Why Would a Busy CEO Join a Nonprofit Board? With Dennis Murphy

This week, we are speaking with Dennis Murphy, President and CEO of Gulfside Bank and Past Board Chair of the Greater Sarasota Chamber of Commerce. Dennis shares with us some of the differences between leading a 501(c)3 and a 501(c)6, how being a board chair helped him as a CEO, and how he managed the large board of the Chamber.

Key Takeaways:

1. Soft skills are extremely important to being a great leader.
2. It is helpful for the board chair to set a long term goal for the board.
3. As a board chair, Dennis wanted to support the CEO and allow her to run the organization.

Timestamps:

00:56 - Interview Starts

01:12 - Dennis introduces himself

03:10 - Why did Dennis volunteer his time at the Sarasota Chamber?

06:15 - What is the role of the board chair for the Chamber?

08:45 - How do you manage a large board?

11:25 - How much time did you dedicate to the Chamber on a weekly basis?

13:05 - What is the difference between a 501(c)6 and 501(c)3?

15:25 - What skills as CEO helped you perform as board chair?

19:00 - What skills as board chair help you perform as a CEO?

21:10 - Anything else?

22:30 - Recapping with Read

Join us every week as we release a new podcast with information about how you can be the best board member and provide great service to your organization.

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