I think you're tripping up on the term "trustees". Generally, a term like Board of Trustees is a synonym for Board of Directors. They're the same thing.
Hi Greg, can you please make a video about foundation grants given to foreign countries that do not have a U.S. arm? Specifically the equivalency determination and expenditure responsibility process and how to start those :)
Hey Greg, Great video, however, you failed to speak about age limits. When are you too old to serve? ( I.E. Think Sen. Diane Feinstein and Former Justice Ruth Badder Ginsburg)
@@CalGreenCompliance Not when it comes to the board of directors in European countries and here in the U.S. it is common to set an age limit for members of the board at Lockheed Martin it is age 70. I can tell you that because I am a former 20-year-plus attorney who has worked in many board rooms. Age discrimination is only applicable to employment positions. Your board of directors are NOT employees.
Good point. Even in those situations where a mostly perpetual board seat makes some sense, there often reaches a point where too long is defined by no longer being mentally competent. And that age is vastly different person to person. My Dad is going on 83, but he looks and acts like he's 63. And, he sits on the boards of at least 2 nonprofits, still able to fully contribute. On the other hand, your examples (plus a certain octogenarian occupying 1600 Pennsylvania Avenue and Mitch McConnell) clearly were and are politicians who are shells of their former selves. It's not age discrimination at all to set a reasonable service limit on board service.
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I'm trying to find a specific answer: What are the responsibilities of Board of Trustees? Do you have a video or blog on this?
I think you're tripping up on the term "trustees". Generally, a term like Board of Trustees is a synonym for Board of Directors. They're the same thing.
It definitely depends on the situation. Ours are lifetime appointments. Term limits weakens the board....
Hi Greg, can you please make a video about foundation grants given to foreign countries that do not have a U.S. arm? Specifically the equivalency determination and expenditure responsibility process and how to start those :)
We'll definitely consider that.
Hey Greg, Great video, however, you failed to speak about age limits. When are you too old to serve?
( I.E. Think Sen. Diane Feinstein and Former Justice Ruth Badder Ginsburg)
We think you are trying to be funny, but what you described is age discrimination.
@@CalGreenCompliance Not when it comes to the board of directors in European countries and here in the U.S. it is common to set an age limit for members of the board at Lockheed Martin it is age 70. I can tell you that because I am a former 20-year-plus attorney who has worked in many board rooms. Age discrimination is only applicable to employment positions. Your board of directors are NOT employees.
Good point. Even in those situations where a mostly perpetual board seat makes some sense, there often reaches a point where too long is defined by no longer being mentally competent. And that age is vastly different person to person. My Dad is going on 83, but he looks and acts like he's 63. And, he sits on the boards of at least 2 nonprofits, still able to fully contribute. On the other hand, your examples (plus a certain octogenarian occupying 1600 Pennsylvania Avenue and Mitch McConnell) clearly were and are politicians who are shells of their former selves. It's not age discrimination at all to set a reasonable service limit on board service.
@@gregmcray Hey Greg, great follow-up and great points. Also, most for-profit Fortune 500 corporate boards in America set age limits.
@@waynecmontgomery Yes, they do.