing the CEO…
Boards encounter many different types of risks of varying degrees while managing a nonprofit organization. In fact, the founding board took a huge risk in starting the organization in the first place. As nonprofit organizations grow, more risks emerge. Boards…
The first year of a new nonprofit CEO’s tenure often makes or breaks whether they’re going to work out. Some nonprofits estimate that a third to a half of new nonprofit CEOs fail within their first 18 months on the…
Technology has brought us many valuable business tools, including the ability to hold virtual board meetings. As with any new product, early board meeting software solutions were imperfect at best. Over time, programmers learned how to design the features and…
CEOs and executive directors of nonprofit organizations typically serve for long periods, especially if they’re founder/CEOs. Nonprofits generally thrive under strong, longstanding leadership. Everyone’s term comes to an end eventually. At this juncture, nonprofit boards need to be able to…
College and university boards are facing a multitude of new issues in an ever-changing environment. Regular board evaluations are a valuable resource to improve group processes within the board. Board self-evaluations may indicate potential problems and significant differences of opinion…
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