1 / 23

WAVE OF CHANGE

WAVE OF CHANGE. Managing Risk in the Regions & Clubs. RISK MANAGEMENT. 2012 GRT – RISK MANAGEMENT. RISK MANAGEMENT. FINANCIAL RISK MANAGEMENT Keep cash and checks safe Regular financial reports Segregation of duties Two signers on bank account Reconciliation of bank statement

velvet
Download Presentation

WAVE OF CHANGE

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. WAVE OF CHANGE Managing Risk in the Regions & Clubs

  2. RISK MANAGEMENT 2012 GRT – RISK MANAGEMENT Soroptimist Governors Round Table | June 23-24, 2013 | REGION & CLUB LEGAL STATUS

  3. RISK MANAGEMENT • FINANCIAL RISK MANAGEMENT • Keep cash and checks safe • Regular financial reports • Segregation of duties • Two signers on bank account • Reconciliation of bank statement • Lock and key Soroptimist Governors Round Table | June 23-24, 2013 | REGION & CLUB LEGAL STATUS

  4. RISK MANAGEMENT • WHY - FINANCIAL RISK MANAGEMENT • Treasurers kept no records or receipts • Clubs not complying with IRS filings & requests • Treasurers comingling club & personal funds • Only authorized bank signer left & took money Soroptimist Governors Round Table | June 23-24, 2013 | REGION & CLUB LEGAL STATUS

  5. REGION & CLUB LEGAL STATUS • LEGAL RISK MANAGEMENT • SIA’s GENERAL COUNSEL • Gary Bragg Soroptimist Governors Round Table | June 23-24, 2013 | REGION & CLUB LEGAL STATUS

  6. REGION & CLUB LEGAL STATUS • CLUBS • Clubs not legal entities of SIA; considered affiliates • SIA grants charter • Operate under SIA bylaws, rules and procedures • Stay in good standing • Receive tax exempt status • Operate under name SI Soroptimist Governors Round Table | June 23-24, 2013 | REGION & CLUB LEGAL STATUS

  7. REGION & CLUB LEGAL STATUS • REGIONS • Regions not legal entities of SIA; considered affiliates • SIA does not select 51% of region’s board • Operate under SIA bylaws, rules and procedures • Board policy V. A. identifies requirements • Ensure common vision and direction Soroptimist Governors Round Table | June 23-24, 2013 | REGION & CLUB LEGAL STATUS

  8. REGION & CLUB LEGAL STATUS • REGIONS • Stay in good standing • Receive tax exempt status • Operate under name SI Soroptimist Governors Round Table | June 23-24, 2013 | REGION & CLUB LEGAL STATUS

  9. REGION & CLUB LEGAL STATUS • REGIONS • First follow laws of the country you operate in • Then follow SIA laws • Region bylaw changes be reviewed by SIA HQ before brought for a vote Soroptimist Governors Round Table | June 23-24, 2013 | REGION & CLUB LEGAL STATUS

  10. MANAGING PARTNERSHIPS & COLLABORATION Soroptimist Governors Round Table | June 23-24, 2013 | MANAGIN G COLLABORATION

  11. MANAGING PARTNERSHIPS & COLLABORATION Soroptimist Governors Round Table | June 23-24, 2013 | MANAGIN G COLLABORATION

  12. MANAGING PARTNERSHIPS & COLLABORATION Soroptimist Governors Round Table | June 23-24, 2013 | MANAGIN G COLLABORATION

  13. MANAGING PARTNERSHIPS & COLLABORATION • PROGRAMS • Initiate • Collaborate with others • REGION MUST BE RESPONSIBLE PARTY Soroptimist Governors Round Table | June 23-24, 2013 | MANAGIN G COLLABORATION

  14. MANAGING PARTNERSHIPS & COLLABORATION PROGRAMS MARKS Soroptimist Governors Round Table | June 23-24, 2013 | MANAGING COLLABORATION

  15. MANAGING PARTNERSHIPS & COLLABORATION • INTELLECTUAL PROPERTY • Assets of region are assets of SIA Soroptimist Governors Round Table | June 23-24, 2013 | MANAGING COLLABORATION

  16. PROTECTING SIA • NEW REGION REQUIREMENTS • Report/provide to headquarters • Annual financials • Contracts over $10,000 Soroptimist Governors Round Table | June 23-24, 2013 | PROTECTING SIA

  17. PROTECTING SIA • NEW REGION REQUIREMENTS • Carry appropriate insurance coverage • US and Canadian regions • General Liability • Directors’ & Officers’ • Insurance through SIA’s broker of record • Name SIA as additional insured Soroptimist Governors Round Table | June 23-24, 2013 | PROTECTING SIA

  18. PROTECTING SIA • NEW REGION REQUIREMENTS • Carry appropriate insurance coverage • Outside US and Canadian regions • Appropriate insurance for country • Use insurance broker of choice Soroptimist Governors Round Table | June 23-24, 2013 | PROTECTING SIA

  19. PROTECTING SIA • NEW REGION REQUIREMENTS • Carry appropriate insurance coverage • Forward certificate of insurance to SIA headquarters upon • Purchase • Renewal Soroptimist Governors Round Table | June 23-24, 2013 | PROTECTING SIA

  20. PROTECTING SIA • TIMELINE FOR IMPLEMENTATION • January 2014 - Reminder of upcoming policy requirements • End of March 2014 – Follow-up reminder • July 1, 2014 - Procedure becomes effective Soroptimist Governors Round Table | June 23-24, 2013 PROTECTING SIA

  21. PROTECTING SIA - Licensing • Licensing Required – Commercial Use • When clubs/regions producing and selling items or using as a donation/fundraising premium • Only mark licensed is the S logo • Only club/region is licensed to sell/distribute the item, not the producer or vendor • $50 fee per item with unlimited reorders • Why? To follow U.S. law requiring a fee commensurate with value Soroptimist Governors Round Table | June 23-24, 2013 | Protecting SIA

  22. PROTECTING SIA - Licensing • Licensing Not Required • When clubs/regions are giving away an item with the mark as a public relations tool (nail files, luggage tag, pencils and pens, pads of paper) • When clubs ordering an item (apron, shirt) for club public relations purposes and it is only available to that club’s members Soroptimist Governors Round Table | June 23-24, 2013 | Protecting SIA

  23. WAVE OF CHANGE THANK YOU Managing Risk in the Regions & Clubs

More Related