If your organization is about to embark on updating board governance materials, be sure to take a long look at your existing ethics and compliance programs. If you don’t have much along those lines, fear not, there are some excellent resources at your fingertips to help understand how your organization can reduce risk and improve efficiency. And in an environment where may groups feel they’ve already tapped out all potential cost savings measures, it isn’t unusual to find a few extras buried in the couch cushions of this material.
I published an article at ArtsHacker on 8/19/2016 that examines the extensive Ethics & Compliance Toolkit from Ethics & Compliance Initiative (ECI).
One of the most useful aspects of the toolkit is in addition to providing expected guidelines, there is a good bit of practical insight and examples demonstrating how these policies and procedures can help uncover one or more of those hard to find cost savings benefits.