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…
If you’ve ever driven into a confusing intersection such as a five-way stop or a roundabout, you know that the order of turns can get pretty confusing. Imagine how confusing it would be without the rules of the road. Laws…
For-profit and nonprofit corporations were designed with different purposes in mind. While both types of organizations are considered corporations, each type of organization is bound by nonprofit regulations at different levels of government. Both types of entities must file a…
All successful enterprises need to take risks in order to grow and flourish. The percentage of colleges and universities that are giving risk management activities a high priority is growing, albeit at a snail’s pace. As fires, school shootings and…
Nonprofit boards benefit from multiple perspectives in decision-making. Without order, too many ideas can lead to chaos and confusion. Procedures that create order allow all board directors to participate in meetings in a fair and consistent manner in which all…
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…
Starting a nonprofit organization is an exciting and rewarding venture. The beginning phase is the most important phase of development. It pays for founders to take a detailed and well-planned approach to forming a nonprofit organization. Initially, forming a nonprofit…
Australia
United Kingdom