Resources

Risk Leadership Resources for Nonprofit Risk Champions

November 30, 2017 Explore this RISK eNewsletter filled with risk leadership resources What Star Trek Taught Me about Risk Leadership There’s not exactly a Starfleet Academy for nonprofit risk professionals, like in the beloved television and film series, Star Trek. So how will you know when you reach the status of a commissioned officer, ready … Continued

Boards on Board: Managing Governance Risk

Volunteer boards are vital partners at all nonprofit organizations. An important aspect of any board’s role is to safeguard the mission and assets of the organization. Join Melanie Lockwood Herman, executive director at the Nonprofit Risk Management Center, as she shares strategies to help streamline risk management and compliance at the board level. Watch this … Continued

Lessons from a Risk Appetite Exercise (Risk Leadership Certificate Program)

By Erin Gloeckner The inaugural 2017 Risk Leadership Certificate Program (RLCP) is complete and the NRMC team plans to continue sharing updates and insights from this intensive risk leadership training program in the weeks ahead. One topic that our cohort explored during our final weekend together was risk appetite. As a UK-based financial institution defined … Continued

Risk Oversight

This webinar explores the topic of risk oversight and the board. Learn what the term risk oversight” means, and how risk oversight intersects with the board’s legal and fiduciary responsibilities. Join us as we take a close-up look at several risk oversight frameworks, and explore how to custom fit a risk oversight capability to your … Continued

Risk Aware Boards

This webinar explores the topic of governance risk. What risks arise from the work of board? How does the responsibility of a nonprofit board differ from that of a for-profit board? What steps are recommended to engage the board without frightening members and encouraging risk-averse positions or policies? By the end of this webinar you’ll … Continued

Calibrating Your Nonprofit’s Risk Appetite: Candid Conversations at the Board Table

Many nonprofit leaders report a sense of being either risk takers” or “risk averse.” Yet it is unusual for the entire leadership team to share the same level of comfort with highly uncertain outcomes. This webinar will explore the concept of “risk appetite” in a nonprofit organization. Topics to be discussed include: how to engage … Continued

Risk Oversight: Who, What and How

Who’s “minding the store” in your risk management program? Although many nonprofit leaders intuitively understand the need for risk oversight, designing a custom-fit framework takes time and attention. This webinar will explore the concept of risk oversight, including who exercises ultimate authority and responsibility for risk in a nonprofit, what methods of oversight work well … Continued

Conflicts of Interest: Uncover, Understand and Act

There are just two types of nonprofits: the type that chooses to manage conflicts of interest and the type that chooses to ignore them. Attend this webinar to gain a nuanced and practical view about conflicts of interest in a nonprofit organization. Join us to learn how to develop a fit-to-suit approach to revealing and … Continued

Developing and Managing Conflict of Interest Policies

The best way to manage conflicts of interest is before they land your nonprofit on the front page of the local newspaper. A well constructed, clearly written conflict of interest policy, familiar to board and staff, can protect the organization and the volunteers who provide leadership. Watch this Webinar if your organization is in the … Continued

Reviewing Financial Transactions: Board and Staff Roles in Internal Controls and Audit Functions

New accounting standards underscore the board’s overarching fiduciary duty to be familiar with and ensure the protection of, financial resources. This Webinar reviews basic internal control procedures that divide responsibilities clearly between the board and the staff to create a series of checks and balances that reduces the possibility of fraud, theft and other mismanagement … Continued

Engaging the Board in Forecasting and Managing Risk

Ideally, you want managing risk to be second nature to your board and senior managers. Sign on for this 1-hour online program and then point the board towards an enlightened understanding of risk and risk taking. Learn how to keep the board fully apprised of your agency’s risks without causing undue concern or worry. Watch … Continued

Outdated or Poorly Written Governing Documents: What Are the Risks and What Can You Do?

Bylaws, board minutes, codes of conduct, and other governance policies need to be clearly written and reflect how your nonprofit operates or they are of little value in protecting the organization. Their purpose is to provide commonality of behavior, which gives direction to the leadership and protection by intent in the event of a dispute, … Continued

The Board’s Role in Risk Management

Risk is inherent in nonprofit organizations as in every other sector of the economy. One of the roles of the board is to ensure the systematic identification of the risks that threaten the mission and survival of a nonprofit organization. What is the board’s responsibility for risk management and how can board members discharge this … Continued

Term Limits are a Convenient Crutch

By Melanie Lockwood Herman During the last three weeks I’ve attended three board meetings and joined several board committee conference calls. These meetings have reminded me of the wonderful benefits—as well as the significant time commitment—associated with serving on boards. The friendships I’ve formed and governance lessons I’ve learned have been priceless. But from time … Continued

Risk Oversight: Who Dunnit?

By Erin Gloeckner When I first heard the term risk oversight, I imagined a risk manager following clues in a deerstalker hat like Sherlock Holmes. I thought risk oversight meant chasing down the villain who allowed the risk to materialize. But risk oversight is not about blaming people when downside risks materialize. Those responsible for … Continued

Avoid Transition Trauma with a CEO Succession Plan

by Melanie Lockwood Herman and Erin Gloeckner CEO succession planning can be a touchy subject. Members of a nonprofit board may fear the risk of insulting a CEO by suggesting the topic as an agenda item. Some CEOs may feel disinclined to raise the subject because it could send mixed signals about their intent to … Continued