Study conducted with the World Environment Center and leading companies.
Alice Korngold, President and CEO of Korngold Consulting, and author of two highly acclaimed books on board governance, service, and global problem-solving, releases a new study evaluating the leadership development value of nonprofit board service. The study also shows how companies can enhance nonprofit board-matching services for their employees.
August 21, 2017 /3BL Media/ - Voya Financial, Inc. (NYSE: VOYA), announced today that Paul Gennaro, senior vice president of Brand and Corporate Communications, and chief communications officer (CCO), has been appointed to the board of directors of the US Business Leadership Network (USBLN). USBLN is a national nonprofit that helps the business community drive performance by leveraging disability inclusion in the workplace, supply chain and marketplace.
November 21, 2016 /3BL Media/ - Is your company considering nonprofit board service in its philanthropy or leadership development programs? While many C-Suite and emerging leaders are eager to take action and volunteer their time, they may want to be better-prepared to address the legal, fiduciary, and fundraising responsibilities that come with nonprofit board leadership.
At Taproot Foundation, we know connecting talented professionals with opportunities for pro bono and board service can dramatically change the game for nonprofits working to improve society.
Nearly two million nonprofit board seats need to be filled annually. The good news is that professionals want to join these boards. A recent research project Taproot led, in conjunction with BoardSource, found that 87% of human resources professionals and 92% of marketing professionals are interested in board service but far fewer actually serve.
For over two decades, I’ve had the honor and privilege of guiding hundreds of business executives and professionals in choosing the nonprofit boards on which they’ll serve. Each candidate experiences a personal journey exploring regional, national and perhaps global organizations, sorting through a plethora of causes and considering nonprofits that are at vastly different stages--from start-up enterprises to century-old institutions.
When making their final choice, here are the seven considerations board candidates tend to take most seriously:
Through service on nonprofit boards, business people from Fortune 500 companies bring valuable experience and expertise to bear in helping nonprofits to achieve their vital missions. A highly effective board will fulfill its work in partnership with the head of the nonprofit organization by envisioning the organization’s greater potential, creating the revenue model and maximizing financial success, and ensuring the organization’s integrity and high-impact results.
Financial challenges facing nonprofits are driving organizational mergers and closings. Because the role of the nonprofit board is to ensure that the organization’s assets are used for designated purposes, the board must be thoughtful in deciding if and when a nonprofit is no longer viable, and then exploring options for the future. There are valuable leadership lessons to be learned from boards that have undertaken the serious responsibility of merging or closing a nonprofit.