Executive Director Fiduciary Excellence
Join us for this five-week course for boards to dig deep on nonprofit financial best practices, help them avoid pitfalls and permit them toJoin us for this five-week course for boards to dig deep on nonprofit financial best practices, help them avoid pitfalls and permit them to make a strong overall contribution to the organization they serve. We welcome all nonprofit leaders to attend this class, although new executive directors may find it particularly helpful. Most board members, staff leaders, veteran EDs, and aspiring EDs can all learn valuable lessons from it.Week 1: Core roles and duties:-Legal requirements of all board members (quoting TX law)-Legal liability-Horror stories (Family Connections, my mom, etc.)-D&O Insurance-Treasurer role-Chair’s role-Finance Committee role (briefly; more next week)Week 2: Relationship with staff – getting it right; adding value:Board relationship with staff-Executive Director-Accounting and finance staff-Power dynamics and the importance of clear rolesFinance Committee Role-Adding value to the board-Adding value to the staff-Overperforming and underperformingWeek 3: Financial ReportsWhy read the financial reports? Plus, how to read the financial reports-Balance Sheet-Profit and Loss-Materiality (what to worry about and what not to worry about)-Dashboards-Inclusion-Engaging the full board in financial decisionsWeek 4: Fraud prevention, audits; separation of duties-Internal controls-Separation of duties-AuditWeek […]