This course is for people who serve (or are considering serving) on a board as a director or board member. The focus of this course is to make sure you stay out of trouble by knowing your rights, obligations and duties as a board member.
Board Directors (or members) need to understand governance to do their job correctly
This course covers the most important issues that come with serving on a board, whether corporate, non-profit or as a volunteer. In my 20+ years of speaking professionally on governance to a variety of boards, I continue to see examples of what not to do. With this course I want to give you the necessary information to avoid mistakes and not get in trouble. Important things like members' legal responsibilities is not common knowledge to most. You may do something completely ordinary and not realize you are failing in your duty as a board member. For example, a 'parking lot meeting.'
This course teaches you how to be a better board member and what it takes to stay out of trouble.
Prerequisites
No advanced preparation or prerequisites are required for this course.
Learning Objective
- Explore the basics of board governance
- Discover who stakeholders are and why they are important
- Identify your rights as a board member or director
- Identify the actions that make you liable
Last updated/reviewed: March 13, 2024
(30) Reviews
(11 rating)
Good overview of many of the AI programs available for use by accountants and the IRS in regards to taxes and tax preparation.
This was a good overview of the need to consider digital assets in estate planning.
The presenter keeps a quick pace for this interesting subject and has a bullet point list on screen to make it easy to go back and find any part of the presentation.
Instructor was engaging, and the course proved informative.
Exactly as advertised, an introduction to NFP accouinting. As a new board member of an NFP, I found this very helpful. Thank you.
Of the many, many courses I have taken on the Illumeo platform, this was definitely one of the best and most insightful. I have always found elements of "behavioral finance" to be fascinating and powerful in planning, strategy, and business performance. Mr. Stephens has bundled the leading theories and presented them as a unified new "dimension" for planners and leaders to factor in. He has done so in a manner that CFO's and other business leaders will undoubtedly find easy to digest, replete with useful examples. The consideration of these concepts will undoubtedly add value via improvement decision-making and more enlightened risk assessments. Thank you for such a quality contribution to the Illumeo portfolio!!
This course provides good information on how to construct a well rounded board and how an individual as a board candidate can find their place in an existing board.
Good course, but dry at times. I'd recommend to someone who wants to take a really deep dive into LinkedIn's functionality.
Excellent course, very well organized and presented, with practical examples provided.
Detailed and informative course with plenty of examples to illustrate application of laws into practice.
Enjoyed the instructors enthusiasm of the subject. However, this is a technical course and the materials (PDF) were not helpful in providing a take away for what was taught.
Excellent! This will lead better comunication. White spaces are realy an important.
This is an area of the tax law that is very complicated. This course provided a good general overview of the rules in an organized fashion.
This course is a good overview of professional ethics for MD CPAs
I love this course! Practical and motivating, actionable advice to drive your business forward. Implementing advice right away.
Lynn, the generational divide is an important concept to understand when hiring. This class helps me to understand the challenges in how I must lead the different members on my Team. The biggest challenge is in group meetings and in Team building. This course is very helpful. Thank you, Larry
Clear, well paced and enjoyable. It was a good review of key financial concepts with great story telling.
questions at end didn't well match topics covered in the course.
This course was like listening to a very interesting podcast. The instructor was very engaging, interesting and offered a lot of insight that was not necessarily very obvious. I took this course because I need to fulfill my CPE credits, but I would have listened to this course in my free time regardless, as I found it to be very, very well done.
Exam questions too many! they should be broken to three or four parts!
Generally good advices and I hope the course can add more real life examples to support the theoretical system.
Once again, a great course by Blair Cook with good thought-provoking information.
This was a thorough and comprehensive overview of ERM. I look forward to the next series of instruction.
This is an interesting and complex topic. I would have liked to see a longer, more indepth session.
Good recap of cash flows
Excellent session, engaging instructor and informative content!!
What about online identity theft companies? What do they do and are there worth the money? What are the steps to take if you have your identity stolen?
I truly enjoyed the review, it included advance and basic information where anyone from any point could gain some new information and follow along.
Excellent course
Excellent Course!!
Lesson Questions and Answers0 Questions
INTRODUCTION AND OVERVIEW
GOVERNANCE
- What is Governance and Why Do You Care? 7:06
- An Introduction to Boards 8:44
- Stakeholders. Who Are These People? 4:17
- What Could Go Wrong? 4:51
DUTIES
- Duty of Care, Loyalty, and Diligence 6:07
- Duty of Knowledge 4:03
- Duty of Skill 3:58
- Fiduciary Duty 2:18
- Duty to Manage 6:47
- Directors' Rights 2:10
CONCLUSION
CONTINUOUS PLAY
SUPPORTING MATERIALS
- Slides: Basic Governance for Board Members PDF
- Basic Governance for Board Members Glossary/Index PDF
- Basic Governance for Board Members: Workbook PDF
REVIEW and TEST
- REVIEW QUESTIONS quiz
- FINAL EXAM exam
Ask the instructor a question about this lesson