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Stanford, BoardSource survey shows directors need more skills, resources
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3/4/2016 at 4:19:49 PM GMT
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Stanford, BoardSource survey shows directors need more skills, resources
Many nonprofit board directors lack the skills, resources and experience to lead their organizations, according to a survey by the Stanford Graduate School of Business, BoardSource and GuideStar. Board processes often fall short as well, the survey found. "Nonprofit boards would greatly benefit from a more rigorous process for setting goals and measuring performance," said study co-author David Larcker. They should also adopt better governance practices for financial auditing, succession planning and board evaluations.

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