I have a soon to be world famous acronym for helping board members make decisions. Today’s recommendation is about the second P in ADAPPT which stands for Prudence.
Prudence Is the decision you are making prudent and based on the best interest of the organization? In the event that you are a for-profit board, then this is not as crucial. Non-profit boards are making decisions about funds that are not their own, so prudence is a necessary characteristic of every decision.