Directors And Officers: The Value Of D&O Questionnaires And Insurance
March 24, 2017

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 for many years, D&O maintained its popularity primarily within the United States. Around the 1980s, however, the benefits of D&O insurance spread across the ocean and it became popular in all parts of the world.

READ MORE
On Being The Best Board Chair
March 21, 2017

On Being the Best Board Chair

The now-former board chair of a mid-sized nonprofit organization resigned hastily in frustration. Having identified some management irregularities, he was riding roughshod on the chief executive, who countered with complaints of debilitating micromanagement. Until the chair’s departure, however, the rest of the board remained unaware of any problems. The chair believed it his responsibility to run interference for board members weary from a sustained period of organizational growth, so he withheld his concerns until his exit interview.

READ MORE
Best Practice Board Reporting
March 9, 2017

Best Practice Board Reporting

Who is responsible for the quality of board reports—management or the board? If you said both, you’d be correct. Boards function best when they receive reports that have enough information for them to develop business strategies for short and long-term…

READ MORE
Nonprofit Best Practices Hold The Key To Board Governance Issues
February 22, 2017

Nonprofit Best Practices Hold the Key to Board Governance Issues

While it’s helpful to review multiple studies about a particular issue, research about nonprofit board governance issues hasn’t been studied very much. That’s what makes the 2015 Survey on Board of Directors of Nonprofit Organizations by the Stanford Graduate School of Business such an excellent tool. The report brings out some important facts about known or suspected matters and highlights a few new ones.

READ MORE
Nonprofit Board Member Duties And Responsibilities Form The Lay Of The Land
February 15, 2017

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 roads were barren. Maybe you detected a few important landmarks. As a member of a board of directors for a nonprofit organization, you have a duty and a responsibility to examine your organization’s landscape to ensure that the current (and future) landscape is healthy and productive.

READ MORE