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When it comes to creating the vision for the
organization and setting the course for achieving objectives, it’s
up to your nonprofit’s board of directors to do so. This entails a
wide variety of tasks that can take years or even decades. However,
perhaps the most important task for a board is the final one --
paving the way for the next board of directors.
The board that succeeds the founding board of
directors can help the nonprofit organization thrive as well as
survive, or it can start it on a downward spiral that may ultimately
lead to dissolution. Thus, it is important that your current board
of directors implements the steps needed to replace itself with a
new board that shares a common plan for the future.
Typically, the board of directors will play a
pivotal role in its successor while working in conjunction with the
chairperson and the chief executive officer. With input from the
board, the “next generation” should take shape, probably within five
years of the board’s founding. Here are several recommendations that
can help pave the way for a smooth transition of power.
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Know
and understand the key issues inside out. This includes the
main challenges facing the organization, the optimal
opportunities for the future, the fulfillment of the mission,
strategic alliances and the revenue methodology. What will it
take for the organization to become more effective? How can it
make an impact?
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Determine the best ways in which the board can “add value.”
What sort of expertise, flexibility and strategic relationships
will be needed in the future? For instance, it may be critical
to develop diversity in funding sources as the nonprofit grows
out of its infancy. Consider the enhancements that are most
likely to be beneficial.
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Make
projections for the coming decade. Envision the character of
the people who can build on the nonprofit’s current foundation.
Describe the qualifications and expertise of the board members
who can take the organization to the next level.
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Create a plan for finding successors. How will you entice
the “right people” to join the board? You might assign
responsibilities to current board members for reaching out to
the best candidates.
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Shore up the accounting aspects. Make sure that any
potential fiscal problems are addressed or resolved. Prime
prospects for future board positions may shy away from the
organization if its financials are not in order.
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Map
out a timetable for the succession. This will depend on the
particulars of the nonprofit and how and when the current board
is willing to cede control. It may be difficult to come to a
consensus, but it is important to begin the process. Otherwise,
inertia takes over and the board can become stagnant. Board
members should not rest on their laurels. The best way to leave
a lasting impression is to build for the future.
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