The powers and duties of directors were the focus of some earlier posts, however these make quite narrow use of the concept of ‘power’ – which has many forms and applications. My previous post dealt with powers legally (and therefore legitimately) afforded non-profit boards and directors, and made reference to those powers being distinctly different… Continue reading Organisational power
Non-profit directors’ ‘powers and duties’ are comparable to the ‘rights and responsibilities’ we all hold as citizens. The two concepts are therefore aspects of one orientation or disposition, and just as rights should not be isolated from responsibilities, power should always be considered as only one side of the coin called ‘power and duties’ (as… Continue reading NFP powers and duties – inseparable
‘Self interest’ and ‘vested interests’ are central to governance of conflict of interest within non-profit organisations. Boards elected by members of a profession or industry rightly see their role as addressing member needs – often with a focus on members’ economic success or survival. While the conflict (or perception of conflict) between a director’s personal… Continue reading Between Altruism and Greed
(Part 2 – ‘Duty of Care, Skill and Diligence’ series) The term ‘due diligence’ is most often used to describe a detailed appraisal of a business undertaken by a prospective buyer, with a key focus on confirming its assets and liabilities and evaluating its commercial prospects. In the context of non-profit directorial duties however, its… Continue reading Giving ‘diligence’ its due
(Part 1 – ‘Duty of Care, Skill and Diligence’ series) There are four main duties of Australian directors, all of which apply whether they are members of commercial or not-for-profit boards. As illustrated in the header image above, these are the: Duty to act with reasonable care, skill and diligence Duty to act in good… Continue reading Caring about the ‘duty of care’
The not-for-profit sector is facing the same existential questions as the corporate sector at present due to COVID-19. Association members are wondering whether they will have jobs or businesses that they can keep viable, and so renewal of membership subscriptions is not necessarily a priority right now, while attendance at conferences and educational events is… Continue reading The solvency question: Should we continue to exist?