{"id":73956,"date":"2020-06-05t12:00:42","date_gmt":"2020-06-05t16:00:42","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=73956"},"modified":"2020-06-13t11:19:59","modified_gmt":"2020-06-13t15:19:59","slug":"does-your-firms-board-know-its-role","status":"publish","type":"post","link":"\/\/www.g005e.com\/2020\/06\/05\/does-your-firms-board-know-its-role\/","title":{"rendered":"does your firm\u2019s board know its role?"},"content":{"rendered":"<p><strong><a href=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2016\/08\/6peoplemeeting_a-31752-621.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-49656\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2016\/08\/6peoplemeeting_a-31752-621-424x318.jpg\" alt=\"six businesspeople in meeting around table\" width=\"424\" height=\"318\" \/><\/a>mission, vision, strategies, action plans &#8230; they all need to be aligned.<br \/>\n<\/strong><\/p>\n<p><i>by steven e. sacks<\/i><\/p>\n<p>the supposed purpose behind a cpa firm creating a board is not to micromanage, design a company logo or address human resource issues. neither is its role to sit around and smoke cohiba esplendido cigars and sip louis xiii de remy martin grande cognac. this glad-handing, back-slapping culture led to the financial breakdowns in the early 2000s and is possibly still happening today.<\/p>\n<blockquote><p><b>more: <\/b><a href=\"\/\/www.g005e.com\/2020\/05\/23\/how-to-select-your-firms-board\/\">how to select your firm\u2019s board<\/a> | <a href=\"\/\/www.g005e.com\/2020\/05\/08\/confronting-leadership-not-such-a-bad-thing\/\">confronting leadership: not such a bad thing<\/a> | <a href=\"\/\/www.g005e.com\/2020\/04\/20\/opportunities-for-cpas-when-a-new-normal-arrives\/\">new opportunities for a \u2018new normal\u2019<\/a> | <a href=\"\/\/www.g005e.com\/2020\/04\/05\/is-trust-elusive\/\">is trust elusive?<\/a> | <a href=\"\/\/www.g005e.com\/2020\/03\/17\/4-practical-approaches-to-virtual-leadership\/\">working remotely shouldn\u2019t mean feeling isolated<\/a> | <a href=\"\/\/www.g005e.com\/2020\/02\/29\/how-engaged-are-your-employees\/\">how engaged are your employees?<\/a> | <a href=\"\/\/www.g005e.com\/2020\/02\/08\/managing-difficult-personalities-in-the-workplace\/\">managing difficult personalities in the workplace<\/a> | <a href=\"\/\/www.g005e.com\/2020\/01\/19\/set-your-staff-on-the-right-course\/\">set your staff on the right course<\/a><br \/>\n<strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-49700\" src=\"http:\/\/4f2bur4nuye2cgakm2rm61qk.wpengine.netdna-cdn.com\/wp-content\/uploads\/2016\/08\/yellow_key_clip_art-e1375897299811-36p-hi-1-e1470686574894.jpg\" alt=\"goprocpa.com\" width=\"39\" height=\"16\" \/><span style=\"color: #b79c00\">exclusively for pro members. <\/span><\/strong><span style=\"color: #b79c00\"><a style=\"color: #b79c00\" href=\"\/\/www.g005e.com\/wp-login.php?redirect_to=\/\/www.g005e.com\/2020\/06\/05\/does-your-firms-board-know-its-role\/\">log in here<\/a> or <a class=\"external\" style=\"color: #b79c00\" href=\"http:\/\/goprocpa.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n<p>why would a firm create a board? in theory, it is designed to build and preserve a firm\u2019s prosperity and longevity, in the same vein as a company board. each board member should have a thorough handle on the profession and the industries that the firm serves. the board members should understand trends, the competitive challenges, and the effectiveness or lack thereof regarding the firm\u2019s structure and operations.