on the network
What if? FESTIVAL OF TRANSITION
Accessing financial capital to make your organisation more financially resilient
Access to financial capital from accumulated reserves, donations, grants, or non-grant finance such as loans or revenue sharing (or quasi-equity) arrangements is a key component of helping arts and cultural organisations become more financially resilient. However, often organisations do not understand how they might benefit from accessing capital, how the different financing mechanisms might best be used and how to access them.
Tackling overextension and undercapitalisation
Most arts and cultural organisations are overextended and undercapitalised or, in other words, they try to do too much with too little too often on their own.
Two case studies of non grant financing
Many arts and cultural organisations are resistant to non grant financing such as loans and revenue sharing arrangements (or quasi-equity) because they have little experience of them and/or they have anxieties about the risk of not being able to make repayment. This is understandable, arts and cultural organisations already often have high fixed costs and boards are understandably reluctant to increase them. However, a growing number of arts and cultural organisations are finding that such financing offers real benefits.
Good governance for changing times
MMM recently filmed Russell Willis Taylor (President and CEO of National Arts Strategies based in the USA) interviewing Sir Vernon Ellis (Chairman of English National Opera and the British Council) about what good governance looks like in these changing times from the perspective of someone who is chairing a relatively large arts and cultural organisation but who has established and been a board member and chairman of much smaller organisations.
Governance for greater impact
MMM recently filmed Russell Willis Taylor (President and CEO of National Arts Strategies based in the USA) and Tesse Akpeki (facilitator and coach) in conversation about how boards in the arts and cultural sector might operate more effectively and achieve greater impact.
Sustainable Ability: the qualities needed by 21st C leaders to face the challenges ahead
Are Traditional Governance Approaches Helping or Hindering?
Read Diane Ragsdale's provoking keynote for our "Recognising Realities" day on 27th March in Newcastle.
In her address, Diane reflected on the question: "Are traditional Board governance approaches helping or hindering?"
You can read the full key note below and share your views and ideas too!
re.volution: The First 150 Days
re.volution is five months old.
By happy coincidence today we celebrate our fifty fith Peer member joining the network, adding to an incredibly diverse and jaw droppingly skilled, distinctive and creative crew of people.
Recognizing Realities - Tuesday March 27th
You can read about our first Learning Day below and you can sign up to attend here.
Why smart re.volutionaries don’t need to throw stones
In his recent blog on entrepreneurship following the RSA jobs summit at the end of January 2012, Matthew Taylor recognises the vital role that entrepreneurs play but admits:
.."we are still quite in the dark about the characteristics which make for a successful entrepreneur and the context which most favours them."
Museums and Material Culture – reflections from the Happy Museum Symposium
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