There are so many nonprofit organizations serving our community and these organizations are always looking for great members to serve on their board of directors. What does it take to be a good board member? First and foremost, you need passion for the mission of the organization. To be committed to an organization, you must believe in what they do. A board of directors is an important part of an organization and each board member must be committed.
For the first time in more than a decade, a high-stakes race is under way for a Los Angeles County supervisor seat in an election that could significantly reshape the region's longtime political power base. While still months before voters hit the polls, Los Angeles City Councilman Bernard Parks and state Sen. Mark Ridley-Thomas already have launched what are widely expected to be fierce campaigns for the post being vacated by the retirement of Yvonne Brathwaite Burke.
This article explores the competing interests between director authority and accountability within the doctrinal developments underpinning the arguments for and against director oversight liability. The historic losses suffered by companies entangled in the web of subprime mortgages, collateralized debt holdings, and the ensuing credit crisis have brought the role of corporate directors as risk managers under renewed public scrutiny. Directors' authority and their accountability to shareholders are two critical pieces to striking the appropriate balance among the roles, rights, and responsibilities of directors, officers, shareholders, and other corporate constituencies who operate within the corporate power puzzle. Numerous shareholder derivative suits brought in the wake of such losse...
... vehicles, a failure of corporate boards to grasp the extent to which their companies were ...
I really think it's important to find innovative ways of moving our district forward and getting out of old models," says [Maya Cole]. She stresses the need for the board to set long-range budgets to avoid the annual paralysis that comes each spring with the debate over budget cuts. "To sit there and wring our hands and say there's nothing to be done until we get more money" doesn't work, she says. [Marj Passman] says her priorities will include organizing a lobbying group of school boards to work against the revenue caps and to find new taxing sources. She says the public's "complete transformation" on school financing will make this task easier: "When I started this, I didn't think I'd take on the responsibilities and the mantle of solving these problems. Winston is also a lifetime ...
In March 2009, the Governmental Accounting Standards Board (GASB) issued Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions. The objectives of the new standards are to improve the usefulness and comparability of fund balance information, by reporting fund balance in more intuitive and meaningful components and clarifying the definitions of the types of governmental funds. GASB and many practitioners believe that the current fund balance classifications -- reserved fund balance, unreserved-designated fund balance and unreserved-undesignated fund balance -- are problematic because the standards defining them are vague, leading to considerable variation in how governments report fund balance and divergence from the intent of the standards. This article discusse...
The Holland School Board this week approved the 2011-12 tax rates by a 4-2 vote with some members contending that fund-balance dollars should not have been used to reduce the tax levy to a 2 percent year-to-year increase. Superintendent Dennis Johnson said Monday that the $1.5 million fund balance at the end of the 2010-11 school year exceeded the 4 percent recommended by the state Education Department. The district was cited in its last audit for keeping too much in reserve.
Voters are fortunate to have a strong field of candidates vying for five contested seats on the McLean County Board in the Nov. 4 election. Many of the candidates already have extensive records of public service on the board or in other capacities.
By Rachael Scarborough King Register Staff GUILFORD -- Although nonpartisan boards of education are common in other parts of the country, they are almost nonexistent in Connecticut.
April elections typically have low voter turnout, but Boone County Clerk Wendy Noren says they have a much deeper impact on the day-to-day lives of citizens than state and federal elections that draw thousands more people to the polls. These smaller elections, they determine where a big chunk of your taxes go, where your kids go to school, the cost and quality of your water," Noren said last week. "So much is based on this.
BLOOMINGTON - Martha Zumwalt walked up to a foam balance board as Molly Householder held her hand. This is the one I don't like," Zumwalt, 89, said.
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