Quorum for a Board Resolution
Generally, a resolution is something that a group resolves or agrees to do. As it pertains to boards of directors, the outcome of a vote could be called a resolution.…
What Is Reputational Risk?
Board directors covet their company’s reputation because it’s their most valuable asset. A recent joint study by Deloitte and Forbes affirmed this conviction. Their study surveyed 300 senior-level executives who…
FOUNDATIONS OF BOARD MANAGEMENT FOR SMALL BUSINESS
Small businesses have much to gain from establishing a board of directors. By asking the important questions and overseeing governance practices, boards of directors give small business owners clear, actionable…
Why the Board Members of Your Hospital Can Benefit From a Board Portal
With much to accomplish in a short time frame, the boardrooms of hospital boards are a flurry of activity. Board trustees need their board packets as early as possible, so…
How to Approach Board Refreshment
Private and nonprofit boards of directors face many of the same challenges of refreshing their boards as publicly traded companies. Many other issues drive the unique challenges of board refreshment…
How the Chairman of the Board Should Run a Board Meeting
Several things can set the tone and agenda for a private board meeting or nonprofit board, including the maturity of the organization, the economic stage of development, pressing legal or…
Lessons from Three Nations on Good Nonprofit Corporate Governance
Most likely, you’re familiar with the old proverb, “One bad apple spoils the whole bunch.” That sentiment rings true as it pertains to a few nonprofit agencies that fail to…
Training Hospital Board Members About Cybersecurity Threats
Effective teaching and training begins with setting clear goals. The “SMART” corporate training philosophy has guided many successful training programs. Each training objective should be Specific, Measurable, Achievable, Relevant and…
Fundamentals of Hospital Board Governance
When you enter the hospital as a patient, you have certain expectations for how you will be treated. You expect that the doctors will use tests to assess your health.…
Ethical Behavior for Board Members Is Culturally Driven
Ethical behavior means acting in ways that are consistent with what society, individuals and businesses generally accept as good values. Good values include traits like honesty, dignity, diversity, fairness and…
