According to data from Club Benchmarking, the median Net Available Capital Ratio for clubs is 11 percent. However, just like any other data point, this statistic must have context before it can be put to work in the decision-making process. Like Plato said, “A good
Effective governance is a matter of aligning authority and accountability by clearly designating roles and responsibilities. It is folly to assign accountability when proper authority has not been directed to the person to be held accountable. Top-performing clubs exercise great diligence for ensuring that authority
Club boards are typically made up of people who have been successful in some sector of business. Unfortunately, that acumen is often “lost in translation” on its way to the boardroom due in large part to a disconnect between the language of finance commonly used
Data is critical to effective club governance. It can provide key information to help clubs determine the best course of action and avoid conjecture that can produce negative results. Over the last handful of years, my focus has been on understanding the club as a
As the membership demographic of private clubs in the United States ages, so do the members’ children and, as is the case with the general population, the percentage of members’ children with developmental and related disabilities and other special needs continues to rise. According to
Pew Research Center learned in a 2015 survey of Americans that trust in the federal government was among the lowest levels in the past 50 years. Only 19 percent of Americans say they can trust the federal government always or most of the time …
I AM PROUD TO HAVE THE PRIVILEGE of being a member of the Friars Club. To me, the Friars Club is an oasis in the middle of a concrete metropolis. Located in the heart of New York City, it is a comfort zone for meeting
Some windstorm emergencies, such as a hurricane, are foreseen well in advance, allowing sufficient time for precautionary action. However, some may occur suddenly, like a tornado, and require more specialized planning involving the implementation of time-related loss reduction controls and procedures designed to reduce loss
RECENTLY, I HAD THE PLEASURE OF PARTICIPATING in a keynote panel at the Golf Inc. Strategies Summit to discuss the rapid changes in the golf and private club industries and how the National Club Association is undergoing its own change with a new president &
FOR MOST CLUB LEADERS, control of the U.S. Senate is an afterthought of the 2016 elections. Indeed, Hillary Clinton and Donald Trump have provided quite enough entertainment for everyone to be focused solely on them. However, a change in the U.S. Senate’s majority might have