At Tate & Tryon, a firm focusing exclusively on nonprofit finance, we encounter highly motivated board members, but sadly, many dedicated board members don’t fully understand their responsibilities, particularly when it comes to financial governance.

The Antonin Scalia Law School at George Mason University, in partnership with Heidrick & Struggles, has recently released an excellent report exploring how the role of association and nonprofit board members has evolved and what motivates board members to participate.

Here are a few points to focus on if you’re looking to better engage your board:

  • Many boards have yet to institute a formal onboarding process
  • The mission of an organization is the greatest motivation
  • Board service requires more time and effort than ever before

In addition to distinguishing board oversight from day-to-day management, onboarding should also cover a financial orientation focused on educating boards on key drivers of success. How else can a board truly serve its purpose? Getting behind the mission of the organization is the first step, but a structured orientation is a necessary second.

Don’t assume that new board members come with built-in knowledge of how to be an effective board member.   Help provide them with the training and education they need, so that they can help make the board more productive, effective and maximize their service for your organization.

Tate & Tryon can assist your organization with improving financial governance practices and enhancing board effectiveness.  Please contact us to learn more.

Click here to view the full report by Heidricks & Struggle and the Antonin Scalia Law School at George Mason University.

 

INSIGHTS & RESOURCES

Understanding the New UBI Tax Silo Rules

Posted on , updated on

Exempt Organization Tax11/30/2018

Insights11/30/2018

Nonprofit Accounting-Tax-Technology11/30/2018

Podcasts11/30/2018

In this audio podcast, Tax Principal Debbie Kosnett and Senior Tax Manager Lisa Heller discuss what you need to know about the new unrelated business income silo rules.

Doug Boedeker Named Practice Leader, Audit & Tax Services

Posted on , updated on

Firm News10/15/2018

Insights10/15/2018

Tate & Tryon is very pleased to announce that Doug Boedeker has been named Practice Leader, Audit & Tax Services. Doug is a partner in the Firm’s Audit and Assurance Services practice with more than 20 years of experience providing an audit, tax, and consulting services to nonprofit organizations.

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