Ignorance is Not Bliss

 

As I introduced myself at a networking event last week, I indicated that Strive! helps board members fulfill their legal responsibilities.I was both surprised and concerned at the response, “I sit on a board.I didn’t know I had legal obligations.”This reminded me of some other board experiences.When I encouraged one board to take a higher level of responsibility for the organization I was told that since the organization wasn’t large, it wasn’t important to practice such due diligence.In another situation, once the board had decided to wind down a financially troubled organization, the majority of board members resigned immediately, leaving just a few to assume the responsibility of the wind down process.Although most board members realize they have some legal responsibilities, too few understand what those obligations are.Many operate according to the maxim, ignorance is bliss. (more…)