Thursday, May 21, 2015

IASB Board of Directors
approves policies, plans

New policies, board goals, action plan, work calendar, and the annual budget were approved when the IASB Board of Directors met for its quarterly meeting May 1-2 in Springfield.

The board has dedicated a portion of each meeting over the past two years to review and revise its policies. The latest meeting focused on interpretations and evidence of its board and board member development policy, as well as operational indicators that are used to monitor the effectiveness of board policy. The board approved indicators for compensation and benefits, financial planning, and asset protection.

After completing its annual board self-evaluation, the directors focused on two new goals that they will work on in the coming year: new director orientation and board leadership. Their annual work plan indicates that the August meeting will review of policy and interpretations and indicators, establishing a monitoring schedule, and planning for how it connects with the “ownership” of the Association, i.e., IASB members. IASB staff members Dean Langdon and Angie Peifer continue to work with the board on these processes.

The next quarterly meeting will be held Aug. 22-23 in Chicago, in conjunction with NSBA’s 2015 Summer Leadership Seminar. This event combines the NSBA Central Region meeting, President’s Retreat, and the Leadership Institute into one event that begins on Thursday, Aug. 20.

The IASB Board of Directors also approved the FY16 budget. Assumptions prepared by Executive Director Roger Eddy and staff indicate a decrease in revenues to $10,416,143, and an increase in expenses to $10,662,678. The decrease in the cash balance is almost entirely related to implementation of new association management software, Eddy said.

The board also heard reports on Service Associates, the 2015 Joint Annual Conference, Vision 20/20 initiatives, current state legislative proposals, and an overview on the board’s role in connecting with ownership.