Board Effect

SEPTEMBER 25, 2019

Managing nonprofit organizations with effective governance means running a nonprofit well. Good governance is a huge asset in ensuring that the board is performing at its optimal level, which will lead to good performance by the organization. The Five Keys to Governing and Managing Nonprofit Organizations Effectively.

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Board Effect

JULY 19, 2023

Governance technology is an essential step toward the digital transformation of your board and organization. Here is why you should use governance technology to increase efficiency for your community bank or credit union board. Using governance technology is a key enabler for that goal.

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Board Effect

AUGUST 24, 2023

In this article, we explore how your organization can build a cybersecurity risk management framework based on best practices to ensure you are protecting sensitive data, safeguarding board members and other stakeholders, and mitigating risk while maintaining donor trust — as well as your own reputation.

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Board Effect

SEPTEMBER 27, 2023

As fires, school shootings, and public scandals at colleges and universities hit the headlines, risk management for higher education is taking center stage for boards. Potential legislation targeting campus safety is also putting added pressure on higher education boards, motivating them to focus more intently on risk management.

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Board Effect

MARCH 31, 2023

Nonprofits rely heavily on mobile and digital technologies to manage and fulfill their missions. Collecting and managing data has always been an essential part of delivering nonprofit services and activities, but the last decade has seen an increased reliance on technology to facilitate.

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Government Technical Review Technology Security 52

Board Effect

JULY 21, 2022

In past decades, credit unions and other financial corporations relied heavily on forecasts and projections to manage their daily operations. Boards and managers of credit unions must take risks from all sources into consideration when pursuing strategic planning. Why Credit Unions Need to Understand Risk Management.

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Board Effect

MAY 5, 2023

Here are some of the significant risks and costs you may face: Risks That Can Result in Costs There are a number of risks from not using a board management solution that can prove costly to your nonprofit: 1. As Warren Buffett said, “It takes 20 years to build a reputation and five minutes to ruin it.”

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Software Review Cost Software Government 93

Board Effect

MARCH 1, 2021

The growth of nonprofits, along with concern over how they’re being governed has prompted greater scrutiny over charitable organizations in general. Nonprofit boards face plenty of risks when they don’t have a full grasp on what’s required of them in the areas of governance and compliance.

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Board Effect

OCTOBER 14, 2019

Decisions, decisions — they’re part of governance, leadership, and life. As we’ve discussed in recent blogs and our recent conference, how a board works is just as important as whatever work it does. Modern governance makes that easier. In fact, effective decision-making is a key indicator of board effectiveness.

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Government Software Review Technical Review Leadership 55

Board Effect

JANUARY 25, 2024

Diligent and BoardEffect have written extensively about artificial intelligence (AI) over the years, from how nonprofit organizations can benefit to expert tips for AI implementation to guidance on AI governance. Nonie Dalton, VP of product management for BoardEffect and Diligent Community, carries the conversation into the new year.

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Board Effect

MARCH 4, 2020

Boards need to be able to see risk and uncertainty as an inevitable part of both innovation and governance. Not all boards can handle these issues on their own accord and that’s the right time to considering working with a governance consultant. A governance consultant is different than a mentor or an advisory board.

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Board Effect

APRIL 1, 2019

One of the first duties of nonprofit board directors is to quickly get indoctrinated in the matters of governance, risk and compliance (GRC). GRC implies that boards should have strategies in place for managing nonprofit governance, risk management, and compliance with laws and regulations.

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Government Software Review Reputation Finance 75

Board Effect

OCTOBER 18, 2019

Modern governance is a relatively new term that was introduced by Diligent Corporation to update the view of governance by today’s standards. It refers to the tools and processes that today’s boards need to reduce governance gaps and address current challenges successfully. What Is Modern Governance?

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Government Security Technical Review Software Review 45

Board Effect

MARCH 20, 2019

A board portal is a governance software solution that provides boards with a secure platform for conducting all aspects of board business. Board portals are paperless solutions that do far more than support good governance. While that sounds great, there are several things to consider in a board management software comparison.

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Software Review Software Management Technical Review 75

Board Effect

SEPTEMBER 13, 2023

While such tools might work well for some scenarios, it’s important to be aware that they also lack some key, unique features boards need to manage sensitive board work. A board management solution allows you to collaborate on documents, annotate them and share notes.

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Software Review Software Management Technical Review 52

Board Effect

MAY 22, 2019

Governance has struggled to keep pace with today’s business landscape. In a world where nanoseconds count, old governance practices aren’t just out of date; they’re exposing today’s organizations to the kinds of risks that can lead to crises. Scandals resulting in tarnished reputations for universities and colleges.

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Government Technical Review Framework Security 49

Board Effect

OCTOBER 15, 2023

Risk Management AI poses potential risks, including reputation harm caused by AI errors. Plan how the organization will deal with these situations when they happen and put safeguards in to prevent security and reputational issues. Security breaches from hackers specifically targeting AI is another risk.

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Board Effect

OCTOBER 1, 2023

What Drives Trust in Nonprofits In her book “ The Psychology of Trust ,” Martha Peaslee Levine presents five key mechanisms associated with the public’s trust in nonprofit organizations: Promise of Mission and Values Organizational Reputation Transparency and Accountability Performance and Social impact Use of Contributions.

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Technical Review Software Review Government Reputation 52

Board Effect

MARCH 29, 2019

Boards also learned that fraud and corruption can happen to any company where boards fail to practice good governance. Good corporate governance has many dimensions. Board directors need to pay strict attention to every area of governance. Characterizing Good Corporate Governance. Benefits of Good Corporate Governance.

