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Basic Governance for Board Members

Know your rights, duties & stay out of trouble.
3.9 (16 ratings)
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45 students enrolled
Created by Debi Peverill
Last updated 2/2017
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  • 1 hour on-demand video
  • 39 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What Will I Learn?
Stay out of trouble as a board member. They will understand the purpose of governance, including the duties of board members, what could go wrong and what they should know about the organization
View Curriculum
  • You will not need any previous experience with being a board member or know anything about governance. All materials needed are included in the course itself.

This course is for people who serve (or are considering serving) on a board as a director or board member. The focus of this course is make sure you stay out of trouble by knowing your rights, obligations and duties as a board member.

Become a More Effective and Knowledgeable Board Member with this Comprehensive Course

  • Learn the basics of what governance is
  • Find out who stakeholders are and why they are important
  • Recognize your rights as a board member or director
  • Discover the actions that make you liable
  • Learn my: Board Decision Making Framework (ADAPPT)
  • Find out how you can stay out of trouble

Board Members Need to Understand Governance to do their job correctly

This course covers the most important issues that come with serving on a board, whether corporate, non-profit or as a volunteer. In my 20+ years of speaking professionally on governance to a variety of boards, I continue to see examples of what not to do. With this course I want to give you the necessary information to not make mistakes and not get in trouble. Important things like a members' legal responsibilities is not common knowledge to most. You may do something completely ordinary and not realize you are violating your duty as a board member. For example, a 'parking lot meeting.'

This course covers every major topic you need to practice good governance. The course is comprised of 11 lectures divided into 3 sections. At the end of each section is a quiz that will help you retain the information you just learned.

Each lecture contains a video of me talking and many lectures have slides accompanying the material. Learning resources for the course are a workbook (PDF) and Part 1 of my book (PDF), Basic Board Governance, which this course is based on.

When you have finished this course, you will be a better board member and understand what it will take to stay out of trouble.

Who is the target audience?
  • This course is for anyone who serves or who is considering serving as a director or board member of a corporation, society or charity.
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Curriculum For This Course
Expand All 13 Lectures Collapse All 13 Lectures 56:45
1 Lecture 02:33
11 Lectures 53:41

This lecture covers the topics of what governance means and how governance is everywhere in our lives. The concept of personal responsibility will be discussed in the context of organizations not being “real people” – therefore “real people” must be held accountable for the activities of corporations and societies. The duties of directors will be introduced as a topic.

After Completion: Students will understand why they care about governance and why it is ubiquitous in their lives.

What is Governance and Why Do You Care?

Quiz 1
1 question

This lecture discusses a framework of ownership and responsibility and the relative risks of carrying on activities in a partnership, corporation or society will be discussed.

After Completion: Students will understand the differences between ownership and responsibility with respect to organizations such as corporations and societies.

Preview 08:43

Quiz 2
4 questions

This lecture covers the issues of the basic questions that any organization should be able to answer such as; Why does the organization exist? What is the plan? What are the results? The framework of duties, responsibilities and rights is introduced in this lecture.

After Completion: Students will understand the importance of each organization having clear ideas about why they exist and how they are planning to achieve their goals.

Stakeholders-Who Are These People?

Quiz 3
2 questions

The liability risk of being a director is discussed in this lecture. Questions are asked about how the organization is able to avoid.

After Completion: Students will appreciate the risks of personal liability due to their board membership. Discussions

Preview 04:51

Quiz 4
1 question

This lecture covers the topic of the “reasonable person.” The question to be answered is what a reasonable person would do in any situation. The concepts of due diligence and directors insurance are discussed.

After Completion: Students will understand what due diligence means and what has to happen to show that the duty of care has been satisfied.

Duty of Care, Loyalty & Diligence

Quiz 5
3 questions

Directors are required to understand their organizations. What does that mean?

Governance documents such as the law under which the organization is incorporated, bylaws, codes and policy manuals are discussed and their importance explained.

After Completion: Students will be able to list the governance documents in their organization in order of their importance.

Duty of Knowledge

Quiz 6
3 questions

What skills do you bring to the organization? Do you hold a designation in an area of expertise? Every director has skills and must bring them to the board room table.

After Completion: What skills do you bring to the organization? Do you hold a designation in an area of expertise? Every director has skills and must bring them to the board room table.

Duty of Skill

Quiz 7
1 question

Failure to understand the financial status of an organization is the most common reason for boards getting in trouble.

After Completion: Students will understand how important it is for bard members to understand how to read financial statements and budgets.

Fiduciary Duty

Quiz 8
2 questions

Directors have an obligation to make sure the organization is being well managed. The directors delegate to management the day-to-day operations of the organization. There is a balance to be found between providing the strategic direction of the organization and achieving these goals.In addition to making sure that the organization is well managed directors make a commitment to the staff.

After Completion: Students will understand how important it is that a balance be struck between the board and the management team to achieve the goals of the organization.

Directors' Rights

Quiz 9
3 questions

Directors are the only people who can vote at the organizations meetings. This is an important right and one that is not to be taken lightly.

After Completion: Students will understand the rights of the directors to vote, to borrow and to invest and to be given notice of all meetings.

Duty to Manage

Quiz 10
1 question

This lecture is about how an individual can stay out of trouble as a director. Strategies include attending meetings, understanding the role of the board and of management, understanding the organizations governance structure and financial matters.

After Completion: At the end of this lecture students will know how to stay out of trouble as a board member. The strategies include not missing meeting, understanding financial matters and using all skills.

Individual Board Members

Quiz 11
1 question
1 Lecture 00:31
Course Summary
About the Instructor
3.9 Average rating
17 Reviews
49 Students
5 Courses
Founder & CEO of Painless Financial Training Group Inc.

Debi J. Peverill is a unique individual: a Chartered Accountant with a sense of humor. She enjoys helping business owners and managers avoid making financial mistakes, and protecting them from the government and banks. To this end she has written a series of easy-to-read financial books and spends time sharing her wisdom and insights by speaking to groups of business owners and managers.

Debi has founded three business including a public accounting firm, Peverill & Associates , in 1988 after spending ten years with national accounting firms. In 1998, she founded SBR Communications Inc., the vehicle for her speaking and publishing interests. In 2013, Painless Financial Training Group Inc. was created to offer people financial information they need to know to stay out of trouble and make more money.

She is an accomplished trainer. Debi teaches financial management courses in the Executive and Professional Development program, the Diploma in Management program, and the Executive Masters of Business Administration program at Saint Mary's University in Halifax, NS.

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