The role of boards in the failure and turnaround of non-profit organizations
| Publication Type | Journal Article |
| Year of Publication | 2004 |
| Authors | Mordaunt J, Cornforth CJ |
| Journal | Public Money and Management |
| Volume | 24 |
| Issue | 4 |
| Pagination | 227-234 |
| Date Published | 08/2004 |
| ISBN Number | 0954-0962 |
| URL | http://oro.open.ac.uk/1408/ |
| Refereed Designation | Refereed |
Abstract
This article reports on research that examined the role that boards play in the failure and turnaround of non-profit organizations. The article concludes that boards do often play an important hands-on role in turnaround, which is different from that described in much of the normative literature. As well as needing skills, such as leadership, those board members leading the change process need high levels of commitment, emotional resilience and a ‘safe place’ to formulate plans.
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