Marc J. Epstein is Distinguished Research Professor of Management at Jones Graduate School of Business at Rice University in Houston, Texas. He is considered one of the global experts in the areas of sustainability, governance, performance measurement, and accountability in both corporations and nonprofit organizations. F. Warren McFarlan is Albert H. Gordon Professor of Business Administration, Emeritus and former senior associate dean of the Harvard Business School. He has served for over thirty years on both corporate and nonprofit boards and has written a number of articles and cases in the area of Social Enterprise.

• Exhibits, Figures, and Tables ixForeword xiPreface xvAcknowledgments xix1. Introduction 12. Mission 253. Performance Measurement 454. Financial Strategy and Oversight 635. Philanthropy 816. Board Structure and Role 1117. Leadership Chairman and CEO—a Complex Partnership 1418. You as a Trustee 165Notes 181References and Reading List for Senior Managers and Board Members 185Case Studies of Interest 187The Authors 189Index 191

Marc J. Epstein is Distinguished Research Professor of Management at Jones Graduate School of Business at Rice University in Houston, Texas. He is considered one of the global experts in the areas of sustainability, governance, performance measurement, and accountability in both corporations and nonprofit organizations. F. Warren McFarlan is Albert H. Gordon Professor of Business Administration, Emeritus and former senior associate dean of the Harvard Business School. He has served for over thirty years on both corporate and nonprofit boards and has written a number of articles and cases in the area of Social Enterprise.

• Exhibits, Figures, and Tables ixForeword xiPreface xvAcknowledgments xix1. Introduction 12. Mission 253. Performance Measurement 454. Financial Strategy and Oversight 635. Philanthropy 816. Board Structure and Role 1117. Leadership Chairman and CEO—a Complex Partnership 1418. You as a Trustee 165Notes 181References and Reading List for Senior Managers and Board Members 185Case Studies of Interest 187The Authors 189Index 191