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, nonprofit…
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 today’s…
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…
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 today’s…
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…
Improving governance for hospital boards is an issue that has come to the forefront in recent years because many who work in the field believe that clinical governance has taken a back seat to other important managerial issues like policy…
The government recognizes that charitable and certain other types of organizations provide valuable community services that would be impossible for the government to provide using taxpayer funds. While the government can’t fully support nonprofit organizations, the 501(c)(3) code of the…
Robert’s Rules of Order is a manual of parliamentary procedure that governs most organizations with boards of directors. In 1876, Henry Martyn Robert adapted the rules and practices of Congress to the needs of non-legislative bodies and wrote them in…
If you’re a Type A person who likes to have a place for everything and have everything in its place, you’re happy to attend a well-organized meeting. If you’re a Type B person who has a place for almost everything…
Imagine a large meeting in which there are no rules, and no one is sure who is in charge. It would certainly be complete and utter chaos. It would be difficult for everyone who has something to say to participate.…
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