Financial Controls

In any organization, there is the chance of money going missing between income and outgo. Financial or internal controls are the policies and procedures that minimize this leakage – and protect people handling the money from charges of fraud. Businesses tend to have internal controls because the owner is keeping … Read More

Training Materials 101

posted in: People, Processes | 0

Training picks up where procedures leave off, and they should work together to make sure employees are doing the job the way you want it done. Much training can be done on the job, but sometimes it is worth putting together materials to make the process go more smoothly. Training … Read More

Procedures 101

posted in: Processes | 0

When should you write down how you want things done by employees? When: You keep explaining the same process over and over. A certain process occurs so seldom that everyone forgets how to do it. You want everyone to do things the same way. You want to set a baseline … Read More

Identifying Risks

posted in: Processes | 0

The most difficult part of risk management is figuring out what risks should be managed. Management involvement is important here; in a perfect world, the management team would spend some time brainstorming possible risks, which could then be evaluated and actions taken. The relevant risks to be managed depend a … Read More

Risk Management

posted in: Processes | 0

One of the major changes in ISO 9001:2015 is the addition of risk-based thinking. Technically it has always been there, but now risk management takes center stage, replacing preventive actions and feeding the corrective action and improvement systems. Done poorly, this is one more piece of paper to gather dust … Read More

Consent Agendas

posted in: Processes | 0

One technique that can be used to make board meetings more efficient, especially for boards with a lot of routine matters, is a consent agenda. A consent agenda is a way to corral all the straightforward board approvals into one item that can be voted on quickly: minutes, financial reports, … Read More

More Efficient Board Meetings

posted in: Processes | 0

Being on a board for a nonprofit can be satisfying and interesting – but drawn-out board meetings that slog through a vague agenda and spend more time on housekeeping details than on ways to improve the organization take the fun out of it. Luckily, there are couple of simple things … Read More

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