Resource Results for "Legal Risk"
Managing Legal Risks in a Nonprofit
The American legal system is the subject of ongoing debate, countless publications, and a growing number of television dramas and situation comedies. It’s even the stuff good novels are made of. Yet the legal field is intimidating – many laypersons (non lawyers) feel that lawyers speak a different language, view the world through a lens … Continued
Travel Safe: Managing the Legal Risks that Arise from International Operations
by Jefferson C. Glassie, Esq., FASAE, and partner Whiteford, Taylor & Preston, LLP Nonprofit organizations are becoming increasingly active in global activities, which are very complex because of cultural, linguistic, operational, and risk issues. Adding to the complexity are legal issues. When does United States law apply, and when does the law of the … Continued
Winding Down: A Risk Management Checklist
A wide range of options should be explored anytime a nonprofit faces serious operational challenges, financial shortfalls and other circumstances that make it impossible to continue normal operations. This Risk Management Checklist offers an overview of the process of dissolution (which is an action governed by state law) as well as a list of the … Continued
Managing Risks and Reaping the Rewards of Remote Teams
By Whitney Claire Thomey Remote work—a facet of the working landscape for three-plus decades—quickly became the default construct for businesses and nonprofits alike in 2020. In short order, leaders across the nonprofit sector learned that remote work was not only possible but also practical at a fantastic scale. Experience corroborated what the research indicated—many people … Continued
Managing Risks and Reaping the Rewards of Remote Teams
By Whitney Claire Thomey Remote work—a facet of the working landscape for three-plus decades—quickly became the default construct for businesses and nonprofits alike in 2020. In short order, leaders across the nonprofit sector learned that remote work was not only possible but also practical at a fantastic scale. Experience corroborated what the research indicated—many people … Continued
Fraud Risk: Every Nonprofit Mission is Exposed
by Whitney Claire Thomey The US Internal Revenue Service and international organizations have teamed up to call attention to Charity Fraud Awareness Week, which takes place in October. Fraud awareness and prevention are top concerns for nonprofit leaders. What’s more, with the explosion of cybercrimes, this is a risk that affects all nonprofits no matter … Continued
Perfect is the Mortal Enemy of the Good: Why Minimum Viable Risk Practices are Perfect
By Melanie Lockwood Herman Seasoned hiring managers and interviewers often listen carefully for an interviewee’s response that acts as a red flag waving “don’t hire this person!” For me, it’s a statement like this: “I’m a perfectionist,” or “My biggest weakness is that I don’t want to stop working on something until I get it … Continued
Risk and Resilience: The Board’s Role
By Melanie Lockwood Herman Recently we’ve been fielding a variety of questions about the board’s risk role. Across the board, members of nonprofit governing teams want to support the missions they admire. Board members want to help an organization: 1. weather future disruptions (think COVID-19), 2. bolster resilience, and 3. prepare to survive and thrive … Continued
Practical Tips to Inspire Board Risk Leadership
The board of a nonprofit has ultimate legal and moral responsibility for the organization’s health and well-being. To protect an organization’s mission, reputation and assets, the board must provide thoughtful risk oversight. Join NRMC for this webinar exploring how to inspire your board to embrace and live up to its fiduciary roles, including responsibility for … Continued
Managing Resumption Risks
June 24, 2020 To manage compliance and legal risks related to reopening offices, consider these 3 core values and 4 action items. Resumption Values Unbiased Many organizations were forced to furlough or lay off employees during the initial phases of the pandemic. Decisions about which employees will be invited to return or be rehired exposes … Continued