The Corporate Secretaries International Association recently released a report, “Twenty Practical Steps to Better Corporate Governance.” It struck me that almost all of the steps applied to nonprofit Boards as well. (The Report refers to “corporate” governance, the phrase commonly used for for-profit Boards, which is a misnomer I believe because Boards are required for …
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Business Laws & Ethics
How to File a South Dakota DBA Name Online in 2024
Do you want to understand the ins and outs of DBA registration in South Dakota and take charge of the filing process? We’ve got you covered. In South Dakota, a DBA, or Doing Business As, lets individuals operate under a different name for various purposes like marketing, sales, and legal matters. It’s also known as …
For nearly 30 years the heroic story of Johnson & Johnson quick action to remove Tylenol from the shelves after a deadly tampering incident has been folklore in business circles. So what do we make of the news today that The Food and Drug Administration is considering “additional enforcement actions” that might include criminal penalties …
Over the years, I’ve noticed four common types of “broken” Boards. One of the ways you can recognize them is by the comments that members make. Here’s the types of Boards and what you might hear members saying. 1. Detached Board “Why are you calling me to come to a meeting? What Board are you …
The challenges facing Paul Levy, the embattled CEO of Boston’s Beth Israel Deaconess Medical Center, highlight the issues faced by many leaders: once in hot water, how to start on the road to recovery. The problem is that many leaders don’t appreciate the nature of the ethics risks they face and what is in fact …
Why a Policy for Making Decisions? How often have you heard Board members assert that they’d made a decision, when they really hadn’t — all they had done was talk about a topic for a long while? Or, how often have some Board members or the Executive Director asserted that a decision had been made, …
How involved in management should your board be? Experts often have very strong beliefs and feelings about what should be the extent of involvement of Board members in making top-level policies versus in implementing those policies in the day-to-day affairs of the organization. Those experts usually assert that Board members should attend primarily to the …
When you ask Board members if they’ve been trained, it’s not uncommon that they’ll answer, “Yes”. But many times, they’ll be wrong. Board Orientation Board orientation is about the unique aspects of the organization. It might include introductions and team building among Board members, overviews of the organization’s products and services, celebration of the organization’s …