<br \/>\n <a href=\"\/\/www.g005e.com\/2020\/06\/05\/does-your-firms-board-know-its-role\/#more-73956\" class=\"more-link\">read more &rarr;<\/a><\/p>\n<div class='shareinpost'><ul class=\"socialwrap row\"><li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.facebook.com'  href='http:\/\/www.facebook.com\/sharer.php?u=https%3a%2f%2fwww.g005e.com%2f2020%2f06%2f05%2fdoes-your-firms-board-know-its-role%2f&amp;t=does+your+firm%e2%80%99s+board+know+its+role%3f'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='facebook'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-300px 0px'   \/> <span class=\"head\">like this on facebook<\/span><\/a><\/li><li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.linkedin.com\/'  href='http:\/\/www.linkedin.com\/sharearticle?mini=true&amp;url=https%3a%2f%2fwww.g005e.com%2f2020%2f06%2f05%2fdoes-your-firms-board-know-its-role%2f&amp;title=does+your+firm%e2%80%99s+board+know+its+role%3f&amp;summary=mission%2c+vision%2c+strategies%2c+action+plans+...+they+all+need+to+be+aligned.%0d%0a%0d%0a%0d%0aby+steven+e.+sacks%0d%0a%0d%0athe+supposed+purpose+behind+a+cpa+firm+creating+a+board+is+not+to+micromanage%2c+design+a+company+logo+or+address+human+resource+issues.+neither+is+its+role+to+sit+around+and+smoke+cohiba+esplendido+cigars+and+sip+louis+'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='linkedin'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-850px 0px'   \/> <span class=\"head\">share on linkedin<\/span><\/a><\/li><li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/twitter.com\/'  href=\"http:\/\/twitter.com\/share?url=https%3a%2f%2fwww.g005e.com%2f2020%2f06%2f05%2fdoes-your-firms-board-know-its-role%2f&amp;text=%23cpa+link%3a++-+ via+%40cpa_trendlines\"  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='twitter'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-1625px 0px'   \/> <span class=\"head\">tweet this item<\/span><\/a><\/li><li class=\"icon_text\"><a rel=\"_self\" href=\"mailto:?subject=cpa%20trendlines%20:%20does%20your%20firm\u2019s%20board%20know%20its%20role?&amp;body=here's%20something%20worth%20seeing%20from%20\/\/www.g005e.com...\r\n\r\n\r\n\r\n%20%20\/\/www.g005e.com\/2020\/06\/05\/does-your-firms-board-know-its-role\/\" title=\"email this: does your firm\u2019s board know its role? \"><img loading=\"lazy\" decoding=\"async\" src=\"\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif\" height=\"24\"  width=\"24\" style=\"background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-275px 0px\" class=\"image-24\"  alt=\"email\" \/> <span class=\"head\">email this<\/span><\/a><\/li><\/ul><div class=\"clean\"><\/div> <\/div>","protected":false},"excerpt":{"rendered":"<p><strong><a href=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2016\/08\/6peoplemeeting_a-31752-621.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-49656\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2016\/08\/6peoplemeeting_a-31752-621-424x318.jpg\" alt=\"six businesspeople in meeting around table\" width=\"424\" height=\"318\" \/><\/a>mission, vision, strategies, action plans &#8230; they all need to be aligned.<br \/>\n<\/strong><\/p>\n<p><i>by steven e. sacks<\/i><\/p>\n<p>the supposed purpose behind a cpa firm creating a board is not to micromanage, design a company logo or address human resource issues. neither is its role to sit around and smoke cohiba esplendido cigars and sip louis xiii de remy martin grande cognac. this glad-handing, back-slapping culture led to the financial breakdowns in the early 2000s and is possibly still happening today.<\/p>\n<blockquote>\n<p><b>more: <\/b><a href=\"\/\/www.g005e.com\/2020\/05\/23\/how-to-select-your-firms-board\/\">how to select your firm\u2019s board<\/a> | <a href=\"\/\/www.g005e.com\/2020\/05\/08\/confronting-leadership-not-such-a-bad-thing\/\">confronting leadership: not such a bad thing<\/a> | <a href=\"\/\/www.g005e.com\/2020\/04\/20\/opportunities-for-cpas-when-a-new-normal-arrives\/\">new opportunities for a \u2018new normal\u2019<\/a> | <a href=\"\/\/www.g005e.com\/2020\/04\/05\/is-trust-elusive\/\">is trust elusive?<\/a> | <a href=\"\/\/www.g005e.com\/2020\/03\/17\/4-practical-approaches-to-virtual-leadership\/\">working remotely shouldn\u2019t mean feeling isolated<\/a> | <a href=\"\/\/www.g005e.com\/2020\/02\/29\/how-engaged-are-your-employees\/\">how engaged are your employees?