November 2014

Mohammad Anas Wahaj | 30 nov 2014

Nonprofit boards play an important role in providing direction and guidance to the organization by developing policies and plans to achieve their goals. They also bring accountability and oversight to the organization. Eugene Fram, Professor Emeritus at Rochester Institute of Technology, provides outcomes of one of the sessions organized by National Association of Corporate Directors (NACD) focusing on board 'challenges and opportunities expected in the next five to seven years.' According to Prof. Fram, the results of the session, although for for-profit boards, can also be applied to help nonprofit boards focus on culture, leadership and achieve strategic success: (1) Inherent in the board-management relationship is an information imbalance. (2) With an expanding board agenda, process and expectation settings are critical. (3) An empowered lead director... can help mitigate the risk of information imbalance. ... and can break down some of the roadblocks that may develop between the management and directors. (4) Ultimately, the board has to make winning decisions that are informed by data. (5) The board should identify which stakeholders are critical to the strategic plan and target communications to those groups. Read on...

Huffington Post: Strong Culture and Leadership Critical for Nonprofit Board Strategic Success
Author: Eugene Fram

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