[OpenID] Several Questions for the Current & Future Board

Johannes Ernst jernst+openid.net at netmesh.us
Thu Dec 18 17:00:30 UTC 2008


Well, as a current board member I disagree. Nobody can figure out  
whether "there is an issue" unless financials are transparent to at  
least all members of the board.

BTW, I'm not arguing at all that we need to waste any time talking  
about financials. If they are distributed in generally accepted  
formats (BS, P&L, cash flow, perhaps in this case membership pipeline)  
a day or two before each board meeting, AND there is no issue, nobody  
ever spends any time talking about them at all.

On Dec 18, 2008, at 8:53, Dick Hardt wrote:

>
> On 17-Dec-08, at 10:27 AM, Johannes Ernst wrote:
>>
>> The whole point is that a board needs to know what is going on,  
>> financially, on a regular basis. At every board meeting is the  
>> schedule that I'm familiar with, and that's what I've been  
>> advocating. But of course I'm repeating myself here ... and we are  
>> spending far more time arguing about this than it would take to  
>> have QuickBooks generate a BS, a P&L, and CF summary and e-mailing  
>> it out. Which is why I really don't understand that we even have  
>> this argument because it costs a lot more time and energy than  
>> doing the right thing in the first place.
>
> And on other non-profit boards I sit on, we look at the financials  
> twice a year unless there is an issue -- allows the board to focus  
> on other issues rather then wasting 10 minutes on each call talking  
> about financials. I'm used to something else that has worked fine  
> for me in the past, and I'm the Treasurer.
>
> -- Dick
>
>



Johannes Ernst
NetMesh Inc.

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