There is no legal requirement for nonprofit organizations to have a legal and compliance department; nonetheless, all nonprofit organizations are required to know and follow all state and federal laws that govern them. Not all nonprofits will have sufficient funds…
We live in the Information Age and it would be impossible for a nonprofit to be successful without an online presence. The internet is the best place for nonprofits to get the word out across the miles for the good…
In general, boards are in the spotlight with a focus on board effectiveness. As the light shines brighter, weak boards stand out more than ever before. As new board directors join the board, they need to be concerned about meeting…
As soon as a new board director gets appointed, that’s the best time to start planning for their replacement. Recruiting, nominating and appointing board directors takes time. If boards wait until they have a vacancy, it could leave them with…
Just as boards expect students to reach their fullest potential with the education the college provides, board members also need to strive to perform at their peak in overseeing the institution. The role of board members in higher education has…
When a board resolves to do something or say something that they want to have memorialized in writing, they write up a corporate resolution in the proper format and vote to approve it. Boards often use a corporate resolution as…
Advancements in technology have made it easier for nonprofit boards to do many of their tasks more efficiently and with a greater degree of security. A nonprofit’s website is the hub of its activity. Social media outlets play a big…
Company secretaries perform a wide variety of important duties. For some nonprofit organizations, the question is more of “What don’t company secretaries do for nonprofit organizations?” Nonprofits generally assign their company secretaries many of the same basic duties and responsibilities.…
A conflict of interest occurs when an individual or an entity has a clash between personal and professional duties or responsibilities and that clash gives them the benefit of personal or professional reward. Often, this happens because someone has a…
Risk management is a process that allows for identifying risks aggressively and early. It should be a continuous, forward-looking process. Risk management is a process that requires strong leadership across all stakeholders. The best risk management programs are proactive rather…
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