nonprofits,local leaders & Grt.New Haven business sharing information
The ALS Ice Bucket Challenge has introduced to the ALS board a challenge: more money that it dreamed of. Now, the board must, in accordance with its fiduciary duty of care, determine by policy or strategy, what it must do with its newfound wealth.
I believe that the Wall Street Journal did a fine job describing the choices unexpected prosperity introduces.
As far as challenges go, too much cash is a good one to have.…Continue
Added by Mike Burns on September 22, 2014 at 11:08am — No Comments
I frequently hear nonprofit board members express their frustration about their inability to attract new and maybe even different kinds of prospects to become board members. True, they may not actually have a recruitment plan and they don't have a governance committee whose job it might be to think very intentionally about what needs the board has and where individuals might be identified and wooed to joing and they may not even have opportunities for prospective board members to lend their…Continue
Added by Mike Burns on September 11, 2014 at 3:52pm — No Comments