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 we look to the future of the private club industry, we see two interconnected issues having the most impact of club success: How clubs are governed? How clubs are managed? Without effective leadership in both areas, clubs will languish and slowly decline.
McMahon Group conducted their Annual Pulse Survey late last year to gather feedback about topics related to private clubs, ranging from membership trends to human resources to operational issues. Following is a summary of the results from the 445 managers and executives who responded MEMBERSHIP
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 …
The Internal Revenue Service (IRS) is increasing its focus on good corporate governance for tax-exempt organizations, including tax-exempt social clubs. As of 2008, Part VI of Form 990 requests information regarding an organization’s governing body and management (Section A), policies (Section B) and disclosure (Section
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
A new separation is occurring in the club world and it is based on one critical element: can your club raise the capital required to maintain premier existing conditions and offer the new amenities it needs to compete? As you know from reading NCA-McMahon’s Club Trends,