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Next Director - what is an NFP?

Posted by Sharon 27 January 2010

I am following a very interesting discussion on the Next Director community discussion on LinkedIn about how a new director can deal with a Chairman who appears averse to the CEO’s moves to shift the organisation from being a “loss leader” to operating on sound business principles.

I like a lot of the comments and found the comment by David Willcox from NEM particularly appropriate and amusing: Not-for-profit is a misnomer and most NFPs “would object if they were referred to as “for loss”.  In reality, NFP are ‘not for distribution of their net profits, except in accordance with their constitution’”.

If you are interested in joining the Next Director community send an email to sharon[at]apassion.com.au and I will invite you to the discussion group.

2 Responses to “Next Director - what is an NFP?”

1. Matt Moore Says:
   March 7th, 2010 at 12:16 pm

   This isn’t a particularly original idea but a positive acronym might be better - FSG (For Social Good) rather than a negative one (Not…)

2. Sharon McGann Says:
   March 7th, 2010 at 12:19 pm

   I agree. Now all we have to do is change the industry’s usage of the acronym!

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