1. Articles in category: BoardBlogs

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    1. A Expiration Date on Good Corporate Governance By: Mark Rogers

      A Expiration Date on Good Corporate Governance By: Mark Rogers

      In the opinion of Bank of America, after January 1, 2015, their shareholders and customers are no longer entitled to appropriate standards of good governance.  As part of BofA’s recently announced settlement with its shareholders over the disastrous merger with Merrill Lynch, BofA adopted certain corporate governance best practices. But, there is a catch, BofA only committed to maintaining these reforms through January 1, 2015.   

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      Mentions: Dodd-Frank
    2. Upsetting the Boardroom Culture By: Mark Rogers

      Upsetting the Boardroom Culture By: Mark Rogers

      All boards have a unique dynamic. There is no right or wrong boardroom dynamic - provided that the board is acting at all times in the best interests of their stakeholders, consistent with their fiduciary responsibilities. Nevertheless, for some boards, culture is playing a role in the recruitment process. Boards are now considering the impact that a prospective candidate will have on a specific board's culture before recruiting them for a board seat. 

       

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    3. The Answer to the Boardroom Diversity Problem By: Mark Rogers

      The Answer to the Boardroom Diversity Problem By: Mark Rogers

       According to a recent report from the Women’s Leadership Foundation, women now control more than 80 percent of all household purchases and 27 percent of the world’s wealth (about $20.2 trillion).  Furthermore, the Federal Reserve Board reports that women in the United States control 60 percent of spending and investments worldwide, making them the largest economic force in the world.  So why is it that women make up such a small number of corporate directors?

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    4. Can You Re-Boot Corporate Governance with Technology? By: Mark Rogers

      Can You Re-Boot Corporate Governance with Technology? By: Mark Rogers

      Virtually every aspect of corporate America has been affected by the adoption of new technology. Social networks and collaboration technologies are revolutionizing and changing the way companies are run, products are made, information is shared and the way employees are recruited. There is one aspect of non-profit, private and public companies, however, that has made little-to-no progress when it comes to innovation – and that’s the way corporate boards are recruited and managed.

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    5. CEO Succession- Is Your Board Doing Its Job? By: Ralph Ward

      CEO Succession- Is Your Board Doing Its Job?  By: Ralph Ward

      In late October, the U.S. edition of The Wall Street Journal offered a think piece from a corporate governance leader I much respect, Charles Elson, who heads the Weinberg Center for Corporate Governance at the University of Delaware.  In the essay, Elson examines why it’s usually smarter and more effective (plus cheaper) for companies to seek CEO successors from within the company. While it’s conventional wisdom that companies are better off growing their own CEOs, the Elson article lists the actual benefits of picking an internal successor. 

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    6. The Everyday Board Portal By: Kevin Asuncion

      The Everyday Board Portal By: Kevin Asuncion

      One of the ongoing challenges facing board portal applications is how to stay relevant on the desktops and mobile devices of Board Members, Executives and other governance professionals when they are using a bevy of software solutions to facilitate and augment their daily workflows.  Fighting for shelf space, if you will, is a daunting task for any board portal provider, but there are three key elements that need to be achieved in order to break in to the top five applications that directors and executives will use every day, before, during and after regularly scheduled meetings.

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    7. Following New York’s Lead: Requiring Pro Bono Legal Services for Nonprofits By: Leigh Tucker

      Following New York’s Lead: Requiring Pro Bono Legal Services for Nonprofits By: Leigh Tucker

      New York just became the first state in the US to require law-school graduates to have performed 50 hours of pro bono legal work in order to qualify to practice the law. The work must be performed after the end of the first year of law school and before the bar exam is taken.  Nonprofit organizations look to, along with the poor and various civil rights groups, be the primary recipients of this enforced largesse.

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    8. Lack of Board Oversight Drives Housing Authority Scandals By: Mark Rogers

      Lack of Board Oversight Drives Housing Authority Scandals By: Mark Rogers

      The Boston Globe’s investigation of the ongoing abuses of power within various public housing authorities throughout the state (CLICK HERE) provides demonstrable evidence of the failure of state and federal government to properly oversee an extraordinarily important program.  The blame game associated with these scandals is in full-swing – and certainly, there is plenty of blame to go around.  However, I think there is a clear winner in terms of whose failures is most directly responsible for the magnitude of these scandals – the boards of directors of these public housing authorities.

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    9. Fiduciary Responsibility Training By: Leigh Tucker

      Fiduciary Responsibility Training By: Leigh Tucker

      With so many nonprofits struggling nowadays, why not look at enforced education as a chance to add value to your nonprofit?  Teachers get professional development to maintain their professional certification.  Doctors, nurses and other healthcare professionals also take classes and engage in professional development.  As a CPA, I have to maintain my professional credentials through education.  Each and every board member has a fiduciary responsibility to understand the financial information they receive and make decisions for an organization based on this information.

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