to Building Competitive Advantage © 2005 John Wiley & Sons, Inc.<br><br> Chapter 6 Raising the Bar of Accountability: SOX Best Practices and the Board Legislative Environment: Best Practices and Governance New Expectations for Board Oversight and Governance Higher Expectations for Board Membership and Deliberations SOX and the Board: Higher Performance and Greater Accountability Championing SOX Best Practices: The Board 9s Governance Role Conclusion Chapter 7 SOX Best Practices and Organizational Culture: Changing the Environment The Nonprofit 9s Organizational Culture and the Adaptation of SOX Best Practices Introducing Change Nonprofit Board Culture Strategies for Introducing Change in the Board Culture Conclusion Endnote Chapter 8 A Platinum Operating Standard Starts with Good Bones SOX Best Practices: Moving to a Platinum Operating Standard What Are Platinum Operating Standards? Review of Internal Controls Conducting the Review of Internal Controls Content and Structure of the Review of Internal Controls Report Conclusion Endnote Chapter 9 Creating a Competitive Advantage: Leveraging SOX Best Practices Competitive Advantages of Being in Compliance with Sarbanes-Oxley Best Practices Conclusion Endnotes Chapter 10 SOX Best Practices for Small Nonprofits Five Myths That Hold Small Nonprofits Back Adopting SOX Best Practices Scaling the SOX Best Practices to Fit the Needs of Small Nonprofits Keys to Success in Customizing SOX Best Practices Conclusion Appendices Best Practices: Checklists, Worksheets, and Sample Documents Appendix A Working Through the Four Basic Financial Statements Balance Sheet Statement of Operations Statement of Changes in Net Assets Statement of Cash Flows Sarbanes Oxley for Non-Profits: A Guide to Building Competitive Advantage © 2005 John Wiley & Sons, Inc. Appendix B Whistleblower Protection Policy Appendix C Document Retention and Storage Protocols Document Retention Policy 4Talking Points Writing the Policy 4Talking Points Special Designations for Sensitive Documents Storing and Archiving the Documents Testing the System Appendix D Audit Committee Procedures and Protocols Audit Committee Composition of the Committee Committee Functions and Deliverables Financial Services Vendors Service Providers 4Utilities, Water, Governmental Agencies If Your Nonprofit Needs to Relocate Appendix E Conflict of Interest Policy Talking Points Sample Conflict of Interest Letter Appendix F Code of Ethics for Board and Senior Management Talking Points Sample Code of Ethics for a Nonprofit Board Member Appendix G Board of Directors 4Governance Profile and Performance Expectations Oversight and Policy Making Term Limits Summary of Board Committees 9 Descriptions and Performance Objectives Process for Board Member Nomination and Election Appendix H Board Orientation Session Outline of Curriculum Board Binder Contents Appendix I Review of Internal Controls Report and Recommendations Introduction Systems Recommendations and Time Line Appendix J Risk Management Plan Profile Risk Management Worksheets Worksheet 1 4List Areas of Concern Sarbanes Oxley for Non-Profits: A Guide to Building Competitive Advantage © 2005 John Wiley & Sons, Inc.<br><br> Worksheet 2 4Tier 1 and Tier 2 Risks Worksheet 3 4Strategies for Dealing with Risk Worksheet 4 4Time Line Worksheet 5 4Risk Administration and Monitoring Worksheet 6 4Risk Management Plan Template: Table of Contents Sample Risk Management Plan: Table of Contents Appendix K Business Continuity Plan Emergency Protocols Contact Information for Board Members and Staff Business Resumption Strategies for Each Department within Your Nonprofit Communication Appendix L Bibliography Index

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