Belonging to, or even visiting a club, comes with certain expectations. One of which is that an elevated level of service will be experienced. In order to deliver on these expectations, clubs are turning to sophisticated technology applications not only to streamline tedious and time
The result of the November 2016 elections brings a close to the Obama years. For the first time since the 109th Congress (2005-2006), there will be a Republican President and Republican majorities in both houses of Congress. Obama Administration’s Negative Impact on Clubs During the Obama
A negative pledge is an arrangement made between the club (borrower) and the bank (lender) whereby the club will pledge not to encumber or sell the club or refinance the loan without the approval of the bank. It gives the bank more control over the
According to data from Club Benchmarking, the median Net Available Capital Ratio for clubs is 11 percent. However, just like any other data point, this statistic must have context before it can be put to work in the decision-making process. Like Plato said, “A good
Effective governance is a matter of aligning authority and accountability by clearly designating roles and responsibilities. It is folly to assign accountability when proper authority has not been directed to the person to be held accountable. Top-performing clubs exercise great diligence for ensuring that authority
Club boards are typically made up of people who have been successful in some sector of business. Unfortunately, that acumen is often “lost in translation” on its way to the boardroom due in large part to a disconnect between the language of finance commonly used
Data is critical to effective club governance. It can provide key information to help clubs determine the best course of action and avoid conjecture that can produce negative results. Over the last handful of years, my focus has been on understanding the club as a
As the membership demographic of private clubs in the United States ages, so do the members’ children and, as is the case with the general population, the percentage of members’ children with developmental and related disabilities and other special needs continues to rise. According to
Pew Research Center learned in a 2015 survey of Americans that trust in the federal government was among the lowest levels in the past 50 years. Only 19 percent of Americans say they can trust the federal government always or most of the time …
I AM PROUD TO HAVE THE PRIVILEGE of being a member of the Friars Club. To me, the Friars Club is an oasis in the middle of a concrete metropolis. Located in the heart of New York City, it is a comfort zone for meeting