Nov 8, 2019
In this episode of Charity Therapy, we're taking on the tricky world of conflicts of interest in the nonprofit sector.
Have you ever wondered if having family or friends on your board is okay or whether hiring a board member's offspring to build your website might raise some eyebrows? Don't fret - you're not alone! We're all about busting myths and providing clear, simple information on this often misunderstood topic.
Let's talk about conflicts of interest - and no, I don’t mean your run-of-the-mill arguments or disagreements. We're talking about divided loyalties and competing interests that could cloud decision-making in your nonprofit. A listener got us started on this journey by sharing their concerns about founding a nonprofit with family members on the board. It's not illegal, but it sure does make things interesting! We explore how to identify potential conflict-ridden situations, and we've got some handy strategies to manage these instances like a pro.
Finally, we share some insider tips on setting expectations and policies, the importance of transparency and disclosure, and how to support each other through the process. Remember, it's not about avoiding conflicts altogether but knowing how to navigate them when they do come up.
Buckle up and join us for an episode packed with advice, insights, and a healthy dose of humor - because who says you can't laugh while learning about nonprofit governance? Whether you're a seasoned pro or just strapping on your nonprofit boots, this episode is for you.
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