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.

Nonprofit Laws: Board Rules And Regulations
August 30, 2016

Nonprofit Laws: Board Rules and Regulations

In March 2012, BoardEffect published a research report titled “U.S. Laws Governing Nonprofit Boards and Electronic Voting.”  The intent was to determine and demystify the legal parameters within which a board could use board portal technology to manage its voting procedures.  And it was a huge hit; more than four years later, we continue to see surprisingly widespread usage of the report.

Gender Diversity On Boards & Why It Matters
August 10, 2016

Gender Diversity on Boards & Why it Matters

A diverse board of directors brings a range of perspectives and talent that synergizes the board as a whole entity. Many important discussions take place on boards. It’s the differing perspectives of board members that lessen the potential for group think and lead to well-rounded decisions.

Calculating The Cost Savings Of A Board Portal Vs. Building In-House
August 1, 2016

Calculating the Cost Savings of a Board Portal vs. Building In-House

Last week a prospective client asked us how BoardEffect users typically measure organizational cost savings from using our product.  This is a relatively common question, which isn’t surprising given that virtually all organizations today operate with budget constraints. But this frequent and seemingly simple request implies a range of related questions centered around calculating Return on Investment (ROI).  In an effort to address this question completely but concisely, I’ve broken this into a two-part response.  The first post articulates a way to think about and justify the general cost of implementing a board portal versus the most common, “free” alternatives.  This second post offers a framework for comparing the cost of commercial off-the-shelf software versus the prospect of making a larger investment to build one’s own custom board portal solution.

Trends In Quorums, Virtual Meetings, And Board Meeting Attendance
July 27, 2016

Trends in Quorums, Virtual Meetings, and Board Meeting Attendance

What happens when a board chair tries to counter low attendance at board meetings with shorter meetings? Even lower attendance, as a well-intended colleague once discovered. Turns out lack of time is not what causes board member absenteeism; in fact, volunteer leaders expect to invest time in the causes they champion — as long as that time seems well-spent.

Effective board and executive leaders know that meeting content must be meaningful in order to ensure the ongoing presence, participation, and engagement of board members. They create strategic agendas, ensure timely access to relevant information, foster generative discussions, and leverage the talent around the board table. They also know promoting attendance at board meetings isn’t just about content – policies play essential roles, too.