What's The Board Got To Do With It?: The Vital Link Between Good Governance And Risk Management

Topics:
Corporate Governance,
Risk Analysis and Management
Tags:
Board,
Security,
Risk Management,
Nonprofit Risk Management Center,
Nonprofit,
Management,
Financial Services,
Financial Planning,
Finance,
Corporate Law,
...
Source:
Nonprofit Risk Management Center

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Overview: If a Risk Management Committee does not currently exist, determine whether there is an existing committee that could be re-purposed or broadened to take on risk management issues, or whether it makes more sense to create a separate committee for this purpose. The legal structure and operation of a nonprofit affects the possibility of suffering a loss or achieving a gain. Disregard for the organization's mission or not following the bylaws can have negative consequences. When asked about the adequacy of their nonprofit's insurance coverage, some board members report that they have received assurances from the organization's broker that the coverage meets the nonprofit's needs.

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Format: HTML | Date: Jan 2008 | Pages: 4

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