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Perhaps the single most important attribute of an effective board is also its most intangible: An independent sense of itself.
Be sure that your nonprofit is getting the most value out of your relationship with your broker, and with your insurance companies.
For nonprofits, it’s hard not to think that closing down is the ultimate disaster. But sometimes a lack of money or energy forces the issue.
Executive sessions can help nonprofits have frank discussions about staff performance, and help the board develop a sense of itself.
All-volunteer organizations (AVOs) are a major social and economic force, but are seldom given credit for their work.
Considering how insurance costs typically constitute a sizable chunk of a nonprofit budget, this significant cost is remarkably un-examined. A key part to getting the lowest costs, the best coverage, and the best service is getting the right insurance broker. But what exactly is an insurance broker and what do they do? What should we look for in a broker? How do we find a good one?
It often seems that efforts between board and staff of appreciation feel trivial at best, and even hypocritical or enraging at worst.
A fresh and radical idea: consider eliminating all (or most) of your board committees. Too many boards are bogged down by committees that are inactive or maybe even semi-fictitious. And board members can feel compelled to be on three or four committees …
Because a nonprofit board’s success depends upon its gestalt as much as the traits of its individual members, boards should think a bit about the contributions an attorney might make.