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6 Signs of an Effective Board
Posted by David Brown on Thu, Aug 3, 2017 @ 02:56 PM

Whether your organization has an effective board can have a major impact on the fortunes of your not-for-profit. A good board with a wide variety of skills may lead your not-for-profit to new heights.

Although responsibilities of the board may vary among not-for-profits, a board is generally entrusted with determining and fulfilling its mission and complying with laws and regulations while mitigating potential risks. Board roles include securing, supporting and evaluating the executive directive and monitoring the organization’s financial performance. Given the responsibility, your board should be evaluating itself from time-to-time to see if improvements could be made.  Ask yourself the below questions to see how your board rates.

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Topics: David Brown, not-for-profit, board members, nonprofit, Nonprofit Board, board of directors

3 Ways Not-For-Profit Board Members Can Act as Fiduciaries
Posted by Dyan Reinhold on Mon, Jun 27, 2016 @ 10:43 AM

The concept of a fiduciary often arises in discussions about financial advisors, attorneys, estate executors and scenarios that involve professionals handling financial assets or affairs on behalf of an individual or organization. These professionals are trusted to act in the best interest of the individual or organization. In many situations, such as with fiduciaries of retirement plans, this also means that professional should be taking steps to ensure that applicable regulations are being followed or the fiduciary could be held liable for compliance issues.

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Topics: Dyan Reinhold, non-for-profit, Non-profits, Nonprofit Board, fiduciaries

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