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Tag: governance

How should club management respond to an audit

Q: What are the most common issues addressed in the management letter following a club audit? How should management respond? A: Club operations have garnered increased attention from club boards during the recent economic downtown. Pressure to cut costs inevitably results in internal controls suffering—specifically

Sound Governance

As with many non-profit organizations, effective governance is a key to achieving overall success for private clubs. Those that are the most successful are generally the ones that create strong partnerships between the board chairman and the general manager communicate effectively and follow best practices.

What is the ideal size for a club board?

Q: What is the ideal size for a club board? A: Many clubs are saddled with overly large boards, as those tend to be the standard of the day when their by-laws were written many years ago. Too many governors, which we’ll describe as anything more

On Course: How a GM and Board Find Equilibrium

The relationship between a club’s general manager and board members is one of the most critical partnerships to the club’s success. The general manager is charged with the day-to-day conduct of the club’s operations and supervises and directs all activities and affairs. The board is

Expert’s Corner: Finances and Proper Governance

Q: What are some key best practices related to conducting accurate pricing comparisons on club supplies? A: It is important to know what to look for when you receive a price comparison. In many cases, comparisons pair the customer’s purchases with lower quality items. For example,

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