There are fiduciary responsibilities and liabilities involved with being a board member. It is essential to know and understand them and the directors and officers (D&O) liability insurance coverage. In the State of Washington, RCW 24.03.127 defines the Duties of a Director for a non-profit corporation. It requires directors to act ”in good faith, in a manner such director believes […]
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Now that you’ve defined your passion (as discussed in Part 1), you need to find the right non-profit organization to volunteer for as a board member. The many ways There are many ways to identify potential non-profit organizations that will make good candidates for you to choose from, including: There is value in HR If […]
How do you define an “effective board member”? (What makes a board member a good one?) An effective board member actively contributes their time, treasure, and/or talent. TIME: TREASURE A board member who is considered valuable includes writing a personal check annually for a significant amount to the organization. They get their company to provide […]
Have you ever been asked if you have Directors and Officers Liability (D&O) Insurance and struggled to answer what it covers? You know you purchase it, and you know your organization needs or is required to have it, but few of us can clearly articulate what it covers, what it excludes or how it can […]
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You made it! You have found the right non-profit organization and joined the board. The next question I hear most often is, “Now what do I do?” The answer to that question is both simple and complex. We are going to explore your responsibilities and the ramifications of your new role. Continue your investigations In the first 90 days […]
You have found the non-profit board you want to join – now what?!? There are still several steps you should take to ensure the right fit for you and for them. Here are five best practices to help you on your way. 1) Continue your due diligence. 2) Request and review at least 3 months of […]
Since my early days in corporate America working with Fortune 500 firms, I have been involved in the world of non-profit organizations as a volunteer. I’ve been a member and served on numerous committees and boards. My career eventually led me to work for several non-profit organizations. As an employee, I not only worked directly […]
Is there anyone flying this plane? In too many cases, a nonprofit board’s approach to leadership turnover is hectic, not well thought out or planned, reactive instead of proactive. Most often, the board is group of passionate, well-meaning volunteers who are now faced with the single most important role they will have: selecting a new leader. […]
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