<\/a> | <a href=\"\/\/www.g005e.com\/2020\/02\/08\/managing-difficult-personalities-in-the-workplace\/\">managing difficult personalities in the workplace<\/a> | <a href=\"\/\/www.g005e.com\/2020\/01\/19\/set-your-staff-on-the-right-course\/\">set your staff on the right course<\/a><br \/>\n<strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-49700\" src=\"http:\/\/4f2bur4nuye2cgakm2rm61qk.wpengine.netdna-cdn.com\/wp-content\/uploads\/2016\/08\/yellow_key_clip_art-e1375897299811-36p-hi-1-e1470686574894.jpg\" alt=\"goprocpa.com\" width=\"39\" height=\"16\" \/><span style=\"color: #b79c00\">exclusively for pro members. <\/span><\/strong><span style=\"color: #b79c00\"><a style=\"color: #b79c00\" href=\"\/\/www.g005e.com\/wp-login.php?redirect_to=\/\/www.g005e.com\/2020\/06\/05\/does-your-firms-board-know-its-role\/\">log in here<\/a> or <a class=\"external\" style=\"color: #b79c00\" href=\"http:\/\/goprocpa.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">2022世界杯足球排名 today<\/a>.<\/span><\/p>\n<\/blockquote>\n<p>why would a firm create a board? in theory, it is designed to build and preserve a firm\u2019s prosperity and longevity, in the same vein as a company board. each board member should have a thorough handle on the profession and the industries that the firm serves. the board members should understand trends, the competitive challenges, and the effectiveness or lack thereof regarding the firm\u2019s structure and operations.<br \/>\n <a href=\"\/\/www.g005e.com\/2020\/06\/05\/does-your-firms-board-know-its-role\/#more-73956\" class=\"more-link\">read more &rarr;<\/a><\/p>\n<div class='shareinpost'>\n<ul class=\"socialwrap row\">\n<li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.facebook.com'  href='http:\/\/www.facebook.com\/sharer.php?u=https%3a%2f%2fwww.g005e.com%2f2020%2f06%2f05%2fdoes-your-firms-board-know-its-role%2f&amp;t=does+your+firm%e2%80%99s+board+know+its+role%3f'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='facebook'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-300px 0px'   \/> <span class=\"head\">like this on facebook<\/span><\/a><\/li>\n<li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.linkedin.com\/'  href='http:\/\/www.linkedin.com\/sharearticle?mini=true&amp;url=https%3a%2f%2fwww.g005e.com%2f2020%2f06%2f05%2fdoes-your-firms-board-know-its-role%2f&amp;title=does+your+firm%e2%80%99s+board+know+its+role%3f&amp;summary=mission%2c+vision%2c+strategies%2c+action+plans+...+they+all+need+to+be+aligned.%0d%0a%0d%0a%0d%0aby+steven+e.+sacks%0d%0a%0d%0athe+supposed+purpose+behind+a+cpa+firm+creating+a+board+is+not+to+micromanage%2c+design+a+company+logo+or+address+human+resource+issues.+neither+is+its+role+to+sit+around+and+smoke+cohiba+esplendido+cigars+and+sip+louis+'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='linkedin'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-850px 0px'   \/> <span class=\"head\">share on linkedin<\/span><\/a><\/li>\n<li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/twitter.com\/'  href=\"http:\/\/twitter.com\/share?url=https%3a%2f%2fwww.g005e.com%2f2020%2f06%2f05%2fdoes-your-firms-board-know-its-role%2f&amp;text=%23cpa+link%3a++-+ via+%40cpa_trendlines\"  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='twitter'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-1625px 0px'   \/> <span class=\"head\">tweet this item<\/span><\/a><\/li>\n<li class=\"icon_text\"><a rel=\"_self\" href=\"mailto:?subject=cpa%20trendlines%20:%20does%20your%20firm\u2019s%20board%20know%20its%20role?&amp;body=here's%20something%20worth%20seeing%20from%20\/\/www.g005e.com...\n\n\n\n%20%20\/\/www.g005e.com\/2020\/06\/05\/does-your-firms-board-know-its-role\/\" title=\"email this: does your firm\u2019s board know its role? 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