Trustee Responsibilities

ATTN: Nonprofit Directors & Trustees – Find Value From Business Successes.

ATTN: Nonprofit Directors & Trustees – Find Value From Business Successes.

By: Eugene Fram

According to a blog appearing in the September 22, 2012 issue off Board Member. Com, Value Bridge Advisors identified only 34 of 500 S&P members who, “had growth over 3% plus year average annual revenue growth over 10%.” For this highly successful group, the blog also identified what they had in common to achieve a top rating. Following are only the board related items that may be readily adapted by nonprofit and trustee boards. (more…)

Custom Designing A New Nonprofit’s Chief Executive Orientation

Custom Designing A New Nonprofit’s Chief Executive Orientation

By: Eugene Fram

Under a customized format, the nonprofit board tailors a program that helps the new executive develop a solid base in the organization and understand its unique climate and culture. Properly structured, this orientation takes about a year to complete. (more…)

How does a CEO turn down advice about operations from the board?

How does a CEO turn down advice about operations from the board?

By: Eugene Fram

With difficulty! It all depends on the kind of culture that has been established on the board. Ideally the CEO should be comfortable (more…)

Once Again: What Type of Leaders Do Nonprofits Need in Turbulent Times?

Once Again: What Type of Leaders Do Nonprofits Need in Turbulent Times?

By Eugene Fram

Reporter Thomas Betar, writing in the August 5, 2012 issue of the Desert News, makes some interesting points about current leadership challenges (more…)

Nonprofit Alert: How Nonprofit Directors Can Acquire Independent Assurances.

Nonprofit Alert: How Nonprofit Directors Can Acquire Independent Assurances.

According to Dr. Richard Leblanc, York University Law School, “Canada’s bank regulators recommended last week that independent third party reviews of (i) of the institution’s board and committee practices; (ii) the institution’s oversight functions and processes.” He and I feel this can set the tone for non-banks and even for nonprofits (more…)

How Can Nonprofit Boards More Clearly Define Operational Responsibilities?

How Can Nonprofit Boards More Clearly Define Operational Responsibilities?

By Eugene Fram

My experience shows that well functioning nonprofit boards establish and monitor the organization’s policies. The board operates through the president/CEO. In turn, the CEO executes policy and is responsible for the prudent and creative operations of the organization. In this role, the CEO exercises leadership resulting in the effective and efficient use of board and of other volunteer time.

Although defining what are policy issues and what are operation issues is not always clear, for both for-profit and nonprofit organizations, following is a useful set of guidelines (more…)

What Are Nonprofit Directors’ Duties During Merger, Acquisition or Being Acquired?

What Are Nonprofit Directors’ Duties During Merger, Acquisition or Being Acquired?

By Eugene Fram

Craig Leonard, Morrison & Foerster, LLP has a comprehensive article in the February 25, issue of Board Member.com covering director duties of for-profit organizations when a takeover occurs.  Many of his topics listed also can be applied to nonprofits, (more…)

Nonprofit chief executives should have a title, President/CEO

Nonprofit chief executives should have a title, PRESIDENT/CEO

By Eugene Fram

When nonprofit organizations reach a budget level of over $1 million and have about 10 staff members it is time to offer the chief operating officer the title of PRESIDENT/CEO.  In addition, the title of the senior board volunteer should become CHAIRPERSON OF THE BOARD, and the title of EXECUTIVE DIRECTOR needs to be eliminated.   Experience has shown that with a reasonably talented PRESIDENT/CEO at the helm, he/she can provide the following benefits:

  • Build a trust culture between board, management and staff.
  • (more…)

Will New York Lead the Way In Changing Nonprofits?

Will New York Lead the Way In Changing Nonprofits?

By: Eugene Fram

In January, Governor Andrew Como place a salary state funded cap of $199,000 for nonprofit executives at (more…)