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.…
Nonprofit boards are not as heavily regulated as public companies; however, they have many of the same expectations for governance as public and private corporations. Moving from manual board management to an electronic board portal streamlines many of the board…
Private, government and nonprofit organizations typically aren’t required to perform regular board evaluations; however, they have much to benefit by doing them anyway. Most boards find it helpful to perform board and individual board director self-evaluations at least annually. Some…
Hospital board directors and trustees have historically served their duties without compensation. Recently, a few of the larger consolidated hospitals have broken the mold and started offering compensation to their board directors. The movement toward compensating hospital board directors is…
Private and nonprofit boards of directors face many of the same challenges of refreshing their boards as publicly traded companies. Many other issues drive the unique challenges of board refreshment that non-public entities face on an ongoing basis. The type…
Many things differentiate nonprofit organizations from one another. If you’ve seen one nonprofit organization, you’ve seen one nonprofit organization. Some of them are startups, and many of them have been around for decades. Each nonprofit organization has a flavor and…
Every nonprofit organization establishes roots. Some organizations thrive and live on. Others fail and are short-lived. When there is passion for a cause or an issue, nonprofit organizations can have major positive impact on people and the communities in which…
The rising costs of higher education are leading today’s young adults more in the direction of nonprofit or public colleges as one of the least costly alternative ways of attaining a higher education. As the governing body of educational institutions…
If your healthcare CEO left tomorrow, would your board of directors know exactly what to do? If you’re lucky, your CEO will stay in that position for about three or four years. But, the data shows that when a CEO…
The annual meetings of nonprofit organizations generally include some attention to both the short- and long-term goals of the organization. In the normal course of events, short-term goals tend to be on the minds of staff, volunteers and board members…
©BOARDEFFECT 2023 • ALL RIGHTS RESERVED • PRIVACY POLICY