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Board members often enjoy benefits that aren’t always available to the general population or workforce. What types of benefits these might be will depend on the organizational structure, such as whether it’s a public company or a nonprofit, as well as other factors. Benefits offered will also vary from corporation to corporation and a

There is often some confusion about the difference between a board member and a board observer when it comes to a board of directors. In addition to understanding the role each one plays, there are also usually questions about the rights each is entitled to and what their responsibilities are. Let’s dive into these differences! [&hellip

There’s a common misconception that board members are all employees of an organization–this is not true. Up until a few decades ago, board members received pensions and other benefits typically associated with being an employee, but this is no longer the case. Treating board members like employees is now seen as a conflict of interest

According to law, public companies in the U.S. must have a board of directors that protects the interests of the shareholders in an organization. Each member of the board of directors is an elected body through a formal board nomination process.  A board of directors is a governing body that is considered the company's top […]

How a corporation decides who its board members are is a process that most people are unfamiliar with. The common belief is that the executives of companies simply choose their own board members, but for many public corporations and companies that have a large number of shareholders, this is not the case.  Receiving a board […

Very few people understand how a corporate boardroom works. Many assume a corporation simply promotes from within by choosing its own board members; however, this is not the case in the majority of corporations, especially when those corporations are accountable to shareholders.  In this article, we’ll explain the board nomination

When it comes to elections and voting, there’s a lot of vocabulary at play. Below, we’re going to discuss what it means for someone to be nominated versus elected–in short,  ‘nominated’ refers to a person chosen for a position, and ‘elected’ means they obtain a position by receiving the most votes. We’ll also explain

Elections aren’t just for the government. Every day, elections are conducted in corporate boardrooms, labor unions, and organizations all across America. These elections range from a simple majority vote on a proposal to complex union elections at both national and local levels.  Whether it is a simple election or a complicated one

When most people think of what it means to vote, they typically think about local, state, and federal elections related to government. But each and every day, all kinds of elections take place that have nothing to do with the government.  This voting takes place in the boardrooms and the workforces of America's companies and [&hellip

Online union voting is a democratic process in which workers vote for the representatives who will bargain on their behalf. These reps are incredibly important because they give workers a say in how their workplace is run. Unions play an important role in protecting workers' rights and ensuring that they're treated fairly. Sometimes, thou

Operations come to a halt during union strikes. If the strike lasts more than three days, it may cause serious social or financial damage to the involved parties. Below, we've shared details of what this social and financial damage could look like and how unions can avoid it–read on to learn more about what happens […]

More than fourteen million Americans are members of a union of some sort, ranging from education, transportation, and government to healthcare, construction, and more.  A union presents a collective to advocate for workers’ rights and allows them to pull together and negotiate for their contract needs. For instance, labor unions he

A ‘secret ballot’ is a voting method used for elections in which the voter’s identity remains anonymous to allow for political policy. This anonymity is to protect voters from any means of unfair voter influencing, threats, blackmail, scare tactics, or external attempts of bribery or coercion.  There are many different ways of

A union is an organization that serves as an exclusive representative for a group of employees to bargain for wages, hours, benefits, health and safety, working conditions, and more. For a union to become your exclusive representative, a majority of the employees must vote to unionize or form a union.  The purpose of a union [&hellip