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:
- Reach out to Jason Cass
- Reach out to Scott Niermann – Scott can assist with church, nonprofit, and commercial insurance in Tennessee and Georgia.
- Nonprofit Insured
- The Insurance Alliance serves organizations in Illinois, Missouri, Indiana, Kentucky, and Wisconsin.
- Niermann Coaching and Consulting
- The Chronicle of Philanthropy
- Managing the Non-profit Organization: Principles and Practices
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