HAHN AGENCY, INC.
Directors & Officers Organization Loss Control
I have broken down loss
control recommendations into two areas. Loss control for the operations of the
board meetings and board members is addressed under this section, the Organization
loss control section. Loss control measures for employee/employer relations is
covered under the Employment Practices
loss control section. The areas dealing with Organization loss control are as
follows:
| Management of Non-Profit Organizations | Non-profit organizations should be operated and managed like a for-profit corporation. |
| General Principles | Basic
Duties required of board members. Business Judgment Rule. |
| Composition of Board of Directors | Attributes
of Directors Independent Directors. The size of the Board. Self-Evaluation. |
| Education | Mission
of the Organization. Legal Orientation. Training Seminars. Internal Guidelines. |
| Actions by Directors | Procedural
Considerations. Presentation of Information to Members. How meetings should be conducted. Documentation of Meeting. |
| Delegation of Responsibility | Board
Committees, Management Delegation. Staff Selection and Overhead Controls. Reliance defense. Use of Legal Counsel. |
| Conflicts of Interest | Even an appearance of a conflict of interest is bad. |
| Legal Protections | Maximize
Indemnification Protections. Retain Documents. Conduct a Legal Audit. |
Directors and Officers Loss Control
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