Non-Profit Corporate Governance: The Role of the Board
In rare instances, non-profit board directors get paid for their time, but by and large, they serve as volunteers without pay. Non-profit board directors usually have a special connection to…
Where Entity Management and Cybersecurity Meet Risk Management
Entity management and cybersecurity have long been viewed as having separate and distinct roles in relation to risk management. As the global economic climate progresses, the two roles are increasingly…
Board of Directors and Risk Management: Oversight and Collaboration with Management Are Key
The economic crisis of 2008 was a historical event that changed the conversations and inner workings of boardrooms across the country. While it was a terrible time for the nation,…
Getting Back to Basics: Characteristics of an Effective Board
You might not have an effective board if…your board approves every item on the agenda at every meeting with little or no discussion. Board work gets off to a good…
Changing of the Guard in the Boardroom: The Trend Toward Diversity and Independence
In recent decades, retirees, dignitaries and the good ol’ boys were staples of the composition of the board of directors. That trend is quickly becoming a thing of the past.…
Leadership and Facilitation Skills Are the Hallmark of an Effective Board Chair
A board chair wears many hats, but two words that encapsulate the board chair roles and responsibilities are facilitate and leadership. Nearly every word spoken and every action taken by…
Directors and Officers: The Value of D&O Questionnaires and Insurance
Directors and officers insurance (D&O) has an interesting history. In the late 19th century, Lloyd’s of London, a conglomerate of insurance syndicates, developed the current model of D&O liability. But…
Compliance and Risk Management: Interrelated, but Not the Same
Global regulations are increasing, and it’s forcing boards of directors to take an active role in all matters of the company’s business, especially in the areas of compliance with the…
Compliance Management and Board of Directors’ Role in Compliance and Ethics
Hypervigilance rules the day when it comes to a board of directors’ role in compliance and ethics matters. If your board members are not familiar with the terms duty of…
Nonprofit Board Member Duties and Responsibilities Form the Lay of the Land
Have you ever looked out of an airplane window and marveled at how differently everything looks from an aerial view? You noticed which highways were jammed with traffic and which…
