1 / 30

Being on a Board of Directors

Being on a Board of Directors. John Holdsclaw IV SVP, Corporate Affairs National Cooperative Bank (NCB). About NCB. NCB delivers banking and financial services complemented by a special focus on cooperative expansion and community development

ahayden
Download Presentation

Being on a Board of Directors

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Being on a Board of Directors John HoldsclawIV SVP, Corporate Affairs National Cooperative Bank (NCB)

  2. About NCB • NCB delivers banking and financial services complemented by a special focus on cooperative expansion and community development • NCB has provided more than $1 billion to business co-ops • Uncommon mandate to serve low- and moderate-income communities

  3. NCB and Credit Unions • Credit unions are represented on NCB’s board of directors, and are member-stockholders • In 2011, launched a correspondent banking program for credit unions in Iowa. • Approximately 800 credit unions, leagues and corporates are depositors at NCB • NCB has provided traditional financing to leagues and CUSOs and crafted unique funding programs to support CU product expansion efforts

  4. Board Memberships • CDFI Coalition (Secretary, Executive Committee, Board of Directors), District of Columbia • Self-Help Venture Fund (Chair, Board of Directors), Durham, North Carolina • Carolina Common Enterprise (Member, Board of Directors), Durham, North Carolina

  5. Advisory Board Memberships • Native CDFI Network (Chair, Policy Committee), Rapid City, South Dakota • Carolina Small Business Development Fund (Chair, Policy & Research Committee), Raleigh, North Carolina

  6. Current Memberships • Washington Government Relations Group, District of Columbia • African American Credit Union Coalition, Snellville, Georgia • North Carolina Society of Washington DC, District of Columbia • HBCU Student Action Alliance, Common Cause North Carolina, Raleigh, North Carolina

  7. Nonprofit Landscape • According to the National Center for Charitable Statistics (NCCS), more than 1.5 million nonprofit organizations are registered in the U.S. • public charities, private foundations, and other types of nonprofit organizations, including chambers of commerce, fraternal organizations and civic leagues. • In this environment, executives face pressure to fundraise and grow while leveraging technology, with few new proven business models to help.

  8. Board of Directors Defined • The board of directors is the governing body of a nonprofit. Individuals who sit on the board are responsible for overseeing the organization’s activities. • Board memberships are not set up to be permanent positions; most organizations have terms set up for board members, which typically fall between two and five years.

  9. Board Member Defined Noun 1. board member-member governing board • board - a committee having supervisory powers; "the board has seven members“ • fellow member, member - one of the persons who compose a social group ​

  10. Ten Basic Responsibilities • Per the National Center of Nonprofit Boards • Determine Mission and Purpose • Select Pres/CEO and/or Executive Director • Support/Review Exec’s Performance • Ensure Effective Planning • Ensure Adequate Resources

  11. Ten Basic Responsibilities (cont.) • Per the National Center of Nonprofit Boards • Manage Resources Effectively • Determine/Monitor Programs and Services • Enhance Public Image • Serve as a Court of Appeal • Assess its Own Performance

  12. Board Officers • President - heads up the board and supervises all of the business and affairs of the board • Secretary - keeps the minutes of the board of directors • Treasurer - keeps account of the receipts and disbursements in the organization’s books

  13. Potential Standing Committees • Board Development • Executive • Finance • Fundraising/Development • Policy and Research

  14. Potential Ad Hoc Committees • Audit • Events (or Programs) • Nominations • Research

  15. Nonprofit Boards Challenges A survey of 924 nonprofit directors found that: • 27% of board members don’t think their colleagues have a strong understanding of the mission and strategy • 65% don’t think their board is very experienced or engaged • 46% have little or no confidence that the performance data they review accurately measures the success of their organizations

  16. What Makes A Great Board Member? (Forbes) • Great Judgment • Relevant Context • Wisdom • Motivation and Interest • Style • Effective Coach, Mentor, and Sounding Board • Courage – most unappreciated trait.  

  17. What Makes Great Boards Great(HBR) • Regular Meeting Attendance • Equity Involvement • Board Member Skills • Board Member Age • The Past CEO’s Presence • Independence • Board Size and Committees

  18. The 7 Traits Of Ideal New Board Members • Passion • Experience • Time • Professional skills • Attentiveness • Toughness & • Collegiality

  19. National Neighborhood Coalition

  20. Thoughts on NNC "As the nation faces a dual crisis of severe shortages of affordable housing and community disinvestment, it is essential that we work together to develop solutions that create strong communities. The National Neighborhood Coalition is a leading catalyst for creating these solutions and working with policy makers to put them into action.“ - Senator Paul Sarbanes, Maryland

  21. Thoughts on NNC "The National Neighborhood Coalition provides an influential and necessary forum for discussing public policies related to low- and moderate-income neighborhoods. We at Fannie Mae, and the Fannie Mae Foundation, admire and benefit from your work.“ - Jim Johnson, Former Chairman, Fannie Mae

  22. Thoughts on NNC "The National Neighborhood Coalition has become an indispensable source of information and a key forum about neighborhood and community problems and programs. It continues to serve as an important catalyst for new ideas and policy initiatives.“ - Pablo Eisenberg, Georgetown Public Policy Institute (NNC Founding Chair)

  23. Some Final Thoughts … “A performing community (aka an effective board) accepts and supports differences, communicates openly and with respect, and works together for the common good. Only when we work as a true performing community can we face and honestly solve the difficult issues.” - Mary Jo Clark and Pat Heiny

  24. Some Final Thoughts … “Without question, all successful board members must possess two essential qualities: integrity and an open mind… They aren’t stuck on winning every issue. They are team players.”- Fisher Howe, in Welcome to the Board

  25. Some Final Thoughts … “Board members should bring at least 2 out of 3: talent, time, and treasure [or wealth, wisdom, and work].” – unknown

  26. A Little Comic Relief

  27. More Comic Relief

  28. Final Comic Relief

  29. Contact Info John Holdsclaw IV SVP, Corporate Affairs National Cooperative BankTEL(202) 349-7448 CELL (202) 733-8850 EMAIL jholdsclaw@ncb.coop TWITTER @jholdsclaw LINKEDIN www.linkedin.com/in/jholdsclaw

  30. Questions?

More Related