info@cosgroveandco.ca

  • Facebook
  • LinkedIn
  • Twitter
Co and Co logo.jpg

Board Governance & Consulting Experts

  • About Us

  • Services

  • Blog

  • Board HealthScore

  • Clients

  • Forum

  • More

    Use tab to navigate through the menu items.
    To see this working, head to your live site.
    • All Posts
    • My Posts
    Kathryn Cosgrove
    Feb 15
      ·  Edited: Feb 15

    True or false: Auditors and other professional advisors know non-profit governance better than anyone.

    in Welcome to the Forum

    Is this statement true? It might be.


    That's not to say external advisors understand the mission of the organization - not at all. External advisors may never have been involved in program delivery, worked for a non-profit organization, or even been a board member of one.


    Having said that, advisors and auditors often report directly to the board of directors of many kinds of organizatons - for-profit and not-for-profit - and have a great appreciation for good governance practices and commonly faced challenges.

    Professional advisors like investment managers, auditors in public practice and management consultants also have a great understanding of the roles and responsibilities of the board and Executive Director/CEO, and can help boards improve oversight without micro-managing the administrative leader. They perform a range of tasks that involve the Audit Committee or Finance Committee of the board, and typically review a range of board-approved policies such as delegation of authority (spending and/or signing authority), Code of Ethics, risk management, travel and expense, etc.


    Are you an external advisor to any non-profit organizations? What insights do you have that could be helpful? Leave me a comment or question below!

    0 answers0 replies
    0 comments
     

    Cosgrove&Co.

    Address

    2526 Agricola Street, Suite 6
    Halifax, Nova Scotia B3K 4C5
    Canada

    Contact

    info@cosgroveandco.ca

    +1 416 220 9541

    Follow

    • Facebook
    • LinkedIn
    • Twitter

    ©2022 by Cosgrove & Co. Strategy Consulting Ltd.