Webinar: Practicing Fiduciary Duty – It’s Not Just About the Money!

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Overview

Trustees have been informed repeatedly of the importance of understanding and practicing fiduciary duty in their leadership roles as members of boards. But do we deeply understand what fiduciary duty really means and its universal application in the board’s work? This learning session dives into the detailed understanding and application of fiduciary duty inside and outside the boardroom, including conflicts of interest and compensation. Guidance from the Internal Revenue Service, State of Iowa law, the American Bar Association and the American Institute of Certified Public Accountants provides the foundation for understanding. Direct application examples bring to life how each trustee can understand and practice this fundamental tenet of board-level leadership.

Objectives

• Be able to discuss specific examples of good and bad practice with nonprofit boards in several areas including fiduciary duty and conflicts of interest.
• Be familiar with the key laws, regulations and ethical guidelines governing nonprofit board and officer conflicts of interest, compensation-setting practices, and vendor and contractor issues.
• Have an enhanced understanding of fiduciary duty, especially as it applies to nonprofit board service.

Presenter

Michael Wyland is the author of more than 400 articles on nonprofit governance, operation and accountability for The Nonprofit Quarterly, a print magazine and online news service specializing in nonprofit organizations. Wyland has more than 30 years of experience in technical assistance, education and consultation with nonprofits. His expertise has been quoted in more than 100 publications, including The Wall Street Journal, The Chronicle of Philanthropy and USA Today. As a partner in Sumption & Wyland, he specializes in governance evaluation and effectiveness with nonprofits and government-affiliated nonprofits.

Registration

Registration for this webinar is per connection needed at a facility. This allows multiple staff members to participate in the education using one connection. Prior registration is required to ensure connection information and applicable materials are distributed prior to the webinar. The registration fee for this webinar is $150 per SDAHO Member facility /$300 per non-member facility.