Governance Q&A: Dealing with founder’s syndrome

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...

Practical steps for implementing a privacy policy

Application of Privacy Schemes Other than to meet statutory requirements, organizations can view the implementation of a privacy scheme as a useful tool to build trust amongst employees and consumers. Readily available and transparent systems will likely raise the confidence...

Aligning strategy and governance

Many organizations view strategic planning for their organization as a linear process that is the responsibility of the Board of Directors and therefore is determined by the Board and communicated to the staff to implement. According to the report, "Building...

Ethical considerations in strategic planning

As a board member and senior manager of a nonprofit you are responsible for creating and participating in the development of your organization's strategic direction and implementing the change associated with delivering upon that strategy. While there are few ethical...

Examining the board’s role in fundraising

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...

What accounting standards support ethical fundraising?

"Accountability" has become an important watchword in fundraising. The need for it has always been a legal requirement in fundraising, but what it meant and the public’s awareness of it have developed in recent years. Our next few columns will...

The argument against paying development professionals based upon the amount of funds raised

Few topics generate more heated discussion in non-profit organizations than whether development professionals (staff or consultants) should be paid a percentage of the money raised, receive commission-based compensation, or be paid a performance bonus. Perhaps because it is a practice...

Nonprofit fraud: Focus on segregation of duties and good reporting procedure

MOST FRAUD investigators would agree that the elements required for fraud to occur are motivation on the part of the perpetrator combined with opportunity. Opportunity generally arises through an organization's non-existent or ineffective internal controls. The more checks and balances...

Nonprofit fraud: What are the key indicators?

Although it's generally unsubstantiated, we probably hear or read about fraudulent activity, on average, at least weekly. The headlines confirm that fraud - lying, cheating and stealing for financial gain - does occur in NPOs and, in some instances, may...

Delegation of investment decision-making still an uncertain business

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...