January 15, 2009
How Board Members Can Respond to Investment Turmoil
It used to be that serving on the investment committee of a nonprofit group's board was a coveted position, offering the opportunity for a committed board member to achieve tangible results for the benefit of the charitable mission. Committee membership attracted volunteers with investment sophistication. Not anymore. Volatile markets, investment-manager scandals, and increased regulatory scrutiny have combined to make such committee service more of a hardship than a reward. Even the
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