This article is the third in a four-part series offering risk management approaches to not-for-profit organization leaders and volunteers. In the first article we focused on what risk management is and offered examples of fiscal risk prevention and mitigation strategies....
Any well-rounded board of directors will include professionals who are experts at analyzing financial statements, savvy in boosting fundraising efforts, irreplaceable in introducing the executive director to community leaders, and relentless at evaluating and perfecting programs. But what about developing,...
I am a board member of a local charity with seven staff members. I have no idea what the Executive Director earns or how it is determined. The Chair says only the Executive Committee needs to know, and they are...
You're at a party, mixing and mingling with friends, and someone happens to mention that they volunteer with the board of a charity. You've heard that this is a good way to beef up your resume, perhaps acquire some new...
Can I serve on the board of one charity while I work for another? They are located in the same city, but have quite different missions. You probably can, but you have to take some care. It is quite a...
Fifteen years ago, my husband and I had a dream of making our little commercial sector stronger by bringing together isolated businesses in our field into a new national association. Since then, we have put thousands of hours into this...
I'm often asked what the role of the Board is in the strategic planning process. The most common answer is that the Board is responsible for the strategic direction of the organization and therefore should set the strategy. Few people...
As the nonprofit sector evolves, and with government funding in decline, more and more organizations are finding that a fundraising board is now a necessity. Realizing this, they then face the challenge of involving their board in fundraising, not always...
Most Ontario charities are aware - or should be - that they should address the potential for liability arising when their board of directors continues to delegate investment decision making to a discretionary investment fund manager. While a court might...
1. Your mission is your lighthouse (a beacon in the fog) Clearly express your agency's reason for being and make it pervasive in your organization before you look for people who can help achieve long-term goals. (Placing your mission on...
