Who should attend: Senior Staff and Board Members
On BOARD® is the Arts & Business Council of Chicago’s unique board governance and leadership program that prepares individuals who are ready to engage as active board members of arts, cultural, and creative nonprofit organizations.
Legal and Fiduciary Responsibilities of Board Members is part 1 of 4 in 2022 On BOARD curriculum. More information about this session is provided below.
- General roles and responsibilities of nonprofit board members
- The Business Judgment Rule
- Key fiduciary duties of nonprofit board members
- Duty of Care, Duty of Loyalty, Duty of Obedience
- Liability and protection for board members, the importance of Directors & Officers insurance
- Corruption and Cybercrimes – Bribery, Fraud, Extortion Considerations
Presenter: Shermin Kruse, Law Professor at Northwestern Pritzker and Negotiation Consultant
We are currently unable to provide financial assistance for our On BOARD sessions, but we are offering a 2×1 opportunity. Register for this session, and we will contact you via email to ask for the second attendee’s contact information.
Serving as a board member can be one of the most challenging and rewarding volunteer assignments. While appointment or election to a board is an honor, board members have significant legal and fiduciary responsibilities that require time, skill, and resources.
In this On BOARD session on Legal and Fiduciary Responsibilities of Board Members, Northwestern law professor Shermin Kruse will cover the most indispensable aspects of legal and fiduciary responsibilities.
The impact of COVID-19 in the nonprofit sector has driven A&BC’s team to review this session’s content to include topics that better respond to contemporary pressing challenges and issues in the industry.
For this reason, our content expert will share her expertise in a matter that is becoming more and more present in the digital realm: Corruption and Cybercrimes – Bribery, Fraud, and Extortion Considerations. In addition, she will complement this session’s content by talking about The Business Judgment Rule.