Policies: What’s Most Important and Why

April 06, 2021

In this episode of the NP Local podcast hosted by Jason Cass and Scott Niermann, they discuss the different types of board policies and what it’s all about.

Episode Highlights:

  • Scott mentions why crafting policies is not his favorite as a nonprofit director. (5:23)
  • Jason shares why business owners try to avoid working on policies. (6:54)
  • Jason mentions the definition of wrongful acts. (7:50)
  • Scott mentions the Association of Fundraising Professionals website. (9:12)
  • Scott shares that a conflict of interest policy is required for incorporation. (10:01)
  • Scott shares what is the gift acceptance policy. (12:47)
  • Scott mentions what is an investment policy and spending policy. (15:58)
  • Scott mentions the whistleblower policy. (16:45)

Key Quotes:

  • “A lot of times we as business owners avoid stuff that’s unknown to us. When it’s unknown, it builds anxiety. When it builds anxiety, it builds fear.” – Jason Cass
  • “Just because someone has a conflict, they have an outside business or something, does not mean that it’s perceived or will become a problem for your organization. It just means that it needs to be disclosed. It needs to be open and out front.” – Scott Niermann
  • “If we can’t be trusted to keep financial information or otherwise personal information secure, then that creates problems. Then, down the road could grow to some significant fundraising or legal issues.” – Scott Niermann

Resources Mentioned:

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