Stanford Research Offers 9 Tips to Improve Nonprofit Governance

“Our research finds that too often board members lack the skill set, depth of knowledge, and engagement required to help their organizations succeed,” says accounting professor David F. Larcker, the lead researcher.

Larcker, with Lafayette Partners in Management lecturer William F. Meehan III, corporate governance lecturer Nicholas Donatiello, and researcher Brian Tayan, asked board members about their board’s composition, structure, and governance practices, from financial reporting to succession planning and executive evaluations. Nonprofit information sites BoardSource and GuideStar collaborated on the survey. The survey will be introduced at the Stanford GSB Nonprofit Board Governance Institute, which convenes today and where Larcker is due to deliver the keynote.