Finance Committee Orientation Meetings are Worth the Effort [SUBSCRIBERS-ONLY]
Is having regular finance committee orientation meetings value-added? The answer is a “Strong Yes.” If you are thoughtful with planning and execution of the finance committee orientation meeting, the answer will be an “Amazing Yes.” The return on time and effort here will pay many dividends.
Do not have a finance committee orientation meeting just to say you had one and to check a box. Plan to be more thoughtful in your approach.
The purpose for having a finance committee orientation meeting (FCOM) is to help participants to be better stewards of how financial resources are used and to help them monitor the related impact on sustainability and financial health. You want the participants to come away from the FCOM feeling empowered, appreciated, useful, and with new knowledge and skills to help them fulfill their fiduciary roles.