[OpenID] Several Questions for the Current & Future Board

[Dick Hardt]

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