The basic principles of good corporate governance apply equally to nonprofit entities as they do for public or for-profit entities. Good governance benefits both types of entities equally. Regardless of…

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…

Nonprofit organizations play a vital role in improving the quality of life for people living in communities.    Nonprofits provide many of the social services that fill the gaps that governments…

Behind every successful and prosperous 501(c)(3) is a healthy, vibrant and energized board. Board evaluations are a viable tool to help boards maintain their vitality. By taking what they learn…

Nonprofit boards spend the vast amount of their time checking up on employees, volunteers and other stakeholders. At least once a year, nonprofit boards should take the time to look…

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.…

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…

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…

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…