Tag Archives: boards of directors

Goldilocks and the Three Boards

As fairy tales go, “Goldilocks and the Three Bears” is fairly benign. She’s not eaten by a wolf. She isn’t fed poisoned apples. The worst thing that happens to Goldilocks is that she wanders into a house where she doesn’t belong. She escapes without injury. And she apparently avoids charges of criminal trespass, despite the unauthorized taking of porridge.

Let’s imagine that instead of sneaking into the home of the Bear Family, Goldilocks had barged into an office complex housing multiple nonprofits. A bright if somewhat mischievous girl, Goldi would have discovered that not all nonprofit governing boards are the same. Indeed, some boards are too hard; some boards are too soft; and some boards are just right. Continue reading

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CEOs, and Everyone Else

A recent article in the Boston Globe about the generous perks major Massachusetts nonprofits are providing to their CEOs has stirred up debate once more about proper compensation and incentives for charitable executives.

Some of the perks are wildly generous. The Museum of Science pays the college tuition for its president’s two children. The director of the Museum of Fine Arts receives a $60,000 housing allowance every year, on top of his $900,000+ salary. Several organizations provide generous entertainment allowances, dues at exclusive private clubs, free travel for spouses, fancy cars, and retention bonuses. Continue reading

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