Author Archives: Patrick Kelsey

Victoria’s Secret Owner Accuses Buyer in Scrapped Deal

The owner of Victoria’s Secret said a private-equity firm’s attempt to back out of an agreement to buy the lingerie chain is a ploy to lower the price of the deal.

L Brands Inc. said Sycamore Partners revealed its motivations earlier this month when it sent L Brands a letter stating it wanted to buy Victoria’s Secret, but at a different price, citing the pandemic’s impact, according to a complaint filed Thursday. Sycamore filed a lawsuit after L Brands declined to renegotiate the purchase price, the complaint said.

Click here for the entire article: https://www.wsj.com/articles/victorias-secret-owner-accuses-buyer-of-gamesmanship-in-effort-to-scrap-deal-11587692636?mod=pls_whats_news_us_business_f.
Source: WSJ.com: US Business

5 reasons we need emotionally intelligent leaders in times of crisis 

In times of crisis, especially unexpected ones, we humans tend to react with a fight-or-flight response. We are hardwired that way; it was programmed into our primitive brain from the time we lived in caves. During times of crisis and fear, such as we are now experiencing, we look to our leaders more than ever to provide us with guidance, hope, and support. While our leaders will not have all the answers, we have expectations that they will find the right people to help them, provide moral support and direction, and shine a light to help us find our way to a better place. We are looking for someone who we trust to have our best interests at heart. This requires a leader who has a level of emotional intelligence in order to manage their emotions and help us in managing ours for the better good of all of us.

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Here are five things that emotionally intelligent leaders demonstrate in times of crisis:

Empathy

Maya Angelou said, “People will forget the things you do, and people will forget the things you say. But people will never forget how you made them feel.” How leaders are judged in a difficult time is not necessarily what they said or did, but how they made people feel. While they may say the right words read from a teleprompter, many people will sense if the leader is not being authentic, or simply saying what is expected of them. Leaders who are genuinely empathetic and concerned for the needs of those they represent will come across as honest, sincere, and authentic.

Self-awareness

Like all of us, leaders have the full range of emotions. Because of their power to influence so many people, the expectation that they will keep their emotions in check are much greater than they are for the rest of us. During times of crisis, the most effective leaders are able to control their fear, their impulse to avoid any responsibility and blame others, that we all struggle with during the most difficult times. To keep their emotions in check, leaders need to be aware of what they are feeling, what emotions may be most difficult for them to manage, and work on having them under control before communicating publicly.

Adaptability

During a crisis, the situation may change drastically and constantly without warning. It is crucial that leaders are able to move along with the crisis as it changes. Being uncomfortable with not having all the answers, being vulnerable, and relying upon others who are knowledgeable are all traits that highly adaptable leaders share. They don’t pretend to have answers that they don’t have, but they provide assurances and comfort in letting us know that answers will be found.

Social awareness

Emotionally intelligent leaders are aware of how the crisis is affecting those involved and think of this before they communicate publicly. A major fail in this regard came about after the Gulf of Mexico oil spill, when BP CEO Tony Haywood stated, “I just want my life back.” His lack of awareness of how this came across to the loved ones of those who lost their lives and everyone who was affected made him sound totally tone-deaf. It showed a complete lack of empathy and awareness of how others might feel and see things during this time.

Strong authentic communication

While it is important that a leader have good communications skills during crisis situations, it is also important that they speak with authenticity and in a style that they speak in naturally. People who are used to hearing them speak will pick up when a leader is communicating differently than usual and question their genuineness and authenticity. Communicating through a crisis is often the most difficult thing a leader has to do, and it can push them far out of their comfort zones. The best leaders rise to the occasion and push themselves to the point of allowing the best of themselves to come through.

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Click here for the entire article: https://www.fastcompany.com/90494808/5-reasons-we-need-emotionally-intelligent-leaders-in-times-of-crisis?partner=feedburner&utm_source=feedburner&utm_medium=feed&utm_campaign=feedburner+fastcompany&utm_content=feedburner.
Source: Fast Company

BoardSource Facebook Live: Dissolutions & Mergers

On Tuesday, April 28, at 9 am PDT / 12 pm EDT, I’ll be on Facebook Live with Nadya K. Shmavonian (Partner, SeaChange Capital Partners.) and host Andy Davis (Associate Vice President of Member Education & Outreach, BoardSource) to discuss dissolution and mergers of nonprofits resulting the COVID-19 crisis.

