Can Nonprofit Boards Strategically Reinvent Themselves?
By: Eugene Fram
Not many nonprofit boards look to strategic renewal/reinventing as viable options. Dedicated to a specific mission, boards may merge with related organizations as their prospects decline or simply declare victory. March Of Dines has been a classic case of redefining its mission when The Salk Vaccine limited widespread polio epidemics. Today, the nonprofit’s programs serve people with disabilities: children, adults, seniors, military personnel and veterans. (more…)
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…)