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Tag: governance

What information should the board require of the club manager?

Truly effective boards focus on three key areas: strategy, finance and governance. Boardroom excellence is defined by focus and allocation of resources, such as time, energy and talent. Club members who choose to be servant leaders for their clubs are paid nothing, devote considerable time

How is governance different with a management company?

While governance is not traditionally viewed to be a proficiency of most club management companies, their expertise in club finances and strategy can be valuable. Management companies generally do not take over the management of private clubs without a full, explicit and documented construct in

How can a club deal with a lengthy resignation list?

While pre-recessionary conditions were causing a spike in initiation fees, clubs were creating structures that would pay deposits back. Unfortunately, once the economy shifted, resignation lists grew and people became disgruntled over the long wait for refunds. Plummeting membership sales began to force clubs to

Focused Leadership

PRIVATE CLUB BOARDS have clear charges: 1) preserve and protect the club’s assets; 2) ensure effective strategic vision; 3) provide thorough financial resources; and 4) execute sound governance. Yet, many club boards struggle to achieve focused leadership, becoming distracted with tactical matters that should be

Governance Trends: What Can Your Board Learn?

Board governance provides crucial leadership to private clubs, offering valuable perspectives on the direction the club should be heading. Who makes up the board, how they are trained and evaluated, and other key factors impact their performance and potential. This article dives into the latest

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