06/02/2026
Boards aren't just a nonprofit thing.
Small businesses β especially those structured as corporations or co-ops β have governance obligations too. And while the context is different, the fundamentals have more in common than most people realize.
What's similar:
β’ The need for clear roles and responsibilities at the leadership level
β’ The importance of documented policies β conflict of interest, financial oversight, decision-making authority
β’ The value of regular evaluation and strategic planning
β’ The risk that comes from operating without clear structure
What's different:
β’ Nonprofit boards carry a fiduciary responsibility to a public mission β not to shareholders or owners
β’ Nonprofit governance is subject to specific regulatory requirements
β’ Nonprofit boards are typically volunteer-led, which creates different dynamics around accountability and engagement
β’ Small businesses have more flexibility in governance structure, but that flexibility can become a liability without intentional design
Whether you're building a nonprofit board or structuring governance for a small business, Olive works across both β because good governance looks like good governance, regardless of sector.
Questions? We'd love to connect.
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