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When you find yourself with the opportunity to sit on a board for a not for profit organization, it can be a tremendous honor. But, don’t let the honor and challenge cause you to lose sight of the potential risks.
While serving on a board can be a truly rewarding experience, it may come with some unforeseen liabilities that can come back on you personally. Before you sign on the dotted line, you may want to consider these five important risk mitigation techniques.
By following these tips for risk mitigation prior to joining a board you can set aside any concerns about personal liability and focus in full on helping the organization succeed.
Sheri Jamme is a Senior Client Manager with the Risk Strategies Private Client Group Burlingame Office. She can be reached at Sheri.Jamme@maccorkle.com.