Posts Tagged ‘Board Goverance’
Audit Lessons from Ezra By Gary G. Hoag
A Biblical Perspective on Your Financial Audit Does your church or ministry engage an independent financial audit? Churches and ministries that do this best practice in the USA and abroad tend to build trust and raise more money. The possibility of greater giving motivates many to do this extra work. But I want to suggest…
Read MoreThe Board and Succession Planning By Dr. David L. McKenna
The Governing Board Must Lead the Way in Succession Planning! The governing board of a Christian organization has the lead role in the drama of succession planning. On center stage at the beginning of transition, the board has primary responsibility for the continuity of mission through the formal authority entrusted to it. Tacit in this…
Read MoreWhat You Need to Know About Executive Compensation By Michael E. Batts
5 Best Practices for Nonprofit Executive Compensation The approach a nonprofit organization takes to executive compensation setting is extremely important for a number of reasons. Two very significant reasons are tax compliance and public relations. Under federal tax law, a leader of a nonprofit 501(c)(3) organization who is compensated excessively can be subjected to severe…
Read MoreThe Role of Board Members in Advancement
A Kingdom Path Perspective by Gary G. Hoag, Ph.D. Christian ministry boards generally provide missional oversight, strategic governance, and fiscal accountability for the organizations they serve. Most are often comprised of committees. The committee tapped with ensuring adequate resources is often called the advancement or development committee. This committee tends to address its governance goals…
Read MoreCatalytic Board Change
By Dr. Sid Webb If you, as a CEO or board member, want to change your board, you have to first ask, “What needs to change, and why?” Ministry leaders should frequently ask the missional question: “Why?” By so doing they will infuse their organizations with kingdom outcome-oriented thinking, which is good stewardship. Anything that…
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