We’ll be responding to questions from attendees, but I believe we may cover some discussion on any of the following topics:

Dissolutions

In March, a CNN article expressed that “Covid-19 is poised to become an extinction-level event for America’s nonprofits.” Sadly, as our society and norms are evolving with the pandemic, many charities are finding themselves unable to hold fundraising events, meet in person with major donors and prospects, deliver services requiring physical presence, and perform many other earned income activities. The article further noted: “Unless government, funders and nonprofit leaders take immediate and decisive action, many nonprofits around the nation may just disappear over the next few months leaving those they serve and employ in disastrous circumstances.”

Dissolution is and will be an option for many charities during the COVID-19 era. Many organizations and consultants have published resources to help charities manage through and beyond the immediate crisis, and a great many will, but a large number will not. Their leaders will determine that they no longer have all the resources necessary to advance their missions effectively and efficiently. And if they lack the capacity for a successful turnaround or if they determine another organization is better positioned to advance their common mission, these leaders may make the decision to dissolve and, to the extent possible, grant their remaining assets to another organization.

Considerations and Issues:

  • Governance and fiduciary duties (focus on mission and values)
  • Financial position and burn rate
  • Legal obligations, including contractual and grant obligations
  • State and federal filing obligations
  • Employment-related obligations
  • Sale/transfer of assets
  • Bankruptcy
  • Insurance (e.g., D&O coverage beyond the dissolution)
  • Document retention and destruction (statute of limitations)
  • Legacy
  • Dissolution vs. alternative options (including a merger)
  • Dissolution plan
  • Communication with stakeholders (including internal recognition of impact, accomplishments of the organization, and advocacy messages to advance the mission)
  • Dissolution filings
  • Final transfer of remaining assets
  • Final filings

Resources:

Mergers and Asset Transfers

For some charities, difficult periods of distress may also create opportunities to merge with another charity. During other periods, the general rule may be that it’s best for a charity to consider a merger when it’s not in a position of weakness so it can use some leverage to protect its core values, goals, programs, and employees post-merger. However, if a charity’s alternative to a merger is dissolution or bankruptcy, the discontinuation of all of its programs and services, and termination of all of its employees, a merger may be a preferable option. Still, this should be done in advance of a charity’s insolvency and boards should ensure these opportunities are explored well in advance if insolvency is a threat.

In many cases, particularly with respect to a highly distressed charity, a merger may not be an available option. However, a charity may still have highly attractive programs and/or other assets that can be preserved and built upon by another charity. Such other charity may not be interested in a merger, but it may be motivated to acquire such programs and assets (including certain personnel).

Considerations and Issues:

  • Governance and fiduciary duties (focus on mission and values)
  • Benefits, detriments, opportunities, and risks
  • Existing relationships
  • Stakeholder receptivity and education
  • Discussion with other charity
  • Culture fit
  • Planning
  • Due diligence – your charity and the other charity
    • Assets – financial and otherwise (e.g., relationships with donors and other organizations, key licenses)
    • Liabilities and threats – financial and otherwise (e.g., employment-related, litigation-related, public relations-related)
    • Obligations – contracts, grants, other
    • Opportunities – efficiencies, expansion, improvements in services
    • Other legal issues (e.g., mission-consistency, multi-jurisdiction registrations, filings, transfer taxes, fraudulent transfers)
  • Decision on the form of collaboration
  • Process (Merger)
    • Approvals
    • Merger agreement
    • Filings to effect the merger
    • Final filings of disappearing corporation
  • Communications – internal and external

Resources:

The post BoardSource Facebook Live: Dissolutions & Mergers appeared first on Nonprofit Law Blog.

Click here for the entire article: http://www.nonprofitlawblog.com/boardsource-facebook-live-dissolutions-mergers/.
Source: Nonprofit Law Blog

The sgENGAGE Podcast Episode 144: Leveraging Personas for Fundraising During COVID-19

Many things have changed in response to COVID-19, but the missions and purposes of social good organizations remain the same even if their methods must adjust to meet the current situation.

In today’s episode, Melissa Bank Stepno, Director of Analytics Consulting at Blackbaud joins the podcast to talk with Steve MacLaughlin about using personas for fundraising during COVID-19. Listen in to hear what Melissa has to say about the value of continued engagement, what organizations should be focusing on right now, and how personas can help their messaging.

