Nonprofit Radio: Shared Leadership Options

I’ll be on Nonprofit Radio this Friday at 10:30 am PT / 1:30 pm ET talking with host Tony Martignetti about shared leadership models. Catch us live on Talking Alternative or a few days later on iTunes. We’ll no doubt be talking about some pros and cons associated with several models of shared leadership, including Co-CEOs, distributed...

Duty of Loyalty – Part 2

In our earlier post on the Duty of Loyalty – Part 1, we discussed conflicts of interest, self-dealing (under California law), and excess benefit transactions. In this post, we’ll examine other aspects of the duty of loyalty: confidentiality and corporate opportunities. This post continues to address these fiduciary issues from the perspective of a...

Duties of the Treasurer of a Nonprofit Corporation

A Treasurer is typically charged with overseeing the management and reporting of an organization’s finances. Generally, as with other officer positions, the specific duties of the Treasurer are stated in an organization’s bylaws. Since an organization’s financial management is directly tied to the Treasurer’s responsibilities, the Treasurer’s execution of...