How Skilled A Leader Is No One Posses All Of The Answers

985 WordsAug 21, 20164 Pages
matter how skilled a leader is no one posses all of the answers, instead the key is to cultivate leadership in areas that the CEO is not especially strong in. Since McClain does not have any financial accounting experience HHV should hire a financial professional to serve on staff (Bell & Schaffer,2005). HHV should allow this professional to do the accounting work they should also expect the professional teach MClain and other key leaders the basics around nonprofit accounting. McClain cannot simply delegate financial management instead the CEO is responsible for the total leadership of the organization including finances. If Joseph McClain does not commit to learning about nonprofit financial accounting his followers will quickly notice. Once the followers of a nonprofit organization realize that their CEO is unaware of finances, they might attempt to take advantage of the situation leading to more issues like the lawsuit filed in 2006. This could allow embezzlers to go unnoticed. Also if followers see that the CEO is uninterested in accounting they might also take an attitude of indifference concerning accounting regulations. Establishing a culture of accountability is a key duty of a nonprofit CEO. By hiring a professional to help teach nonprofit accounting McClain would help create a culture of accountability, and awareness around nonprofit accounting. The next thing that HHV must do is implement some financial controls. One benefit of financial controls is that they

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