Nonprofits are required to use their funds to support their charities. That doesn’t mean that they’re not allowed to invest funds to help their money grow. While most of the financial regulations apply to for-profit organizations, board directors of nonprofit…
In past decades, higher education boards focused primarily on academics. Since then, the world has become more complex, competitive and globalized. The economy is volatile and uncertain, causing students to wonder if the steep cost of higher education will yield…
Prior to 1996, there were no generally accepted security standards or general requirements within the health care industry for protecting health information. As new technologies evolved, in similar fashion to most other industries, the health care industry began to transition…
Not all boards have term limits, but all boards should have term limit policies. Term limits are considered best practices for all types of corporations and organizations. Colleges and universities should develop term limit policies that outline the term limits…
The history of voting rules dates back to the late 1800s when the first publication of parliamentary procedures became available. While various forms of parliamentary procedure exist, the most commonly used format is published under Robert’s Rules of Order. As…
Depending on whether a board is a nonprofit, private, or public board and which state it’s in, the board may be able to vote via email, but that doesn’t necessarily mean that it’s a good idea. Many factors related to…
Every industry carries unique types of risks. Due to student populations and school-related activities, institutions of higher education face many different types of risks than in other industries. An enterprise risk management in higher education helps colleges and universities to…
Without an established, designated process for recruiting nonprofit board directors, many nonprofits take a casual, disorganized approach to board director recruitment. The final result of their efforts often yields an ill-composed board filled with any warm bodies who are willing…
Today’s higher education arena presents many challenges, risks, and opportunities in a rapidly changing environment. While the face of higher education changes, college boards must face the facts that it’s also time for college leadership demographics to change as well.…
Individuals and corporations regularly make many choices about how they spend and allocate their money. A budget is a plan for how the organization wants to spend its money. In making decisions about allocating funds, nonprofit board members must take…
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