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The Board-Savvy Business Officer/ Head of School

The Board-Savvy Business Officer/ Head of School. Jeffrey N. Shields, CAE NBOA Executive Director Katie Lindsey Chief Financial Officer, The Hewitt School & NBOA Board President. POLLING QUESTIONS. HOT TOPICS IN BOARD GOVERNANCE. What would you like to get out of this session?.

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The Board-Savvy Business Officer/ Head of School

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  1. The Board-SavvyBusiness Officer/Head of School Jeffrey N. Shields, CAE NBOA Executive Director Katie Lindsey Chief Financial Officer, The Hewitt School & NBOA Board President

  2. POLLING QUESTIONS

  3. HOT TOPICSINBOARD GOVERNANCE

  4. What would you like to get out of this session? • How does the BO and HOS identify and select Board Leadership? • What are the new skills that HOS need from BO? • What is the overlap between the HOS and BO?

  5. Case Study Questions • What are the governance issues? • What would you do as the Head of School? • What would you do as the Business Officer? • How could this scenario be avoided in the future?

  6. BOARD-SAVVY TO DOs • Financial Management and Budgeting as well as forecasting.  2. Strategic Planning - establishing the fundamental issues confronting the school and working with the board to establish a variety of modeling scenario to ensure that their decision making is truly well informed (and as I mentioned today also reflects unanticipated consequences like a major down turn in the markets or a failed capital campaign or the unexpected death of a HOS or Board Chair).  3. Facilities - Acquisitions, Renovations, Capital Improvements and Technology and the Financial Consequences of Debt - Tax Exempt or Otherwise on the Institution… 

  7. MORE BOARD SAVVYTO DOS 4. Compliance - Ensuring that as Fiduciaries the Board is confident and knowledgeable about 990s 403b plans Audited Statements and Covenants   5. Risk Management - Property and Liability Coverage's, Directors and Officers Insurance, Construction Debt Coverage/Storage of Materials, Student Liability etc.  how much is enough? 6. Investment Management Tools - Endowment and Operational Funds and an agreed upon strategy and a determination of risk to reward appetite.  Selection of the financial manager and the banking relationship. 7. Partnering with other Administration Members - Development in particular to create a gift acceptance policy - capital campaign structure and annual giving goals. 

  8. MORE BOARD SAVVYTO DOS 8. Human Resource issues including issues of possible litigation.  This extends to student related and parent related issues as well.  9. Debt Management - working with the board to establish an agreed upon debt capacity to ensure financial sustainability.  BONUS!!! Recognizing that the CFO reports to the HOS only and that the Board is a policy maker not an educator or a supervisor.

  9. GOVERNANCEQ&A

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