November 2007
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Dear Friends:
I always welcome your responses to this monthly missive and with this edition I will begin to share some of your responses with the entire readership on a regular basis. So please keep hitting reply and let me know what you think! Peace, More on Board CommitteesGuin Kerstetter, Chief Financial Officer at Jewish Family Service of San Diego CA, offered an important correction/qualification to my suggested mandate for a board Finance Committee. She pointed out that, in California (and likely in some other states), there are specific statutes pertaining to the audit. If an organization has gross revenue of more than $2 million, then the state's Nonprofit Integrity Act of 2004 requires that the board of directors appoint a separate Audit Committee. The Audit Committee cannot be chaired by a member of the Finance Committee and members of the Finance Committee must constitute less than half of the Audit Committee. Treasurers and Board Chairs take note! An Open InvitationHelp me make these monthly e-mail articles even more relevant to your interests and challenges. To stimulate and prompt your feedback, I invite you to reply to me anytime at davidnorgard@od180.com with answers to any or all of these questions... - What holds your board back from functioning as effectively as it could? Or, just fill in the blank: David, I wish you would write about __________. In future letters, I will be answering some of your specific questions. So let me know: What is your question? I look forward to hearing from you! A Special AnnouncementI am pleased to announce the launch of an od180 study. Its ultimate aim is to offer guidance to small and midsize nonprofits on the critically important matter of executive selection. The primary method of the inquiry will be the collecting and comparison of case studies ... and that is where you can help. Are you associated with an organization that has completed a search for a new executive within the past two years? If so, please read on: Each case study will involve interviewing the executive director, the chair of the board, and the chair of the search committee which made the selection. The study will also look at pertinent documents in each case including position description, job announcements and advertisements, resumes, and announcements of appointment. If you or someone you know fits the criteria and might be willing to participate in this important research, kindly contact me at 310-498-2584 or davidnorgard@od180.com.
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