The Risk of Boards Voting by Email
Depending on whether a board is a nonprofit, private, or public board and which state it’s in, the board may be able to vote via email, but that doesn’t necessarily…
How Nonprofit Boards Can Work Within Their Budgets to Improve Performance
Individuals and corporations regularly make many choices about how they spend and allocate their money. A budget is a plan for how the organization wants to spend its money. In…
Responsibilities for a Risk Manager for a Nonprofit
In the excitement of fundraising, getting donor commitments and hosting events, nonprofit boards may overlook an issue that’s vital to the organization’s sustainability — risk management. Risk management is a…
The Benefits of Board Assessment Tools for Nonprofit Organizations
If you asked a newcomer to your nonprofit board of directors to describe the board, which adjectives would they use? Would they use words like healthy, robust and functional? Or…
Why Do Nonprofits Need to Understand Open Meeting Laws?
Open meeting laws were enacted as a result of citizens’ concerns over government meetings that were held in secret. Citizens rightly felt that if they were paying taxes to a…
How Ex-Officio Board Members Can Impact Board Decisions for Your Nonprofit
Among the many topics on governance, we don’t often hear very much about ex-officio board members. Some might say that the term is becoming outdated. Perhaps that’s true, but it…
How to Ensure Good Governance for Your Nonprofit
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…
Defining Your Nonprofit’s Bylaws
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…
The Role of the CEO for a Credit Union
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.…
The Functions of a Risk Committee for Your Nonprofit
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…
