What Makes A Great Nonprofit Board Member?
June 13, 2018

What Makes a Great Nonprofit Board Member?

Anyone can make it onto the board of a nonprofit organization. In most cases, there’s not even any experience required. Surprisingly, some of the greatest nonprofit board members started their journey to nonprofit board service with nothing but a passion…

Nonprofit Organizations: Understanding D&O
June 11, 2018

Nonprofit Organizations: Understanding D&O

Governance has a whole new set of acronyms for new board directors to get used to. One acronym that inexperienced board directors of nonprofit organizations will hear a lot is D&O. The acronym stands for “directors and officers,” which by…

Risk Assessment: A Template For Nonprofit Boards
May 30, 2018

Risk Assessment: A Template for Nonprofit Boards

What is risk? According to the Business Dictionary, risk is defined as: “A probability or threat of damage, injury, liability, loss, or any other negative occurrence that is caused by external or internal vulnerabilities, and that may be avoided through…

The Importance Of D&O Insurance For Nonprofit Boards
May 25, 2018

The Importance of D&O Insurance for Nonprofit Boards

It’s a misnomer to believe that only large nonprofit organizations need D&O insurance. Directors and officers of every-sized nonprofit organization have meaningful exposure to personal liability. About 20% of all U.S. corporations are nonprofits. The liability for directors and officers…

Importance Of Risk Management For Credit Unions
May 23, 2018

Importance of Risk Management for Credit Unions

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…