Governmental bodies do their best to serve the public, but there are never enough financial resources and personnel to fill every need. Nonprofit organizations also serve the public interest by filling in some of the gaps in service that governments…
For a long time, boardrooms were commonly jovial, affable places where board directors were like-minded and knew each other well. An agreeable atmosphere is certainly nice, but it can cause some unintentional problems. Where everyone usually agrees, everyone tends to…
Writing board meeting minutes is such a common task that there’s a risk of not giving it the due diligence it deserves. While writing board meeting minutes is a common task, minute-takers should never underestimate their importance. It’s crucial that…
Like many other industries, board management is becoming more complex than ever before. Board directors are also being held more accountable than ever before. While technology has brought some of the complexities to the forefront, technology also provides solutions that…
Most companies have sort of a fragmented, haphazard way of gathering and storing data. It’s not uncommon for companies to take a siloed approach to obtaining data, with each department gathering data on its own and designing its own rules…
Board self-evaluations are of interest to more than just the board directors. Investors, stakeholders and regulators are also looking for assurance that boards are committed to enhancing their own effectiveness. Board self-evaluations help to shape governance principles. Most recently, some…
Efficiency is a key component of nonprofit board meetings. Donors and constituents expect nonprofits to organize themselves well and to do their work as efficiently as possible. Most nonprofit board directors also consider efficiency to be a key component of…
As new board directors get indoctrinated into their positions, they quickly see how much a nonprofit board of directors handles. The wealth of policies and procedures alone provides many hours of reading material. The benefit of having clear and accessible…
For nonprofit boards that don’t have information technology (IT) expertise on their boards, it can be like a foreign concept. Since some nonprofit boards simply don’t understand IT and all the issues that go along with it, they don’t typically…
All over the world, the performance of board directors is being proactively evaluated by shareholders, regulators, and others. There’s a direct correlation between the composition of the board of directors and its performance. It’s a well-known fact that boards should…
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