Nonprofit & Business Boards Have Similar Challenges – Some Reflections on Them
My blogs often highlight how nonprofit and business boards have similar challenges. Following I will highlight some business board challenges reported by William George, a Harvard professor, former board chair-CEO of Medtronic. Then I will show how his experiences can be related to those of nonprofit board directors.* As usual, I will quote or briefly paraphrase William George’s insights through italics.
Most nonprofit directors are independent ones. They typically have limited engagement with the (nonprofit) and its board, meeting six to eight times a year. Consequently, management’s knowledge of the organization’s information and data is superior (more…)