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Five Good Ideas on bringing your financial story to the board
Manage episode 347102669 series 2581208
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If the well-being of a non-profit organization depends on its financial health, then the quality of the relationship between senior, or finance, staff and the board of directors is key.
In this session, recorded live on October 24, Michael Herrera, Chief Financial Officer at George Brown College, shares lessons from his wealth of experience as a staff member and a director.
These are his five good ideas on bringing your financial story to the board.
[3:12] 1. Set up your new board members for success
[4:52] 2. Write brief and useful meeting packets
[6:18] 3. Design a clear, concise, and purposeful meeting agenda
[9:13] 4. Present accessible, meaningful, and relevant financial information
[12:05] 5. Develop a strong relationship with your Treasurer and Board Chair
[17:01 ] Q & A
Download the session handout. Follow along with the transcript.
Michael’s recommended resources:
Six steps to being an awesome treasurer | CharityVillage
27 Tips for Improving Your Nonprofit Board’s Operations (bloomerang.co)
Presenting financials to boards | Airbase
Seven tips on how to present your finance case to the board | Acuity (acuitymag.com)
Presenter bio: Michael Herrera joined George Brown College in 2019 as Chief Financial Officer. In this role, he provides comprehensive financial leadership and technical expertise relating to the operations of the college. Michael has spent a career in service to the non-profit sector, having worked with social services, religious and arts organizations. Prior to joining George Brown College, he spent nearly a decade with United Way Greater Toronto. He also held similar leadership positions at the Anglican Church of Canada, YMCA of Greater Toronto and the National Ballet of Canada. Michael currently serves on the board of directors for Crow’s Theatre, Theatre Museum Canada, Toronto Arts Council, Toronto Arts Foundation, and Making The Shift – a Youth Homelessness Social Innovation Lab with a mandate to transforming how we respond to youth homelessness through research and knowledge mobilization.
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