Financial literacy for boards: Part two

Donors and agencies, who evaluate nonprofit performance, often look to see that most of your organization's funds are being used for core programming purposes. However, different sources recommend differing practices and policies for allocating disbursements among the functional categories. As...

Financial literacy for boards: Part one

The numerous corporate failures and director scandals of recent years have brought financial literacy to the forefront of board governance issues today. Literacy signifies the ability to read and understand fundamental financial statements as well as the ability to ask...

Governance Q&A: Transparency versus secrecy

I sit on two nonprofit boards.  One treats everything as secret, so even the staff do not know what got discussed or decided at board meetings except what the Executive Director chooses to tell them.  Occasionally, an outvoted board member...

Governing for results: How boards can add value

"What difference do boards really make to organizations? What is governance anyway? How can boards add value to organizations? How can we evaluate their performance?" These are questions about boards many of us have asked or heard in recent years....

How staff can support their board of directors

The board of directors is elected by members and the board is accountable to the members. boards delegate the implementation of their policies and plans to staff and committees, but the board remains accountable to members for the outcomes. They...

Good governance and board/staff relations

Woody Allen once said that: "Eighty percent of life is just showing up." The other 20% is where it gets complicated. Success demands learning, knowledge, creativity, hard work, and pragmatism...more than 'just showing up'. So it is with the demands...

Governance Q&A: Compensating the board for non-board duties on behalf of the organization

Can our all-volunteer charity pay board members for time-consuming non-board duties on behalf of the organization? Should we? We are located in British Columbia, and our issue involves extensive consultation sessions with the provincial government. Normally, minimum ethical standards include...

Tools for nonprofit leaders: Policies and procedures

This is the third in a series of articles offering tools to not-for-profit leaders. The first article described the strategic plan - your roadmap to lead you to your desired outcomes. Your strategic plan focuses on supporting your mission and...

Voluntary sector board governance – survey says!

Effective board governance in the voluntary sector continues to be a hot topic across the country. Many organizations and foundations struggle mightily with governance issues, decisions, and best practices. Thankfully, that struggle may soon become more manageable. On April 26th,...

Mixing it up in boardroom – Exploring the value of board diversity

Having an effective board of directors is as much a part of a nonprofit organization's success as it is for a corporate organization. Board directors help to shape organizational goals and objectives. They keep the organization accountable to its members...