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Governance Bites #42: financial stability for not-for-profits, featuring Jim McElwain
Manage episode 433675262 series 3565323
Mark Banicevich द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Mark Banicevich या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।
Jim McElwain is Executive Director of the Institute of Financial Professionals New Zealand (INFINZ). He has a background in corporate finance, having worked at Treasury, Lloyds Merchant Bank, PricewaterhouseCoopers and Ernst & Young. Jim's governance experience includes the Advisory Board of the School of Accounting and Commercial Law at Victoria University of Wellington, and past roles on the boards of the CFA Society of New Zealand and INFINZ (prior to his current role).
In this video, Mark Banicevich talks to Jim about financial sustainability in not-for-profit entities (such as professional bodies). INFINZ is an optional membership body, so Mark asks Jim about what he does to provide services to make membership attractive. He asks about the tension between providing services to members and financial stability, and how to ensure that a non-for-profit entity remains sustainable. They discuss the risks that could challenge financial stability, and how much money to hold in reserves in case of these eventualities. Mark also asks what advice Jim would give to a new director.
#governance #governancebites, #director, #boardroom, #boardcraft
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