In today's fast-paced world, volunteer boards play a crucial role in the decision-making processes of various organizations, from nonprofits to credit unions to community healthcare. One vital aspect of their operations is maintaining comprehensive and accurate meeting minutes. However,…
As a community bank board member, you understand that the economy's uncertainty and volatility have significantly transformed how the financial industry, including credit unions, perceives risk. Gone are the days when credit unions solely relied on forecasts and projections…
A not-for-profit organization exists for the good of the community, and a not-for-profit healthcare organization helps to cover gaps in health services rather than generate a profit. While for-profit and not-for-profit hospitals are all regulated by the same authorities…
A nonprofit governance committee performs many of the same duties and has many of the same responsibilities as those for a for-profit corporation. Like for-profit entities, nonprofit organizations often formally combine the function of the nominating committee with that…
Cybercrime falls under risk management, which is one of many areas that volunteer boards are responsible for overseeing. Technology has advanced to such a degree that many boards, especially nonprofit boards, are finding that IT issues are quickly extending…
Because nonprofit organizations serve the public good, nonprofit boards must continually work to earn the public’s trust. State and federal governments’ nonprofit laws hold them accountable, as they get tax breaks for providing public services. Like their for-profit counterparts,…
Students of all ages are increasingly receiving their education in digital formats, particularly at the college level. Higher education relies on an open and collaborative culture to deliver the finest degrees and to maintain a strong reputation. A cyber…
The uncertainty and volatility of the economy have drastically changed how all industries view risk, including credit unions. In past decades, credit unions and other financial corporations relied heavily on forecasts and projections to manage their daily operations. In…
The answer to the question about whether nonprofits need liability insurance is more than a simple “yes” or “no.” When a group or individual considers purchasing any type of insurance policy, it’s important to think about the reason they need…
When board members accept the responsibility for an appointment to a board of directors, they agree to attend board meetings and to participate fully. When things go smoothly, the board will produce a calendar of meeting dates well in advance…
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