September is here. It’s time for renewal and energy for many organizations. Some have done planning over the summer are getting ready to put plans into action. There are so many opportunities, and limited time and resources; it is important to prioritize. The one thing we can all agree on - if the directors are unclear about their roles and responsibilities, it’s time for a professional board orientation. Likewise, if you have no strategic plan, or have previously decided to do some governance reorganization, or a review perhaps it’s time to consider that. You may find some enthusiastic directors or senior staff who wish to veer off course on special projects, however let's refocus their energies on the core board functions and follow the strategic plan.
This month’s newsletter contains a great article on board reorganization, and two informational articles. The first is ensuring your D & O insurance is appropriate, a critical area for all organizations governed by a Board of Directors. The second is another growing trend in our unique sector, the use of an AMC (Association Management and Services Company).
The newsletter concludes with information on the British Columbia Societies Act White Paper including the positive actions by one of British Columbia’s high performing Associations.
Protecting Your Personal Assets: D&O Liability Insurance
By Lee Fulsher
Despite ones commitment to their cause, many Not-For-Profit Directors and Officers are unaware of the legal ramifications of their work and the possibility of being held personally liable. As a Director or Officer of a Not-For-Profit Organization your personal assets are exposed to risk related to your duties and responsibilities.
The basic responsibility of Directors is to represent the interest of the organization, their members and their constituencies in directing the affairs of the organization. There are three (3) basic duties:
Diligence: to act reasonably, prudently, in good faith and with a view to the best interests of the organizations and its members
Lee Fulsher, BA, CAIB
What is an Association Management Company or AMC?
By Aila Karpio
Association management companies have been around for a long time. However, they may not all be called AMCs, but for instance administrative support or service providers, or use a generic name like “associates” or “group.” Many meeting and conference management companies also offer association management services to their clients. And there are many freelance administrators who started by working part-time for one not-for-profit, gradually added more clients and grew to an association management company.
An association management company (AMC) is not a B2B firm but a professional service company that specializes in providing management services to associations and other not-for-profits on a fee-for-service basis. An AMC can be a full-service organization supporting a board of directors in running their not-for-profit and implementing their strategic plan. They can also be an organization that offers various support services in a customized program, depending on the society’s needs.
Aila Karpio, CMM
Time to Re-Structure Your Governance?
For a variety of reasons, a growing number of associations are restructuring governance to increase their efficiency. Some association executives and volunteers take the plunge once they realize things aren’t running smoothly as they once did. Others do so as a result of declining membership and decreased revenues.
According to Glen Tecker, there are two signs that it’s time to rethink association structure and governance. The first is a decrease in membership, a financial crisis, or a decline in participation in association activities. The second, says Tecker, “is an impression that the organization is losing it’s energy and attractiveness….Some of that will be anecdotal evidence, such as comments you get from people, or comments you used to get but aren’t getting any longer.”
Terry Clark will be speaking at these upcoming events:
Volunteer Futures 2014 Conference
Strategic Planning for Boards
As many of you know, the British Columbia Government are in the final processes of preparing a new Societies Act. Leading stakeholders have been asked to prepare submissions. A leader in this process has created a task force to provide feedback - the BC Chapter of the Canadian Society of Association Executives CSAE-BC. CSAE provides the environment, knowledge and resources its members need to develop excellence in not-for-profit leadership through education, networking, advocacy, information and research. The focus is to create member value and benefits that in turn contribute to creating a stronger society for Canadians.
Join the conversation on the open LinkedIn group.
Next month’s newsletters articles will feature evaluation. I thought you may enjoy this one…………….
Terry J. Clark CAE, the Founder and President of Real Board Solutions is a results-oriented, not-for-profit professional who has a unique background and skill set that volunteer board members and their staff truly appreciate.
In 2013 the Canadian Society of Association Executives presented Terry with the prestigious ACE Award (Association Cornerstone of Excellence) in the ‘Above and Beyond’ Category.
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