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Basic Board Governance
Canada
เข้าร่วมเมื่อ 14 ก.พ. 2020
Role of the Board: Representation
The board often represents the interests of shareholders or stakeholders, balancing their needs with the organization’s objectives. A lot of talk about this area lately. Should the board be concerned with the current shareholders or be thinking in a more sustainable way about the shareholders of the future?
In the past corporations have focused entirely on making money for the shareholders in the short term and have given no consideration to how their actions have damaged the environment. Those days are coming to an end as it is the board’s role to think about the stakeholders of the future, not just today’s stakeholders.
In the past corporations have focused entirely on making money for the shareholders in the short term and have given no consideration to how their actions have damaged the environment. Those days are coming to an end as it is the board’s role to think about the stakeholders of the future, not just today’s stakeholders.
มุมมอง: 2
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Role of the Board: Policy Making
มุมมอง 419 ชั่วโมงที่ผ่านมา
I talk a lot about the duties of the board, but not as much about the role of the board and there are differences. So, I am focused on talking about roles. Directors develop and approve key policies that govern the organization’s operations and behavior. Policies are set by the board. We could talk about policies forever, I have lots to say about that. Every organization needs a set of policies...
Role of the Board: Accountability
มุมมอง 619 ชั่วโมงที่ผ่านมา
I talk a lot about the duties of the board, but not as much about the role of the board and there are differences. So, I am focused on talking about roles. An organization is not a real person, so someone has to be responsible for that organization. That someone is the board of directors. The board is accountable for the organization's performance, acting in the best interests of stakeholders. ...
Role of the Board: Strategic Direction
มุมมอง 1119 ชั่วโมงที่ผ่านมา
I talk a lot about the duties of the board, but not as much about the role of the board and there are differences. So, I am focused on talking about roles. Directors set the long-term vision and strategic goals of the organization and management does the implementation. There is a difference in these roles and sometimes we struggle to find the balance between what the board wants to do and mana...
Role of the Board: Governance
มุมมอง 6วันที่ผ่านมา
I talk a lot about the duties of the board, but not as much about the role of the board. There are differences, so I will be focusing on talking about roles the next few weeks. The first role is governance. The board provides the overall oversight of the organization, ensuring it operates in accordance with its mission and strategic objectives. Governance is a catchall term. If an organization ...
Duty of Loyalty
มุมมอง 721 วันที่ผ่านมา
The duty of loyalty means that whenever you are talking about the organization you are saying positive things. You don’t tell anyone if you did not agree with a decision that was made. Once a decision is made you have a duty to work towards achieving the goal. For example, maybe you were opposed to having a parade, but once the board votes in favour of the parade you are working towards making ...
Fiduciary Duty
มุมมอง 328 วันที่ผ่านมา
I have a new book coming out which focuses on how board members can discharge their duties. Recently I talked about the duty of care and the duty of skill. This week I am talking about fiduciary duty. Fiduciary duty refers to the obligation that a board has to manage the money entrusted to them in the most responsible way possible. In the not-for-profit sector the board is entrusted with money ...
Duty of Skill
มุมมอง 328 วันที่ผ่านมา
I have a new book coming out which focuses on how board members can discharge their duties. Last time I talked about the duty of care. This time I am talking about the duty of skill. Every board needs to have a range of skills available for decision making purposes. A board is a group of people, so we get a variety of life experiences and knowledge, rather than just having one person make these...
Duty of Care
มุมมอง 5หลายเดือนก่อน
I am talking about board duties this month. I have a new book coming out which focuses on how board members can discharge their duties. In order to satisfy the duty of care the board has to have done what a reasonable person would have done in each situation. If the board has not done what a reasonable person would have done, then the board is negligent. Board members should take care to consid...
Does Your Organization Have a Climate Plan?
