By the very nature of finance, credit unions and community banks hold a considerable amount of personal information. Such a vast amount of data and its sensitivity is a goldmine in the hands of a cybercriminal, making cyber risk…
Boards are responsible for the who, what, when, where, and why of the organisations they serve. Prescribing a purpose to a charity or not-for-profit organisation is a public commitment to prioritising that organisation’s goals. Boards that outline their goals…
Experts gathered to share their insights on board effectiveness at a recent webinar, “Increasing Board Effectiveness”, hosted by BoardEffect. Watch the full 30-minute webinar to find how your board can take a modern governance approach to ensuring board effectiveness.…
‘Ex officio’ refers to a person who holds a particular position or office and is therefore entitled to certain duties or privileges without additional authorisation. There is generally some degree of confusion surrounding the ex officio meaning and role…
Nonprofits establish a set of primary board member responsibilities, regardless of their age or structure. Each board member and trustee should be familiar with their basic responsibilities, which include: Duty of Care — Ensuring the nonprofit’s assets are used with prudence and…
Board members of credit unions regularly handle highly confidential information. The relationships that financial institutions have with their community are very important, and they can be a key to the bank's success. Credit unions need to have a good understanding…
Cyberattacks are here to stay, and ransomware demands to organisations are unfortunately skyrocketing. Not-for-profit and charity boards need to know the essentials of how to protect data and their board members against cyberattacks. Not-for-profits rely heavily on mobile and digital…
A fiduciary responsibility is an obligation that prevents one party from acting in their own interest rather than in the interest of the organisation. For charities and nonprofits, this ethical commitment makes it possible for them to fulfill their…
Every board needs directors who are great visionaries, and understanding the difference between short-term vs. long-term goals can help bring your nonprofit’s vision to life. Beyond the obvious, knowing the differences between short-term and long-term goal planning can help nonprofits navigate…
Your mission statement is the foundation for everything your organisation does. In essence, your mission becomes your constitution. All questions and answers point directly to your mission statement, and by reviewing other mission statement examples, your organisation can create…
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