Adding nonfamily trustees and community voices to your family foundation board

When
Thursday, March 14, 2013, 11:30 AM until 01:00 PM EST
Duration
90 minutes
Where
Webinar Replay
Who should attend

Family foundation boards, donors, and CEOs thinking about the options and opportunities for engaging nonfamily board members and community voices in the governance of the foundation.

Description

What are the signs that your foundation’s board might benefit from adding a community leader to bring new energy and a fresh voice to board deliberations and decisions? Some family foundations have never had an outside trustee on the board and don’t want one. Others have had non-family trustees since their inception—either a friend or business associate of the founder, a trusted lawyer or accountant, or a program expert or local community leader respected by the family. Join this webinar featuring representatives of family foundations that have made the choice to engage non-family trustees – hear more about why they made this decision, what questions and challenges they addressed in the process of adding non-family trustees, and what has – and has not – worked. Also: What are the reasons your board may wish to add non-family trustees? What process can your board use to decide how many non-family trustees to invite, and what qualifications and characteristics to look for? How should we go about the search and invitation process for non-family trustees? What are the biggest advantages to having new voices at the table? Are there any disadvantages or challenges?

Event downloads

What participants said:

Enjoyed hearing the real life experiences of adding or having non family board members.

Anonymous

Appreciated the emphasis on hearing new voices from the community and the low risk and high reward of including non-family members.

Anonymous
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