Resource Results for "Governance Risk"
What Is a Risk Management Plan?
During the past two years the Nonprofit Risk Management Center has been engaged in a process of defining what it means to create a risk management plan. While that exercise could have been both interesting and insightful for its own sake, our motivation was the need to create a software tool that helps nonprofit leaders … Continued
Risk Management Resolutions
By Melanie Lockwood Herman Although the first month of your New Year is history and no doubt you have already made progress on many of your annual resolutions, we’d like to suggest three really important ones from a risk management standpoint. Unlike a resolution such as jogging 10 miles that can be painful to achieve … Continued
Managing Risk in Turbulent Times
Mix equal measures of optimism and resolve and bake until golden By Melanie Lockwood Herman I’ve been told that I am an incurable optimist. No matter where I stand or sit, I can’t help thinking that tomorrow is a fount of wonderful possibilities. I’ll admit that there have been a few moments in the last decade … Continued
Professional Liability and Governance Exposures: A Closer Look
Professional Liability and Governance Exposures: A Closer Look By Pamela Davis Of the myriad of exposures encountered by nonprofit organizations, two are frequently unappreciated and confused: exposures resulting from the consequences of corporate governance and exposures resulting from errors and omissions associated with the delivery of professional and paraprofessional services. The coverage forms that have … Continued
Is Your Board an Asset, or a Liability?
By Melanie Lockwood Herman This week I’ve been reflecting on the role of a nonprofit board in risk management. A nonprofit board is: A line of defense, a powerful radar system that can help detect incoming opportunities as well as threats A vision magnifier, a diverse board helps the management team see far beyond the … Continued
Board Development: Surf the Board Talent Pipeline
By Melanie Lockwood Herman We asked RISK eNews readers to weigh in on the top governance-related risks and challenges facing their organizations. Thank you to everyone who responded to our governance risk survey! With 67% of respondents ranking the issue as a #1 or #2 concern, the top board-related risk and worry was: “inadequate pipeline for … Continued
House of Sand or Foundation of Stone: The Board of Directors/Trustees
The first webinar of 2010 will examine methods for evaluating and addressing governance risks. The program will examine a wide range of topics including the composition of the board and best practices for empowering the board to discharge its legal responsibilities.
What’s the Board Got to Do With it?
What’s the Board Got to Do With it? The Vital Link Between Good Governance and Risk Management By Melanie Lockwood Herman During my trip to Australia this summer I was surprised and delighted to see that risk management tops the list of key agenda items for a typical nonprofit board. At a conference for board … Continued
NRMC’s 2023 in Review
By Rachel Sams Nonprofits faced lots of opportunities and challenges in 2023, and NRMC helped them navigate that landscape of struggles and joys. More than thirty years after its founding, NRMC remains proud to empower and inspire effective risk management across the nonprofit sector. We’re here to help nonprofits embrace mission-advancing risks and build greater … Continued
If Board Meetings Don’t Change You, You’re Doing It Wrong
By Melanie Lockwood Herman Last week I found myself engrossed in my first read of a new year: The Power of Giving Away Power. Author Matthew Barzun offers a compelling, fresh look at a concept I’ve come to understand as servant leadership: recognizing that being someone’s boss is a privilege that affords the opportunity to … Continued