Financial Management for Nonprofit Organizations, 3rd Edition

CHAPTER 14MANAGING RISK, LEGAL ISSUES, AND HUMAN RESOURCES

1. 14.1 WHAT IS RISK MANAGEMENT?
   1. (a) Who Is Responsible for Managing Risk in the Nonprofit Organization?
   2. (b) Communicate Risk Management Policy
2. 14.2 IDENTIFYING RISK
3. 14.3 PRIMARY FINANCIAL RISK: ILLIQUIDITY
4. 14.4 LEGAL ENVIRONMENT
   1. (a) Sarbanes-Oxley in the Nonprofit Sector
   2. (b) Ethical Considerations
   3. (c) Relevant Agency and Regulatory Rules
5. 14.5 SAFEGUARDING PEOPLE
   1. (a) Tools for Effective Human Resource Management
   2. (b) Physical and Emotional Safety
   3. (c) Protecting the Organization from Lawsuits and Grievances
   4. (d) Dealing with Difficult or Problem Employees
   5. (e) Grounds for Immediate Termination
   6. (f) Compensation
   7. (g) Personal Use of Organizational Resources
   8. (h) Conflict of Interest
   9. (i) Getting the Most “Bang for Your Buck”
   10. (j) Staff and Volunteers – What Motivates Them?
   11. (k) What Qualities Should Leadership Possess?
6. 14.6 DIRECTORS’ AND OFFICERS’ LIABILITY
   1. (a) Methods by Which Boards Can Protect Themselves
   2. (b) Conflicts of Interest
   3. (c) Executive Pay
   4. (d) Duties of Care, Loyalty, and Obedience
7. 14.7 SAFEGUARDING YOUR FINANCIAL AND PHYSICAL ASSETS
   1. (a) Insurance
   2. (b) Risk Retention Versus Risk Transfer
   3. (c) Internal Controls
   4. (d) Fundraising
   5. (e) How to Begin the Financial Assessment Process
8. 14.8 RISK MANAGEMENT AND HUMAN RESOURCE MANAGEMENT PRACTICES
9. APPENDIX 14A: DERIVATIVES CHECKLIST
10. APPENDIX 14B: CASE STUDY OF ASSOCIATION’S FOREIGN EXCHANGE RISK MANAGEMENT

14.1 WHAT IS RISK MANAGEMENT?

Is your organization planning on growing, ...