มุมมอง 4หลายเดือนก่อน
We have gone from talking about climate change to calling it a climate crisis. The next step apparently is climate breakdown, I have been told. As a part of risk assessment each board should be considering the impact of the climate crisis on current operations and considering what they will be doing when the impact of the climate gets to climate breakdown. This is called a climate plan, or a cl...
Does Your Organization Have a Carbon Budget?
มุมมอง 112 หลายเดือนก่อน
A question for the future, perhaps, unless you are a large multinational corporation. Does your organization know how much carbon they are emitting? What is your carbon footprint? Is it possible that a customer is going to ask you at some point how much carbon is being emitted by your organization? Large organizations are looking at their supply chains and asking suppliers to give them this inf...
We are Living in a Multi Stakeholder World
มุมมอง 82 หลายเดือนก่อน
I often say that a business exists to make money and their primary responsibility is to the shareholders. Increasingly, we are talking about ESG - environment, social and governance, and the conversation is about a multi stakeholder world. Can an organization focus only on shareholder returns in a world where the climate crisis is dominating the headlines? The current shareholders are one of th...
Are All Your Policies Written Down?
มุมมอง 193 หลายเดือนก่อน
Arguments about polices are a common occurrence. If we are arguing about policies which are not documented then we are really wasting our time. We are in a “she said she said” situation. It is not a policy if it is not written down. Saying something like, “this is how we do things”, does not make it a policy. It is possible that what you think of as a policy is actually a tradition or a habit, ...
Do You Need a Policy?
มุมมอง 53 หลายเดือนก่อน
When do we need a policy? We need a policy when we want to make sure the organization makes the same decision every time we are faced with the same set of facts. We need a policy when we want to explain to others what we want them to do in a specific situation. For example, do you want people to arrive on time for your meetings? If so, then you could establish a policy that the meeting starts o...
Risks Assessment
มุมมอง 104 หลายเดือนก่อน
Has your group done a risk assessment? This is a process where the board takes some time to think about the risks - the things that could go wrong. Make a list of all the risks and then decide how likely each of the risks are to actually take place. You have identified and evaluated the risks. Next step is treatment. The group can make the decision about each risk. Decide whether they want to g...
Why Your Group Should Register Under the Societies Act
มุมมอง 74 หลายเดือนก่อน
Why Your Group Should Register Under the Societies Act
No Quorum? What Does That Mean About the Health of Your Organization?
มุมมอง 95 หลายเดือนก่อน
No Quorum? What Does That Mean About the Health of Your Organization?
Does Your Chairperson Need Some Training?
มุมมอง 286 หลายเดือนก่อน
Does Your Chairperson Need Some Training?
Conflict of Interest Examples Part 8 - Your Real Policy is the One you Enforce
มุมมอง 196 หลายเดือนก่อน
Conflict of Interest Examples Part 8 - Your Real Policy is the One you Enforce
Conflict of Interest Examples Part 7 - Still in Conflict When You Resign
มุมมอง 116 หลายเดือนก่อน
Conflict of Interest Examples Part 7 - Still in Conflict When You Resign
Conflict of Interest Examples Part 6 - Purchasing from a Family Member of a Board Member
มุมมอง 117 หลายเดือนก่อน
Conflict of Interest Examples Part 6 - Purchasing from a Family Member of a Board Member
Conflict of Interest Examples Part 5 - Define What Family Means
มุมมอง 207 หลายเดือนก่อน
Conflict of Interest Examples Part 5 - Define What Family Means
Conflict of Interest Examples Part 4 - Hiring a Family Member as an Employee
มุมมอง 327 หลายเดือนก่อน
Conflict of Interest Examples Part 4 - Hiring a Family Member as an Employee
Exactly!! As a general rule: Never make a policy or law that you cannot or will not enforce.
Organizations that have been in existence for many decades will find that their set of bylaws will be scattered, both literally and figuratively. Good practice in this situation is to do a complete review and rewrite of the bylaws to bring them up to date. In some cases, this could also include creating a special repository so that the bylaws are always available to the board.