20_Qs_NPO_Strategy_Planning_for_ICABC_

20_Qs_NPO_Strategy_Planning_for_ICABC_ - 20 Questions...

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20 Questions Directors of Not-For-Profit Organizations Should Ask about Strategy and Planning Hugh Lindsay, FCA, CIP
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How to use this publication Each “ 20 Questions ” publication is designed to be a concise, easy-to-read introduction to an issue of importance to directors. The question format reflects the oversight role of directors which includes asking a lot of questions. For each question there is a brief explanatory background and some recommended practices. The questions are intended to be relevant to most not-for-profit organizations. The “answers” or comments that accompany the questions summarize current thinking on the issues and practices of not-for-profit governance. There are many views on the best way to govern and manage not-for-profit organizations and a number of governance models. This document describes general principles that apply in most situations. If your organization has a different approach, you are encouraged to test it by asking if it provides a valid answer to the question. After the comments there are lists of recommended practices that directors can use to assess their understanding of their organization and to prompt further questions if they are not fully satisfied with the answers. They represent aspirations, not absolute standards that must be met immediately. Directors who come from a for-profit business may find that their experience, although helpful, will not always provide the best answers in the not-for-profit environment. Appendix 1 compares and contrasts corporate and not-for-profit governance. Readers who want more details on specific topics may refer to the section on “Where to Find More Information.” Most of the CICA 20 Questions series of publications for directors were written for business boards but are relevant to not-for-profit boards. Author Hugh Lindsay, FCA, CIP Project direction by Beth Deazeley, LL.B., Principal, Risk Management and Governance, CICA INSTITUTE OF CORPORATE DI RECTORS
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20 Questions Directors of Not-For-Profit Organizations Should Ask about Strategy and Planning
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Library and Archives Canada Cataloguing in Publication Lindsay, Hugh 20 questions directors of not-for-profit organizations should ask about strategy and planning. ISBN 978-1-55385-331-2 1. Nonprofit organizations--Management. 2. Strategic planning. 3. Boards of directors. I. Canadian Institute of Chartered Accountants II. Title. III. Title: Twenty questions directors of not-for-profit organizations should ask about strategy and planning. HD30.28.T84 2008 658.4’012 C2008-901155-4 Copyright © 2008 Canadian Institute of Chartered Accountants 277 Wellington Street West Toronto, ON M5V 3H2 Printed in Canada Disponible en français
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Preface Risk Management and Governance Board CICA Staff Dave Pollard, CA, Vice President, Knowledge Development Gigi Dawe, Principal, Risk Management and Governance Beth Deazeley, LL.B. Principal, Risk Management and Governance 3 Thomas Peddie, FCA, Chair Dan Cornacchia, FCA Brian Ferguson, CA John Fraser, CA Andrew J. MacDougall, LL.B.
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This note was uploaded on 02/18/2012 for the course ACCT 4650 taught by Professor Jemery during the Spring '12 term at Kwantlen Polytechnic University.

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20_Qs_NPO_Strategy_Planning_for_ICABC_ - 20 Questions...

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