Board Recruitment & Rising Expectations

Non-Profit Quarterly recently hosted a webinar to present “The Completely Revised Guide to Great Board Recruitment.” If you have been following recent conversations about the role of non-profit boards, you will be aware that there is a greater focus on transparency and an increased expectation that boards fulfill their responsibility for good governance. A point that presenter Anasuya Sengupta raises is that legality can be a low bar for ethics and risk aversion and compliance ...

Most Favored Nation

Most Favored Nation (or Give It To Them, Gotta Give It To Me, Too)

In international trade, having a most favored nation agreement means that your country will receive trade terms on par with the most favorable terms offered to another country. When it comes to performing arts the term is applied in a similar manner. The term Most Favored Nation (MFN) appears most frequently in connection with performance rights for songs. Entertainment lawyer Gordon Firemark recently posted a video on the subject: “When you see that a deal ...

Legal

1 comment

Read More

Never Accept The Treasurer’s Report

With all the recent emphasis about the responsibility of a non-profit board to practice good governance and oversight it may come as a surprise to learn that refraining from approving the treasurer’s report on the financial status of the organization is the most responsible course. During a board meeting there are a lot of items on the agenda upon which members will make motions to accept and vote on, but the treasurer’s report should not ...

Read More