Governance and Financial Vibrancy

Board Recruitment, Development and Decisions-Making

Financially vibrant Boards are able to reflect on the organization’s work and generate new ways of working, new relationships and new sources of revenue to help meet the agency’s mission.  Financially vibrant Boards are also able to communicate well and can articulate the value the agency contributes to the community clearly. The ED has a central role in that s/he must actively develop a Board that builds the organization’s effectiveness in achieving its mission and that builds its profile in the broader community.

Success Stories | Lessons Learned

Values/Goals/Mandate Clarification

Clarity about vision, goals and mandate are essential in changing times to avoid drifting off mission in the pursuit of revenue.  This means being clear and steadfast in what you and your agency values most, and what it is your goal and mandate are.  It is all too easy to drift, and begin to chase revenue-generating ideas and opportunities that are a poor fit with what your organization stands for and what it does best.

Food For Thought

Old-fashioned governance systems need to transform themselves from a static fiduciary-based model to a strong, team-based ‘generative’ model.

What is a ‘generative’ model?  From the point of view of enhancing financial vibrancy, a generative model of governance/leadership is one that produces consistent excellence in operations and also a steady stream of new ideas for products/services.  This includes a dedicated research and development function in all roles on the Board as well as among Managers and Staff.

Project PartnersONESTEP OAYEC ACTEW
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