For-Profit
You should not have more than this on the BOD #
what is 10
N-f-p organizations need this to assist in their fundraising activities
What is an independent director
This committee looks after the top officers pay
What is the compensation committee
What type of corporation owns the Green Bay Packers
Hint: Structure answer with one of each
Private/Public + Profit/ Nonprofit
What is...
Publicly nonprofit
Many use this to render fairness opinions
What is an investment banker
The fairness opinion will serve to protect from criticism from
What is contributors
Most important board committee
What is the audit committee
Both NFL teams with owners as GMs
What is Dallas Cowboys + Bengals
N–f–p organizations opt for very large boards for what reason
What is to increase the number of potential donors
Eyes and ears of the board of directors
What is internal auditor
name two of the three potential conflicts of interest
what is...
insider loans
purchase or sale
material merger or acquisition
These are essential for n-f-p that solicit contributions from the public
What is audited financial statements
Private companies may choose not to have this
What is nominating Committee
96% with combined chairman and CEO had this
What is a lead/presiding director
With a large BOD who should make all important decisions
What is small executive committee
Nominating/corporate governance committee nomionate new directors and?
What is establish an ethical, law-abiding culture