Award-Winning Examples of Companies Supporting the Arts
November 21 | Emily Peck, Vice President of Private Sector Initiatives, Americans for the Arts | Comments (0)
The arts are an economic driver. According to the Arts & Economic Prosperity study, released by Americans for the Arts, the nonprofit arts and culture industry generated $166.3 billion of economic activity during 2015, which comprised $63.8 billion in spending by arts and cultural organizations and an additional $102.5 billion in audience spending.
For Funders and Nonprofits: Excellent Nonprofit Management is Mission Critical
November 15 | Jennifer Swayne, General Counsel and Chief Compliance Officer, Brooklyn Community Services | Comments (0)
Nonprofit missions help us rally around various societal challenges. However, while nonprofit missions garner attention from funders, the management of the organization is where attention is critical. The challenge is that some funders may make their funding decisions based on nonprofit missions and nonprofits may direct more of their attention to mission rather than management.
Higher Highs and Lower Lows: Don’t Be a CSR Novice
November 09 | Alexander Parkinson, Senior Researcher and Associate Director, Society for New Communications Research (SNCR), The Conference Board | Comments (0)
New research published in the Strategic Management Journal has made some waves (air waves, at least) with its key finding that “past investments in CSR appear to a) greatly increase the likelihood of CEO dismissal when financial performance is poor, and b) somewhat reduce the likelihood of CEO dismissal when financial performance is good. Thus, striving to deliver profits in a socially responsible manner may have both positive and negative personal consequences.” So, that clears things up.
New Study Shows Value of Nonprofit Board Experience in Developing Human Capital for Innovation
November 08 | Alice Korngold, Author, A Better World, Inc.: How Companies Profit by Solving Global Problems...While Governments Cannot | Comments (0)
Businesses that find new solutions to address social, economic, and environmental problems can mitigate risks, reduce costs, and grow profits and value. Unfortunately, many companies lack effective ways to stimulate leadership, creativity, and innovation among their workforces. Better World Leaders: The Nonprofit Board Leadership Study, released last week, reveals that by engaging employees in board service, companies develop their human capital for leadership in innovation.
New Study Finds Nonprofit Board Service Advances Diversity and Inclusion
November 02 | Alice Korngold, Author, A Better World, Inc.: How Companies Profit by Solving Global Problems...While Governments Cannot | Comments (0)
Better World Leaders: The Nonprofit Board Leadership Study, released today, provides an inflection point for businesses that encourage and support their employees in serving on nonprofit boards. Today, we show that nonprofit board service is an effective pathway for companies to advance workplace diversity and inclusion; human capital for innovation; and economic development and the U.N. Sustainable Development Goals (SDGs). This post focuses on diversity and inclusion.
Companies Reinforce Commitments to Stakeholders Despite Continued Global Uncertainties
October 24 | Alexander Parkinson, Senior Researcher and Associate Director, Society for New Communications Research (SNCR), The Conference Board | Comments (0)
Giving in Numbers: 2017 Edition, published by CECP in association with The Conference Board, has found the world’s leading corporations are emphasizing strategy and outcomes more than ever with 60 percent of companies allocating more resources to programs that align with their strategic social cause area and 87 percent of companies measuring the impact of at least one grant.
Nonprofit Board Leadership: A Team Approach
October 17 | Alice Korngold, Author, A Better World, Inc.: How Companies Profit by Solving Global Problems...While Governments Cannot | Comments (0)
Leadership succession planning for the position of chair is often a daunting exercise for nonprofit boards. Most nonprofits understand that the position is highly consequential for the strategic and financial success of the organization. Nonprofits will be stronger, however, if the chair is recognized as the leader of the board leadership team, rather than a soloist.
Innovating for a Better World: The Rise of Corporate Social Innovation
October 10 | Bradley Googins, Executive Director Emeritus, Boston College Center for Corporate Citizenship | Philip Mirvis, Author | Comments (0)
In business circles, at conferences, and in management literature, it is now commonplace to hear that corporate social responsibility (CSR) is dead! This is surely so if this means CSR is only about philanthropy. But perhaps its death knell also reflects the view that CSR has been sidelined by efforts to give the firm a more noble purpose and connection to stakeholders (Conscious Capitalism) and to use corporate assets to create value for both the business and society (Shared Value).
Matching Gift Programs for Employees: No Small Change
October 04 | Alice Korngold, Author, A Better World, Inc.: How Companies Profit by Solving Global Problems...While Governments Cannot | Comments (0)
It’s in the interests of companies to encourage and support their employees who volunteer and make financial contributions to nonprofits. Employees who volunteer and contribute help their companies to advance important commitments to the U.N. Sustainable Development Goals (SDGs), from addressing hunger, poverty, gender equality, education, healthcare, and social injustice, to climate change, and sustainable cities and communities.