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How much of the board’s work should be shared with the membership?
By Daniel Condon In an era of transparency, the question of how much of the board’s work should be shared with the membership becomes increasingly important. The board must carefully weigh the questions of transparency with confidentiality and member demands in...
New York Non Profits the facts on Fraud and Embezzlement
By Kevin P Foley & Matthew P O’Dell CPAs Matthew O’Dell and Kevin Foley with COMD LLP discussed how to detect signs of duplicity and the controls for detection of fraud and embezzlement in nonprofit organizations. The partners emphasize the importance of active...
How does a club find the best board candidates?
By Daniel T Condon Most public companies and many large nonprofit organizations have an unlimited pool of potential candidates to fill open board positions. However, private clubs by their very nature are limited by their relatively small memberships. Key...
The fiduciary role of the audit committee in private clubs
By Daniel Condon What is the fiduciary role of the audit committee in private clubs? It is the audit committee’s job to assist the club’s board in fulfilling its oversight responsibilities by monitoring the integrity of the club’s financial accounting processes...
The Top Ten Things That Every Well-Run Private Club Should Have
By Daniel T. Condon In the pursuit of club perfection, club leadership is not only interested in what other well-run clubs do but also in what would be described as “best practices.” Best practices encompass all club activities across the board. COMD founding Partner,...
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