Wednesday, March 27, 2013

Hostile Takeover at the Staid Corcoran? - NPQ - Nonprofit Quarterly

Hostile Takeover at the Staid Corcoran? - NPQ - Nonprofit Quarterly: While we in this sector are used to all manner of internal conflicts on our boards, it is seldom that we see an outside party attempt an aggressive coup to take over a board’s leadership. The Washington Post’s recent article about the storied Corcoran discusses such an attempted coup and is also a twist on that ugly moment that some institutions face when a donor starts trying to take more of a directive role than anyone agreed to – except in this case, Wayne Reynolds is not a donor but a moneyed and connected activist with a great deal of self-confidence. He may have some grounds for self-confidence; as chair of the board of Ford’s Theater in Washington, D.C., Wayne Reynolds led the charge to raise $54 million, far outstripping anyone’s expectations.

Now he’d like to repeat the performance for the famed Corcoran Gallery of Art

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