Leading with purpose: Practical tips for purpose-driven work

Diligent

Strong and adaptable leadership is essential for nonprofits and public sector organizations to thrive. Each episode of our limited podcast series brings you in-depth interviews with accomplished leaders in nonprofit governance and public service, focusing on different topics. These conversations will bring you actionable insights, fresh perspectives and proven strategies to strengthen board leadership and tackle the challenges your board faces. 

Episodes

  1. SEP 1

    Financial Oversight and Risk Series: Interview with Heather Rich

    Heather Rich is Executive Director of the American Board of Genetic Counseling, the national certifying body that sets and upholds professional standards for genetic counselors across the United States. Heather shares her insights on the critical role of the board in ensuring financial transparency, proactive management and strategic oversight. She also emphasizes the importance of a robust onboarding process for new board members, which should include financial training to cover the basics as well as the organization's financial philosophy. We also discuss the importance of a strong, supportive relationship between the board and the CEO, where the board has ultimate responsibility for financial and risk oversight, while the CEO and staff handle day-to-day operations and provide necessary information and training. Heather shares real-life anecdotes, including how the American Board of Genetic Counseling manages its financial review process. We also discuss effective financial and risk oversight, and how board members can make informed decisions based on past data and trends for good oversight. Stick around to the end to find out what advice Heather gives for maintaining financial integrity and oversight, including scenario planning to assess risks and opportunities. Further resources on financial oversight and risk management for volunteer boards You can find the financial oversight guide mentioned on the podcast along with other useful resources at www.boardeffect.com/leadingwithpurpose.

    27 min

About

Strong and adaptable leadership is essential for nonprofits and public sector organizations to thrive. Each episode of our limited podcast series brings you in-depth interviews with accomplished leaders in nonprofit governance and public service, focusing on different topics. These conversations will bring you actionable insights, fresh perspectives and proven strategies to strengthen board leadership and tackle the challenges your board faces.