Nonprofit boards have much work to do in setting up their articles of incorporation and bylaws. The bylaws are usually a work-in-progress. One of the topics that boards often put on the back burner is creating a confidentiality policy. Nonprofit…
It’s becoming rare that a day goes by without hearing about a major cybersecurity breach of some kind. Board directors are painfully aware that they need to be more active and better informed around the topic of cybersecurity, which is…
Whether the board chooses you or you choose the board, serving on a board of directors should be a mutually beneficial relationship. Every opportunity for board directorship may not be a good fit for a variety of reasons. When you…
One of the biggest buzz words going around for the past few months is GDPR. The General Data Protection Regulation (GDPR) is a new privacy law coming out of the European Union (EU). It applies to all companies within the…
Board portals have moved out of the novelty stage and into the necessity stage for most corporations and nonprofit organizations. Organizations that haven’t made the move yet may still be trying to justify the expense and to figure out how…
It’s common for investors to secure their investments in a new company by requiring startups to create an outside seat for them on the board of directors. Is it in the best interests of an entrepreneur to accept such a…
The tides are changing for board directors of higher education institutions. Boards of trustees have long been recruited from college alumni who have a strong affinity and loyalty to their alma maters. Until recently, administrators ran their colleges and universities…
College-aged students have many different types of information to protect. As adults, they have the right to privacy for their educational, medical and personal information. Laws to protect students have many exceptions and limitations, which makes them very confusing. Boards…
Due to the nature of nonprofit board service, people who fill board seats of nonprofit organizations were never intended to be permanent fixtures. With every person who joins or leaves the board, board dynamics are sure to change — sometimes…
It seems that every year regulatory bodies are taking stronger actions to protect shareholders. With every new development in the corporate world, nonprofits also need to take a look at how new legislation will have an effect on their operations.…
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