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December 2, 2016
Resource Type: Articles
Calculated Risk: Good Surprise, Bad Surprise: The Law of Unintended Consequences
When my son was just learning how to run, he often took a tumble. Occasionally, he would fall down a bit hard and though he wasn't really hurt, the shock and the injustice of the accident would bring him to...
Topics: General
December 2, 2016
Resource Type: Articles
Calculated Risk: Fear of Excellence
"When one makes a journey, one has stories to tell." — German Proverb) Think globalization is a new concept? Think again. This summer my journey of a thousand miles began with a single step — on to a Washington, D.C....
December 2, 2016
Resource Type: Articles
Broken Promises, Shattered Trust
Preventing and Responding to Fraud and Misuse of Assets in a Nonprofit Organization During the recent 39th annual Risk and Insurance Management Society (RIMS) annual conference held April 29-May 3rd in Atlanta, GA, a panel-style workshop on the topic of...
Topics: Fraud and Financial Oversight
December 2, 2016
Resource Type: Articles
Abuse Coverage Isn’t as Elusive as a Needle in a Haystack, but It Will Cost You
Hardening market conditions cause nonprofit risk managers to lose sleep and patience after receiving nonrenewal letters, notices of changes in the terms and conditions of coverage, and word from weary brokers and agents explaining that the same or less coverage...
Topics: Insurance and Risk Financing
December 2, 2016
Resource Type: Articles
“Let’s Work Together” – The Sweet Sounds of a Board-CEO Partnership
On paper nonprofit boards and CEOs are required to work together. Typical CEO position descriptions include items such as: Keeping the board apprised of issues impacting the nonprofit's mission and necessary to govern, Reporting to the board at regular meetings...
Topics: Governance
December 2, 2016
Resource Type: Articles
A Violation of Trust: Fraud Risk in Nonprofit Organizations
The risk of fraud is a serious concern for all types of enterprises, but fraud can be particularly damaging to a nonprofit organization, for which a damaged reputation can have devastating consequences. The Costs of Fraud in Nonprofit Organizations According...
Topics: Fraud and Financial Oversight
December 2, 2016
Resource Type: Articles
A Golden Opportunity
The age distribution of the American public is changing. Healthier lifestyles and medical innovations have increased the longevity of the American population. Our citizenry now includes not only higher percentages of senior Americans, but greater numbers of elderly members who...
December 2, 2016
Resource Type: Articles
Blogs Are Here to Stay
It’s time to update your policies Attendees at the 2007 Summit for the Nonprofit Sector in Winston-Salem heard a lot about the Internet and cyber-safety from plenary session speaker and national syndicated columnist Larry Magid as well as the Center’s...
December 2, 2016
Resource Type: Articles
Big Bucks or Big To Do About Nothing: CEO Compensation in the Spotlight
Published stories about salaries paid to nonprofit CEOs often include scathing comments from individuals who take offense at what they regard as too-rich pay for charity leaders. And it’s not only donors, journalists and casual onlookers who take offense to...
December 2, 2016
Resource Type: Articles
Beyond the Bend in the Road
The Nonprofit Risk Management Center Offers Predictions for the Year Ahead Never content to live in the present, we humans are always either looking ahead or looking back. The excitement surrounding the dawn of a new century seems to have...
Topics: Insurance and Risk Financing