Discover the essential roles and responsibilities of a board of directors, including oversight of strategy, executive management, and shareholder interests.

Board meetings often follow a predictable routine: reviewing financial statements, hearing brief departmental updates, asking the CEO a few questions and then breaking for lunch. In my experience, if ...

Community associations are nonprofit corporations, governed by the North Carolina Nonprofit Corporation Act. The law provides that nonprofit corporations, including community associations, must "act" ...

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We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

The success of any organization is often determined by the effectiveness of its leadership, and at the heart of this leadership is the board of directors. Board members play an instrumental role in ...

Nonprofit executives are contending with many disruptive forces this year, from federal funding cuts and economic upheaval to artificial intelligence and more. During uncertain times, leaders often ...

Earlier this year, the FDIC, acting as receiver for Silicon Valley Bank (“SVB”), filed a breach of fiduciary duty lawsuit against six officers and eleven directors of the bank. The FDIC alleged that ...

The focus on director engagement has just been sharpened, and it’s going to be harder for boards and their members to avoid it. This, following release of the new commentary, “Director Commitment ...