Top 5 Governance Challenges and Solutions for 2018
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The board serves as the steward of the organization’s mission, with trustees serving as the stakeholders’ representatives. Ultimately, this broad set of responsibilities can lead to challenges. A commitment to using the best practices around good governance can improve board leadership, benefiting the organization’s stakeholders. In this session we will dive into the top 5 nonprofit governance challenges for 2018 and how to solve for them. Watch the webinar: https://www.boardeffect.com/webinar-top-5-governance-challenges-solutions-2018/
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Top 5 Governance Challenges and Solutions for 2018
- 1. Governance for Lunch Webinar Series 2018 Governance for Lunch Webinar Series 2018 2018 Top 5 Governance Challenges & Solutions January 24, 2018 12:00-12:45 PM EST
- 2. Governance for Lunch Webinar Series 20182 Housekeeping Webinar lasts 45 minutes Session is being recorded (phone lines are muted) Slides/recording will be emailed to you Send us your questions via Q&A or Chat in GoToWebinar Please complete the post- webinar survey – we’ll send you the link
- 3. Governance for Lunch Webinar Series 2018 Governance for Lunch Webinar Series 2018 Welcome: Wendy Deming, COO/Corporate Secretary, GCCF
- 4. Governance for Lunch Webinar Series 20184 VP/Governance Technology Evangelist Dottie Schindlinger Member of BoardEffect’s founding team 20+ years in governance roles Frequent governance presenter: Independent Sector, ASAE, LeadingAge, AHA, CUES, and AGB Author, media commentator, blog contributor for Forbes, WSJ, Corporate Board Member, Trustee, Trusteeship & more
- 5. Governance for Lunch Webinar Series 2018 Top 5 Governance Challenges 5 1 Implementing Best Practices 2 Building Board Diversity 3 Leveraging Social Media 4 “Refreshing” the Board 5 Using Tech Effectively
- 6. Governance for Lunch Webinar Series 2018 Understanding roles & “swim lanes” Being a responsible fiduciary (& fundraising) Supporting the ED by offering context/insight Leveraging personal/professional networks Serving as an “evangelist” for the mission Ensuring responsible growth Fostering accountability & transparency 6 What Are Some Best Practices?1
- 7. Governance for Lunch Webinar Series 2018 Board of Trustees Fiduciary & advisory role, shapes strategy, provides context, frames issues, sets the tone, hires/supports/evaluates the ED Administration ED, management/operations, enacts the strategy, evaluates results, reports to the board & keeps them informed Community Stakeholders, provide cultural context, input & feedback to inform the mission, reflect/evaluate the outcomes 7 What Do Best Practices in Governance Look Like? Shared Governance Engagement is viewed as a strategic resource to be cultivated. Board, staff and community feel shared responsibility for the mission, and mutual trust. 1
- 8. Governance for Lunch Webinar Series 20188 Marathon, not a sprint Patience, and persistence Learn, and apply immediately
- 9. Governance for Lunch Webinar Series 2018 Board Members who are Caucasian Chief Executives who are Caucasian Board Members who are Male 9 Current State of Board Diversity 84% 90% 52% 57% Board Members aged 50+ years 2 Data from BoardSource’s “2017 Leading With Intent” Report
- 10. Governance for Lunch Webinar Series 201810 Take a Fresh Look at Diversity
- 11. Governance for Lunch Webinar Series 2018 Leveraging Social Media Embrace the potential, overcome the fear Provide coaching for the board Get expert counsel Don’t cringe, lean in Think “community engagement” Set policies and be willing to adapt 11 3
- 12. Governance for Lunch Webinar Series 2018 Use a secure, online, anonymous process Have peers rate everyone (including themselves) Board chair 1-on-1 meetings with those that get low marks 12 Board Refreshment Strategies4
- 13. Governance for Lunch Webinar Series 201813 Leverage Tech Tools Wisely Identify Needs: – State your goals – find alignment – Review options on the market – Cost/benefit analysis Clarify the role & process – Who is the “champion”? Who will manage the system? – Consider training, upgrades, ongoing support, wrap-around services 5
- 14. Governance for Lunch Webinar Series 201814 For quick reference… Download the full whitepaper “Top 5 Governance Challenges & Solutions,” by SmartBrief boardeffect.com/top-governance-challenges- solutions/
- 15. Governance for Lunch Webinar Series 2018 Governance for Lunch Webinar Series 2018 Q&A – What’s On Your Mind?
- 16. Governance for Lunch Webinar Series 2018 Contact Me! 16 @GovTechGeek linkedin.com/in/dschindlinger slideshare.net/BoardEffect boardeffect.com/blog
- 17. Governance for Lunch Webinar Series 201817 (866) 672-2666 info@boardeffect.com Boardeffect.com 1515 N. Courthouse Road, Suite 210 Arlington, VA 22201 US Contact Us
- 18. Governance for Lunch Webinar Series 2018 Governance for Lunch Webinar Series 2018 Thank you!
Editor's Notes
- SOLUTION: “Remember that educating board members on best practices is a marathon, not a sprint,” Schindlinger says. “Be patient and persistent.” Provide board members with information on best practices and then have people take turns presenting one new concept or practice at each meeting. “We all learn best when we have to use new information right away, so asking board members to take responsibility for the ‘teaching’ role will help the new practices stick,” she says. Board management software can help funnel information such as articles, links to online resources, briefing books, planning calendars and mission documents to board members. Having everything online in a central, organized repository allows trustees to learn at their own pace and helps members stay focused on board development goals.
- SOLUTION: Take a fresh look at diversity; it’s not about “tokenism” demographics. The board should not ONLY focus on mirroring the demographics of the community it represents. “Organizations first need to determine the skills and expertise they need on the board — for example, finance, fundraising or advocacy — and then find diverse candidates with those skills,” says Schindlinger. Technology can help create a profile of the skill sets that current board members have. Some board management software allows organizations to create detailed profiles of each board member, including information about the members’ terms of office, skills, demographics and affiliations. The profiles can be kept confidential but still allow the board to create a high-level board composition matrix. The matrix makes it easy to spot gaps and enables the nominating committee to develop a more targeted set of criteria for new board candidates. Focusing the search on the skills the board needs — then sharing those “job ads” widely — helps organizations increase diversity of candidates. “It’s better to create a specific job ad for board candidates with the right skill sets — such as finance knowledge — and then share the ad with local professional associations whose members represent the demographics your board seeks,” Schindlinger says.
- An annual PwC survey asks corporate board members if a peer on the board should be removed for any reason. Over the past five years, “yes” responses have hovered around a third. This year, it jumped to half — and Schindlinger bets it would be higher if conducted in the nonprofit space.