No Money, No Mission: The Importance of Strong Financial Management through Leadership Transitions

Description

This event is offered by our partner in another state. Please double-check times and time zones prior to registering.

Organizational leaders of all levels need to learn how to make sure their finances can survive an expected or unexpected leadership transition. With many retirements on the horizon and continuing increased pressures on our organizations, the sector will continue to see significant leadership turnover. When finances only live in one or two people’s brains, things can fall into disarray quickly! And as we all know, good financial management – and accountability! – can make or break an organization. During this session you will learn how you can be better prepared with your finances and financial management for a transition, and how to navigate the transition once it happens.

Learning Objectives:

• Understand the financial risks and vulnerabilities associated with leadership transitions
• Identify key financial information, processes, and documentation that should be institutionalized rather than held by individuals
• Learn practical strategies to strengthen financial continuity and accountability before, during, and after a leadership change
• Gain tools and practices to support a smooth financial handoff and maintain organizational stability during transitions

Offered by our partner, Minnesota Council of Nonprofits