Importance of maintaining key expectations for board members

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Question

Imagine that you are a long-serving board member of an arts organization that serves youth in your community and you are the chair of the Nominating and Governance Committee. You have put together a board that is one of the most impressive in your city in terms of fundraisingprowess and power, with each board member providing more than $5,000 in support annuallyand also committing to bringing at least 10 high net worth individuals to your major fundraising event annually. Your board's efforts currently account for about 35% of your revenue. This isespecially important to your largest funder, who wants to see that all of your board members aregiving at a very high level. You also have a program advisory council comprised of artists, who help direct the programmatic operations of the organization. Recently, though, a group of local artists have begun speaking to the media about how yourboard/organization has become elitist and they are demanding that you bring working artists andyoung people onto the board. Given all that we have learned about choosing a board, board duties and the importance of maintaining key expectations for board members, how would you respond to this challenge? Specifically, what are three main steps you would encourage the Executive.

Reference no: EM133600842

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