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Technical Review Government Technology Software Review 40

Board Effect

SEPTEMBER 8, 2023

We have all heard of the financial risks associated with security breaches, but the reputational risks can be even more detrimental. Several nonprofits have unfortunately faced reputational damage due to cyberbreaches. Leveraging Technology for Secure Communication Your board needs to protect its sensitive discussions and documents.

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Technical Review Security Technology Software Review 52

Board Effect

DECEMBER 21, 2020

It’s a given that nonprofit boards should manage fiduciary risks. Let’s take a look at how The Alliance for Nonprofit Management defines risk management : “A discipline for dealing with the possibility that some future event will cause harm. How Nonprofit Boards Should Manage Fiduciary Risk. What Is Fiduciary Risk?

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Management Technical Review Government Leadership 69

Board Effect

AUGUST 20, 2023

Cleaning up after a cyberattack is usually time-consuming and costly, but also brings further negative impacts including reputational risk, which should be motivation enough to put the topic on your next board agenda. Governments also sometimes fund charitable causes. million from companies by the end of 2023.

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Board Effect

APRIL 5, 2019

The strength of the administration, the financial health of the institution and good board governance — all have a strong bearing on student success. The volatility of today’s economy and the current societal environment require due diligence in governance on the part of college and university boards.

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Board Effect

JUNE 25, 2023

Prompted by investors, consumers, and in some cases regulators, many organizations have created a set of ESG (environmental, social and governance) standards and goals. Reporting to donors, volunteers and vendors is also a way to improve your reputation and earn trust. They measure and publicly report their progress on these goals.

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Board Effect

JUNE 9, 2023

Are you managing your nonprofit’s cyber risk? Such attacks have the potential to cause severe financial and reputational damage, and they may also jeopardize the well-being of the vulnerable individuals who rely on your nonprofit for support. Do you know the true costs of cyberattacks to your nonprofit if it happens?

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Board Effect

AUGUST 28, 2023

Nonprofit boards can take the first step toward demonstrating ethical responsibility by establishing a code of ethics and storing it in their board management system. Reduced Legal and Reputational Risks: Ethical behavior helps nonprofits avoid legal and compliance issues that can arise from unethical practices.

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Board Effect

SEPTEMBER 22, 2023

Board management software assists small boards by helping to automate workflows and administrative tasks such as sending out meeting reminders or posting meeting minutes. Board management software offers collaboration tools to make sure all board members, no matter where they are, can work together.

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Technical Review Technology Software Review Security 52

Board Effect

MARCH 6, 2020

When risks turn into crises, the fallout can be devastating and lead to financial loss, reputational loss, and more. While all forms of risk management are complicated, technology risk management best practices can help to set the best course of action for tackling IT risks. Approaches to Technology Risk Management.

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Board Effect

AUGUST 23, 2023

National and global changes are currently challenging nonprofit and community organization boards to revisit the ways they: Manage risks Demonstrate transparency Engage in succession planning Bolster security We’ll explore each of these topics more fully to guide your board as it strives for a meaningful strategic plan.

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Technical Review Software Review Minnesota Government 52

Board Effect

AUGUST 18, 2023

ESG (Environmental, Social, and Governance) standards and principles are a way to demonstrate an organization’s commitment larger societal issues. The credibility of your organization depends on identifying and managing these issues. That’s where technology in the form of board management software comes in.

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Board Effect

SEPTEMBER 1, 2023

Risks of Board Members Not Being Cyber-Ready Nonprofits, like any other type of organization, rely heavily on technology and digital infrastructure for communication, data management, fundraising, and more. Store the results on your board management software and use these for frequent updates and check-ins for the board.

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Software Review Technical Review Reputation Government 52

Board Effect

OCTOBER 3, 2023

Every penny counts, the reputation of your organization matters, and when it comes to ensuring the effectiveness of your board, the role of board software cannot be overstated. NIST is one of the most robust security frameworks followed across the globe while The Federal Risk and Authorization Management Program ( FedRAMP ) is a U.S.

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Board Effect

JULY 13, 2023

Read our blog post on identifying and avoiding mission creep.) Modern digital solutions exist for a growing number of needs — whether it’s to strengthen your nonprofit’s sustainability reputation through efficient online interactions or to manage donations, distribution, training or whatever services your organization provides.

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Technical Review Software Review Indiana Government 52

Board Effect

MARCH 10, 2021

Risk management is an important way to demonstrate to donors and other stakeholders that nonprofit boards are using their resources wisely and ethically. Financial loss and other types of fraud can cause your nonprofit to lose donors, damage your nonprofit’s reputation, and result in liability.

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Board Effect

AUGUST 28, 2023

Overseeing the organization’s cyber risk management strategy: The board should be involved in the development and oversight of the organization’s cyber risk management strategy and ensuring that it is aligned with the organization’s broader risk management strategy.

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Board Effect

DECEMBER 13, 2019

For fourteen years, so far, damning information about five otherwise reputable and truly ubiquitous organizations has been circulating to steer potential donors away. And, perhaps more importantly, how to contain – and prevent – such damage to an organization’s reputation? Reputation as Risk. Cyber risks.

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Board Effect

NOVEMBER 17, 2021

If a data breach victimizes your nonprofit, it could cost your organization thousands of dollars and your reputation.?Cybercrime protect your nonprofit’s reputation ?and Study web application security blogs.? Password management tools will help you store complex passwords without having to remember them.? .

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