Archive | Governance

Age Limits For Your Board

I have talked before about term limits, which is the amount of time that a board member is allowed to serve on a board. The usual best practice is three terms of three years each. Many boards have term limits. What about age limits?  Presumably each group has a default minimum age limit of 18 […]

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Conflict of Interest and Holiday Gifts

Does your board have any policies about accepting gifts from clients, suppliers or others? Would now be a good time to remind everyone what the rules are?   Do you have clients who drop off chocolates or flowers? Many groups have a policy that these gifts are left in the kitchen and available to everyone, rather […]

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Holiday Policies For Your Organization

Governance applies to everything. I say this all the time. With the December holidays coming up quickly, now is the time to review your holiday policies. Does your organization have any specific holiday policies? Do you need to have people available to work during the holidays? Do you keep track of who did it last […]

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Defining Conflict of Interest

The term conflict of interest is used to explain a situation where a board member is participating in making a decision in which there is a possibility that the board member will receive some personal benefit. The above definition explains the issue without using the words conflict or interest in the definition. This is a […]

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Painless Financial Training Group Inc. with Debi Peverill

Understand Financial Stuff, Painlessly