audit committees

Maintaining World Class Integrity in a Nonprofit Boardroom: Guides for Action

Maintaining World Class Integrity in a Nonprofit Boardroom: Guides for Action

By: Eugene Fram

There is little question that boards have overall responsibility for ensuring a nonprofit’s integrity. Take, for example, the case of a nonprofit where the former executive director and a board member conspired to steal $4 million of the organization’s funds. While the board did operate within its fiduciary duties and had no personal liabilities, an attorney in the case reported: This does not prevent a state’s attorney from laying blame on the board, however. Although there may be no personal financial loss, the board its individual directors and the organization can suffer significant reputational loss when integrity issues arise. http://bit.ly/REmSoC (more…)

Advertisements

Can Nonprofit Boards Learn From The Mistakes of Others?

Can Nonprofit Boards Learn From The Mistakes of Others?

By: Eugene Fram

An old Chinese proverb states: “A wise man learns from his own mistakes, the wiser man learns from the mistakes of others.” Since nonprofit boards of directors are continually changing, volunteer directors typically serving three to six year terms, it seems that board members should immediately want to learn from the experiences of others. (more…)

Is Your Nonprofit Forward Focused or A Prisoner of the Past?

Governance arguably suffers most … when boards spend too much time looking in the rear view mirror and not enough scanning the road ahead. *
It has been my experience that nonprofits rarely address the possibilities and perils of “…the road ahead.” …. Here are some “prompts” that might guide nonprofit board members and CEOs as they attempt to provide leadership in this important but often neglected area:
http://www.huffingtonpost.com/eugene-fram/is-your-nonprofit-forward_b_5101415.html

Bibliography: Articles Related to For-Profit & Nonprofit Governance

Bibliography: Articles Related to For-Profit & Nonprofit Governance – September, 2013

By

Eugene Fram, Professor Emeritus
Saunders College of Business
Rochester Institute of Technology
frameugene @gmail.com


Remembering it is the beginning of the school year, I have developed the following bibliography for those needing references on corporate governance. It is a list of articles I have published over the last several decades. You can easily access most by listing article title via a Google search. If you have problems accessing any, please send me an e-mail. Several additional articles are scheduled for publication, and I will add to this bibliography as they are published. (more…)

The Nonprofit Overhead Myth – Devil Is In the Details?

The Nonprofit Overhead Myth – Devil Is In the Details?

By: Eugene Fram

Do nonprofits have to consistently report low overhead percentages for administration and marketing to satisfy donors? Do these modest overhead percentages do more long-term damage to the nonprofit’s ability to fulfill it mission than short-term good? * (more…)

Do Today’s Business Leaders Make Effective Nonprofit Directors?

Do Today’s Business Leaders Make Effective Nonprofit Directors?

By: Eugene H. Fram

The names of the new board nominees have been announced. They include several outstanding recruits from the business community. Will these new formidable directors perform well in the nonprofit environment? William G. Bowen, a veteran director in both the for-profit and nonprofit environments, raised the following questions about such beginnings in a 1994 article:*
Is it true that well-regarded representatives of the business world are often surprisingly ineffective as members of nonprofit boards? Do they seem to have checked their analytical skills and their “toughness” at the door? If this is true in some considerable number of cases, what is the explanation? (more…)

Social Media and The Nonprofit Board

Although social media are disruptive technologies, I don’t think many nonprofit boards have given  sufficient thought to what they may mean to their organizations currently, beyond marketing, and in the future.   Following is a link targeted to the business community, which I think should be of interest to nonprofit boards.

bit.ly/RxhETF