Business ethics refers to the principles and values that guide the behavior of individuals and organizations in the business world, including nonprofits. It dictates that organizations consider the impact of their decisions on various stakeholders, such as customers, employees,…
Cyberattacks are here to stay and ransomware demands to organizations are unfortunately skyrocketing. Nonprofit boards need to know the essentials of how to protect data and their board members against cyberattacks. Nonprofits rely heavily on mobile and digital technologies to…
Building an effective board of directors is a critical part of governance that has a profound impact on the organization. To have board effectiveness, a nonprofit’s purpose, process, structure, and people must all be in alignment. Yet how can you…
The role of managing director vs. CEO is not always easy to understand. Both are high-ranking executives; however, they have a number of key differences in their roles. Simply put, a managing director is typically responsible for a single business…
A fiduciary responsibility is an obligation that prevents one party from acting in their own interest rather than in the interest of the organization. For nonprofits, this ethical commitment makes it possible for them to fulfill their missions. Board…
If you’re like most people, checking your email is part of your morning routine. With the average person getting over 121 business emails per day, there’s a lot of information to sift through. Now add in your personal and…
Every board needs directors who are great visionaries, and understanding the difference between short-term vs. long-term goals can help bring your nonprofit’s vision to life. Beyond the obvious, knowing the differences between short-term and long-term goal planning can help nonprofits navigate…
A board resolution formalizes — in writing — the critical decisions made by members in board meetings. Comparatively speaking, making decisions is often easier than writing a board resolution. Nonetheless, drafting them is far easier when your board understands…
A quorum refers to the minimum number of group or organization members that must be present for official business to be carried out. This minimum number is usually set by the organization's bylaws. The main reason organizations form a…
The roles of the board of trustees vs. board of directors are similar, making it common for people to use the terms interchangeably. While both positions have a strong role in governance, distinct differences set them apart. Regardless of…
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