Topics Discussed in This Episode:

  • What Melissa is hearing from organizations right now about fundraising during COVID-19
  • The importance of continued engagement
  • What organizations should focus on right now
  • The importance of data health
  • How organizations can use personas to fine-tune messages for their audiences
  • Examples of personas and how they work
  • How the imagery can match the message
  • How organizations can learn more about personas

Subscribe to the podcast on iTunesStitcher or your preferred streaming service for future episodes!

Listen Now:

Resources:

 

Notable Quotes:

“Every nonprofit in the country, in the world, exists for a purpose and for a reason, and those missions are all still valid today.”

“The health of the addresses on your file, the phone numbers on your file, the emails on your file is more critical than ever as we’re thinking about how we can reach people where they are.”

“How can you meet somebody where they are at their point in time in life, and what they’re most interested in?”

Click here for the entire article: http://npengage.com/sgengagepodcast/the-sgengage-podcast-episode-144-leveraging-personas-for-fundraising-during-covid-19/.
Source: npENGAGE

The 7 Biggest Mistakes In Handling Donor Data

So much is written every month in various nonprofit publications and blog posts regarding the insights and best practices revolving around fundraising. Virtually all of them are truly insightful and can lead to greater successes. However, just a few mistakes here and there in the handling of your data can easily decrease your fundraising totals by […]

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The Secret Every Successful Nonprofit Leader Knows About Being Productive

I’m facilitating a peer learning project on practical networked leadership skills for emerging nonprofit leaders.    As we all know, living in a networked world creates opportunities for abundance.   But having many choices and opportunities requires developing a special set of skills  in order to be successful.  … Read More

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Source: Beth’s Blog

Co-Production Checklist Establishing a partnership or LLC to produce one film

 Date of Agreement: Parties, addresses and phone numbers and their attys or agents: (specify type of entity, corp., LLC etc.): Current owner of script:    Has script been optioned? If so, from whom to whom? Author of script: Script credit:  Production Financing: (list contributions of each investing party)  Party                   Amount invested  _________________________ Do […]

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Source: Entertainment Law Resources – BLOG

Set SMART Marketing Goals and Thrive

What are SMART marketing goals? In 1981, management scholar George T. Doran wrote a paper in Management Review called, “There’s a S.M.A.R.T. way to write management’s goals and objectives.” He introduced the S.M.A.R.T. objective-setting method using an acronym to help managers set goals. Over time, Mr. Doran’s methodology has grown into the methodology we use today with our clients.

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Source: Social Media Today RSS

How To Give Regular Feedback And Still Get Work Done

Performance reviews twice a year do little to help people improve. Here’s how to give constant feedback and and still get things done.

It’s been printed in enough management articles that it’s probably implanted in your brain: Millennials want constant feedback.

Read Full Story


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Source: Fast Company

A free guide to launching successful Campaign Pages

Last week we introduced you to our new crowdfunding tool for charities. It’s called Campaigns and it helps you raise funds FAST for a particular cause, project or appeal. We’ve already seen some great Campaigns launched by charities of all shapes and sizes, so we thought we’d share some them with you today, plus give you our new free Campaigns […]

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Source: JustGiving blog

4 Tips for Grant Ask Amounts

You’ve done your homework and found a number of grants that are a good fit for the type of work you do and your geographic location, which is a great start. Now you need to decide how much you should ask for in your letter of inquiry or your full proposal to the funder. Here […]

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Source: Fractured Atlas Blog

10 (Harsh) Truths Nobody Tells You About Being an Event Planner

A lot is written and observed about the traits of Event Managers and what it takes to be a great Event Planner. On the flipside however some of these common characteristics we share and our demanding career path can actually be a nightmare for those around us, at home, work and play. In… Read more

The post 10 (Harsh) Truths Nobody Tells You About Being an Event Planner by Becki Cross appeared first on http://ift.tt/J6qxq8

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Source: Event Manager Blog

8 Steps to Simplify Registration and Improve the Attendee Journey

This is a sponsored post written by Robin Gallegos, Event Marketing Manager at Lanyon. More information about Event Manager Blog’s sponsored posts. Planners know that a great event has to deliver something to every stakeholder. Attendees need information, networking opportunities and… Read more

The post 8 Steps to Simplify Registration and Improve the Attendee Journey by Guest Author appeared first on http://ift.tt/J6qxq8

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Source: Event Manager Blog