What exactly should a nonprofit board do when it learns that its trusted Treasurer has redirected some of its funds?

Below is the Washington Post story about the theft experienced by the Talbot Watermen Association. The Treasurer helped herself to the nonprofit's funds and members of the organization called the cops. Presuming that the nonprofit has liability insurance, much of their loss should be recovered.

The good news. Below the Washington Post article is what the…

Generally, when I ask nonprofit CEOs about their boards there are two types of answers: polite and complaining. Usually both types of answers are given by each CEO I encounter. So, it should come as no surprise when an accounting firm asks 100 nonprofit CEOs about their boards, the responses are less than positive. It's kind-of just the way it is as CEOs only have so much control over their boards and boards have such wide--ranges of experiences and are in various stages of development and…

Values matter and should drive the policies and practices of a nonprofit.

In the so-called City of Brotherly Love the so-called Sisters of Mercy (yes, irony on both counts) fired a teacher because she is married (a value the Roman Catholic Church does embrace) but, wait for it, to another woman.

According to the core values of Roman Catholicism, relationships including marriage between two people of the same sex is not permissible. So, when the Sisters of Mercy (again, irony)…