Non-Profit Board Management.
Your Business Blogger has a weakness for thinly capitalized organizations in trouble. I recently advised a non-profit on a number strategies. Challenges included hiring talent, fund raising, and risk management.
But the real problem was a board that meddled with day-to-day management.
A recent Wall Street Journal article provides an excellent overview of corporate governance by Jack Falvey.
#1 Directors do not manage a company
#2 Growth is a universal goal.
#3 Directors need only deal with two basic numbers — revenue and expenses
#4 Succession planning is a board duty
#6 Doing homework
A good board of directors provides consulting, contacts and access to capital.
Advice for the next decade. Not the next day.
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Thank you (foot)notes:
ChristianSarkar.com has more at 9 Prophecies from Peter Drucker.