Best practices for governance give us some general guidelines about the expectations for the individual who serves in the role of executive director. The guidelines are broad because every organization has different and unique needs. A one-size-fits-all approach to the…
The advancement of technology has brought risks of data breaches worldwide. While we’re not seeing any sort of global authority on how to handle data breaches, countries across the globe are taking various forms of action. Some countries are making…
When the Patient Protection and Affordable Care Act came into effect during the Obama administration in 2010, the hope was that the Act would provide affordable healthcare for all. While the early years of the Act generated some sense of…
Board directors covet their company’s reputation because it’s their most valuable asset. A recent joint study by Deloitte and Forbes affirmed this conviction. Their study surveyed 300 senior-level executives who agreed that their company’s reputation held the highest area of…
Under the best of circumstances, board members will have a little bit of a heads-up when one of their fellow board members is considering resigning from the board. On occasion, though, a board member steps down from the board unexpectedly…
It was a good news, bad news day at Equifax when they recently announced the breaking news of a steady rise in their most recent quarterly profits. However, another announcement the same day revealed that the ongoing investigation of the…
Citizens from all social classes invest their money in their favorite charities expecting it to make a difference. Their passion for a cause means it’s not just an investment in the organization’s finances; it’s an investment of the heart. In…
All board members share the responsibility for a nonprofit organization’s financial health. The treasurer is an officer of the board. Like other board officers, the treasurer has additional responsibilities. It’s important for the treasurer to manage the financial matters of…
While it may appear that the treasurer of a nonprofit organization does nothing more than appear at the board meeting with the financial report in hand, many of the duties and responsibilities of a nonprofit treasurer happen behind the scenes.…
Board meetings become unproductive when there’s not enough time to thoroughly discuss issues in order to make good decisions for a nonprofit organization. Board directors find themselves rushing through the agenda, making decisions in haste along the way. Forming committees…
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